![[Breaking News] CERB repayment rules have changed for self-employed](https://susanivanovicscpa.com/wp-content/uploads/2021/02/pexels-karolina-grabowska-4476375-1080x675.jpg)
by Susan Ivanovics | Feb 9, 2021 | Self-Employed and Small Business
Did you receive CERB and were confused if you should have received the payments? On February 9, 2021 the federal government announced that self employed Canadians who received CERB may not have to pay it back. Canadians who are worried about having to repay may not be...
by Susan Ivanovics | Feb 9, 2021 | Self-Employed and Small Business
Here’s some good news for small businesses in the arts and hospitality industry. The Canadian Government has identified some of the hardest hit industries due to COVID-19 and created a special stimulus program for these sectors. The incentive program is designed...
by Susan Ivanovics | Feb 2, 2021 | Self-Employed and Small Business
This is a friendly reminder that if you received CERB, CESB, CRB, CRSB, CRCB or enhanced EI Payments in 2020, chances are you will have to pay taxes. What’s the reason? These support payments made to Canadians did not have any tax taken off of at the...
by Susan Ivanovics | Sep 2, 2020 | Self-Employed and Small Business
“Can I claim a vehicle expense for my business if I don’t own the car, but it belongs to my partner?” In my practice as a CPA in Hamilton, I get asked this question by many small business owners. To clarify, “partner” refers to a husband, wife, boyfriend, girlfriend,...
by Susan Ivanovics | Aug 12, 2020 | Self-Employed and Small Business
“I haven’t filed my 2019 tax return and I am not sure what to take to my accountant?” If you are in this position, my recommendation is (if you are utilizing the same accountant as last year) to contact their office ASAP. A good accountant should be...
by Susan Ivanovics | Aug 12, 2020 | Self-Employed and Small Business
We’ve all had to practice patience this year. But I don’t believe any of us are experts yet! Delays in general have been relatively commonplace in 2020. In my practice as a CPA I have been asked several times why tax returns for 2019 are taking a long...
