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5 Easy Ways To Track Your Business Taxes

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5 EASY WAYS TO TRACK YOUR BUSINESS TAXES 1
5 Easy Ways to Track Your Business Taxes
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5 EASY WAYS TO TRACK YOUR BUSINESS TAXES 2
5 Easy Ways to Track Your Business Taxes
Introduction
In Canada, every small business must file a business tax return annually. For a business
to become efficient and successful in its daily operations, becoming conscious of how Canadian
business taxes are prepared and filed is of the essence. In furtherance, failure to appropriately file
taxes can lead to severe yet unnecessary consequences like late filing and tax evasion penalties.
In Canada alone, despite the tax rate for SMEs being at 9% as of 2017, there has been 37
criminal tax convictions with a court-imposed jail time of 50.5 years and court-imposed fines
totaling $10 million
1
. However, tax time does not have to be a difficult ordeal with the right tools
and expertise. At Accountero, we offer exclusive bookkeeping services and small business
expense tracking for an efficient record management to make tax time hustle free. We are the
only tax consultant company that integrates a human-driven cloud tech stack for tracking
statements to simplify small business accounting. We are a company that recognizes the
cruciality of proper business record management, thus with our efficient tech-powered income
and expense tracker, we help your business run smoothly throughout the year.
Many people only know of paper budget as their method of tracking business taxes. It is a
method that may be advantageous in that manual writing necessitates an active mind which can
prove quite useful when dealing with money. However, the data recorded may be easily lost.
Many people do not store paper copies nowadays. It is easy to misplace records (or find your kid
fiddling around with them assuming it is of no importance). Hey, tracking business taxes with
1
https://www.canada.ca/content/dam/themes/taxes/campaign/criminal-investigations-
infographic-eng.pdf

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5 EASY WAYS TO TRACK YOUR BUSINESS TAXES 5 Easy Ways to Track Your Business Taxes Name Institutional Affiliation Course Instructor Date 1 5 EASY WAYS TO TRACK YOUR BUSINESS TAXES 2 5 Easy Ways to Track Your Business Taxes Introduction In Canada, every small business must file a business tax return annually. For a business to become efficient and successful in its daily operations, becoming conscious of how Canadian business taxes are prepared and filed is of the essence. In furtherance, failure to appropriately file taxes can lead to severe yet unnecessary consequences like late filing and tax evasion penalties. In Canada alone, despite the tax rate for SMEs being at 9% as of 2017, there has been 37 criminal tax convictions with a court-imposed jail time of 50.5 years and court-imposed fines totaling $10 million1. However, tax time does not have to be a difficult ordeal with the right tools and expertise. At Accountero, we offer exclusive bookkeeping services and small business expense tracking for an efficient record management to make tax time hustle free. We are the only tax consultant company that integrates a human-driven cloud tech stack for tracking statements to simplify small business accounting. We are a company that recognizes the cruciality of proper business record management, thus with our efficient tech-powered income and expense tracker, we help your business run smoothly throughout the year. Many people only know of paper budget as their method of trac ...
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