You can't forget to deduct something because your accountant can only deduct the receipts you give them so if you have a reciept for something then you will remember to deduct it. There isn't really a lot that makes a difference for us since we aren't dealing with a corporation that gets tax incentives and loopholes etc. Basically we just add up our receipts, deduct it from the total earned and the balance is our income which we treat the same as what another person would have on their T4 slip and then finish the same tax package that everyone else does.

































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