Taxes

Five tips for conquering cash flow struggles when you’re self-employed

Keeping your cash flow under control can be really challenging, but it’s one of the biggest factors in running a successful—and sustainable—business. Karen Richardson, Money Coach at Money Coaches Canada, shares tips on how to avoid common pitfalls.

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I got audited and lived to tell the tale

Audits are scary, right? They don’t have to be when you’re prepared. Read the story of a real Wave customer and get advice on what to do if the dreaded audit happens to you.

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Five tips to get your books under control fast

Our latest update to Wave’s accounting features makes it even easier to build proper bookkeeping into your routine. Lower your stress, build your confidence, and set yourself up for tax time with these five tips.

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Tax deductions: Vehicle expenses

Being a small business owner has a lot of advantages, but a company car or a large car allowance probably isn’t one of them. If you’re using a car for business purposes, you’ll be able to claim at least a portion of it on your taxes.

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How much tax will you pay on your pass-through income?

The rules applying to pass-through income are getting a radical overhaul with the new US tax bill. It affects all entrepreneurs from sole proprietors to S corporations—make sure you’re familiar with how these changes affect you.

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New rules for writing off equipment, vehicles, and more

Need help understanding how the new US tax bill is going to affect your business’s bottom line? Tax expert Barbara Weltman provides a detailed breakdown of vehicle expenses, bonus depreciation, and other cost recovery changes.

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Year end resolution: stop neglecting your cash flow

Running out of cash is the second most common reason small businesses fail. Learn how to understand cash flow and manage it right with tips from a CPA.

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Tax Quiz: “Can I claim this?”

Take our quiz and put your knowledge to the test! Find out what you can (and can’t) claim on your taxes when it comes to these 10 small business deductions.

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Top 10 small business deductions and tax expenses

Everyone has the same goal for tax season: pay as little as possible without breaking the rules. Make sure you take advantage of these common deductions and expenses when you file your small business taxes.