Our Financial Blog
Focus LLP News and Tax Tips
Starting a Business
Part I: Business StructureCongratulations, you have decided to start your own business. One of the first decisions you need to make is what structure you are going to use for your business. This has important implications for how you register your business and how you...
Tax Treatment of Gifts & Awards
Gifts & Awards:In this edition of Did You Know? we look at certain gifts and awards given to employees and the taxable consequences that result. If you would like to know more, give us a call or send us an e-mail and we can help you plan your employee...
Profit from GST using the Quick Method
In this blog I will discuss the Quick Method of reporting GST and demonstrate how some businesses can profit by electing to use this method. That’s right, there is profit available and the amounts that I see with some of my clients can be as high as $2,000+ per year....
Snowbirds beware of “substantial presence test”
Snowbirds – beware of the substantial presence test: 121 days per year is all it takes!!! If you are spending significant time in the United States you may be required to file a US tax return. Substantial Presence Test (SPT) is a criterion used by the Internal Revenue...
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