How to pay your crypto and bitcoin profits with CRA
So you invested in BitCoin or some other really cool cryptocurrency and the value keeps going up and up! You move things around in the ‘bit space’, using BitCoin to buy other currencies as they come onto the market. It’s been fun, interesting and it looks like you are going to make a killing at some point financially. You can even use your cryptocurrency to make some purchases (though its early days).
Copetti & Co. announce a new service to get digital access to your minute book for better corporate governance.
Maintaining corporate records may be the last thing on a business owner's mind. Business owners are focused on the day to day running of their business and making sure their venture stays profitable, they don’t have the time generally to worry about the updating of the corporation’s minute book. This task usually falls on the director’s shoulders at the most inappropriate time when they realize how much work has to be done. The physical minute book has to be acquired from the corporate lawyer or accountant and then any changes and activities need to be updated accurately.
What’s New for the tax year 2018
The TD1 forms for 2018 are available from Canada Revenue Agency. If there have been changes which will affect tax exemptions, you should ensure that you or your employees complete these forms so that the employer (or other payer) will deduct the appropriate amount of income tax from the employment income or pension income.
External Help for Small Businesses
Successful emerging businesses have a team of outsiders that help them achieve their potential: accountant, lawyer, business advisor, etc. They also leverage their customers, suppliers and sometimes their competitors in their pursuit of success.