Self Employed Individuals

Tax Planning for Self Employed Individuals

As a self employed individual, the annual profit or loss of your business is reported on your personal income tax return. Minimizing your tax will involve a thorough understanding of your business to ensure that all possible expense deductions are complete. We will meet with you to obtain this understanding and review all possible expense claims available.

You don’t have to worry about your books, expenses, filing on time—just give them to us and we will ensure complete, accurate and timely returns are prepared. You’ll free up your time to generate business and enhance your company’s performance.

In addition to filing an annual personal income tax return to report your earnings, individuals operating a business may be required to file other compliance returns such as HST and payroll.

We can assist you with determining your obligations to file these returns and discuss the implications or benefits of each program with you.

Click here to access our Self Employed Expense template (excel) to help with the summarizing your annual business expenses.