by Camden Professionals | Oct 3, 2023 | Income Tax Returns, Small Business, Small Business Tips, Tax Deductions
Did you know that you may be able to claim tax expenses for certain travel costs if your job requires you to stay away from home overnight? The good news is that accommodation expenses, meals, and other incidental costs can potentially be tax deductible when traveling...
by Camden Professionals | Sep 25, 2023 | Small Business, Small Business Tips
** Note that the $20,000 energy incentive is draft legislation at this stage. The federal government has outlined its legislative plan for the Small Business Energy Incentive, framing expectations around the $20,000 ‘bonus’ tax deduction while excluding high-cost...
by Camden Professionals | Sep 15, 2023 | Small Business, Small Business Tips
When starting your own business, you must employ the right people, build relationships with good clients, and market your business. However, considering how your business should be structured and whether it can effectively protect your business and personal assets may...
by Camden Professionals | Aug 24, 2023 | Asset Depreciation, Small Business, Small Business Tips
Depreciating assets are assets used by a business that lose value over time through wear and tear, age and obsolescence. Examples include equipment, machinery, vehicles, furniture and computers. For tax purposes, businesses can claim a depreciation deduction to...
by Camden Professionals | Aug 6, 2023 | Small Business, Small Business Tips
As a small-business owner, a recession or downturn can be daunting. However, with the right strategies in place, you can recession-proof your business and emerge stronger from economic downturns. Recessions may present challenges, but as a small business owner, you...
by Camden Professionals | Jul 31, 2023 | Small Business, Small Business Tips
When first thinking about how to start a business, not many people worry about structure. But your business structure can affect how you’re treated by the government and by the law. Here are some of the ins and outs. The main types of business structure are sole...
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