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4 days ago · Remember, the simplified home office deduction for sole proprietors is $5 per square foot, capping at 300 square feet. That means the calculation is… well, simple. Simplified = 5 * Workspace Square Footage. If this calculation gives you a value higher than $1,500, you must use $1,500 since there’s a cap.
16 hours ago · /CNW/ - It's a "two-fer" for large, small and medium-sized businesses who access new tax credits announced in Budget 2024 to invest in new computers and then...
5 days ago · Under Section 179, your business can also lease business personal property and still reap the full benefits of the deduction, while paying small installments. To do so, combine a qualifying equipment finance agreement or equipment lease with a full deduction.
5 days ago · An effective expense reimbursement policy includes defining eligible expenses, setting clear guidelines and limits, implementing a streamlined submission process, ensuring compliance and accountability, and regularly reviewing and updating the policy.
2 days ago · Expense management software is a solution that is used by businesses to manage expenses associated with travel, business calls, lodging, meals, shipping of documents or work-related items, incurred by the employees, managers, officers, etc., during their business trips or within office hours.
5 days ago · 1. Have a Dedicated Workspace. It’s important to set up a dedicated workspace in your home. Doing so will help you block out potential distractions. It will also enable you to keep your work and personal life separate, which will increase your productivity levels and help guard against burnout. Why?
2 days ago · The Canada Carbon Rebate for Small Businesses is a new measure that will return $2.5 billion from the revenue collected from the price on carbon pollution between 2019–2020 and 2023–2024 through an automatic refundable tax credit to an estimated 600,000 small businesses that operate in provinces where the pollution pricing system applies.
