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Author: TaxDeep

How to Prepare a T5 Slip

Posted on 02/17/202302/17/2023 By TaxDeep No Comments on How to Prepare a T5 Slip

A T5 slip reports dividends paid by a Canadian corporation to its shareholder(s). In order to prepare a T5 slip, you must follow steps below. What is a T5 Slip? A T5 slip reports dividends paid by a Canadian corporation to its shareholder(s). Preparing a T5 Slip In order to prepare a T5 slip, you…

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Tax Tips

A Guide to Register My Account & My Business Account in Canada Revenue Agency (CRA)

Posted on 02/09/202302/09/2023 By TaxDeep No Comments on A Guide to Register My Account & My Business Account in Canada Revenue Agency (CRA)
A Guide to Register My Account & My Business Account in Canada Revenue Agency (CRA)

CRA announced that beginning in 2023, they will only provide Electronic Notice of Assessments and Reassessments for taxpayers. NO more mailing letters will be sent to your home but instead, they will just send a notification to your email, if any new updates is ready for you to view in My Account on the CRA…

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Bookkeeping, Update

Coast Capital $400 Free Chequing Account Signup Offer(BC Residents Only)

Posted on 02/03/202302/03/2023 By TaxDeep No Comments on Coast Capital $400 Free Chequing Account Signup Offer(BC Residents Only)
Coast Capital $400 Free Chequing Account Signup Offer(BC Residents Only)

Coast Capital is offering a $400 signup bonus to BC residents who open a chequing account, set up 1 direct deposit for for 3 consecutive months, and make 15 transactions* within 3 months of opening the account. There’s no monthly fee either. If you sign up with someone’s referral code they get a bonus, but…

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Banking, Business

How to Change Delaware Registered Agents

Posted on 02/01/202302/01/2023 By TaxDeep No Comments on How to Change Delaware Registered Agents
How to Change Delaware Registered Agents

How to Appoint Us as Your Registered Agent in Delaware It is super easy and simple to change registered agents in Delaware. If you are paying your current DE registered agent a lot of money, you can easily change to us and it will only cost you our $45 a year service fee. Steps to…

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Business

You should know these latest Excel features—and the time they save

Posted on 10/25/202202/01/2023 By TaxDeep No Comments on You should know these latest Excel features—and the time they save
You  should know these latest Excel features—and the time they save

Microsoft Excel has gone through a number of changes over the years. The most impactful changes have been around improvements Microsoft made to the cloud-based version that launched with Office 365,  At launch it was bare bones functionality. There have been a lot of improvements since then, allowing users to collaborate more efficiently and bringing it…

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Bookkeeping, Update

How to cancel Quickbooks

Posted on 10/22/202210/22/2022 By TaxDeep No Comments on How to cancel Quickbooks
How to cancel Quickbooks

Quickbooks, developed and owned by Intuit, is one of the most popular small business accounting apps available. We also recommend this software before. Millions of small businesses use Quickbooks in across the US and Canada, but that doesn’t mean they’re all happy. In fact, quite a few have already cancelled. And if you’re thinking similar…

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Bookkeeping, Technology

Great Free Email Providers for Your Business

Posted on 10/09/202210/22/2022 By TaxDeep 1 Comment on Great Free Email Providers for Your Business
Great Free Email Providers for Your Business

Email is vital for business. Even if you don’t rely on email to communicate inside the office, it’s your primary means of communication with your customers. Order status updates, back-in-stock notifications, shipping updates and more are all most efficiently managed through email.

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Business

LLCs for Canadians is a good idea?

Posted on 09/10/202210/09/2022 By TaxDeep 1 Comment on LLCs for Canadians is a good idea?
LLCs for Canadians is a good idea?

A limited liability company (“LLC”) is a common type of entity used by U.S. persons investing in or operating a business in Canada.  While it may not be optimal many Canadians use LLC’s to invest in or operate a business in the United States. LLC’s can be created in a number of States and may…

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Business, Tax Tips

How to open a US business bank account as a foreigner.

Posted on 09/01/202209/02/2022 By TaxDeep No Comments on How to open a US business bank account as a foreigner.
How to open a US business bank account as a foreigner.

If you’re a non US entrepreneur (with no Social Security Number) trying to process credit card payments with Stripe, receive Amazon payouts to a non-supported country, or running a US LLC need a US business bank account – here’s how I solved a few big pain points for myself & opened a US bank account….

Read More “How to open a US business bank account as a foreigner.” »

Update

What You Need to Know About the New Standard CSRS 4200 Compilation Engagements

Posted on 05/11/202208/30/2022 By TaxDeep No Comments on What You Need to Know About the New Standard CSRS 4200 Compilation Engagements
What You Need to Know About the New Standard CSRS 4200 Compilation Engagements

Earlier this year, the Auditing and Assurance Standards Board (AASB) announced a new Canadian Standard on Related Services (CSRS). Known as CSRS 4200 compilation engagements, this new CSRS replaces: Compilation Engagements, Section 9200 or Notice to Reader Assurance and Related Services Guideline AuG-5, Compilation Engagements – Financial Statement Disclosures CSRS 4200 includes new performance and reporting requirements….

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Update

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