Tax Payments – Corporate, GST, Payroll?
Taxes can get confusing, but that’s what your tax preparer is for! As long as you give your bookkeeper or accountant everything they need and answer their questions quickly, they should be able to ensure that all your tax returns and slips are filed correctly and on-time. They’ll tell you what’s owing and then it’s your responsibility to make the payments through your business online banking. You usually need to use a separate tax filing payment service to make these payments. Check out this tax payment video for some guidance.
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Fixed assets refer to assets that a company owns and uses in its business operations for a long period of time. Fixed assets can take many forms and are typically purchased with the intention of using them for several years.
As the owner of a small company, you need to decide how you want to pay yourself. Dividends or salary?