Quote:
Originally posted by psyko514
yeah, he seemed to avoid that advice 3-4 times, so i figured telling him straight out to pay it would be the safest thing for him.
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I mentioned that I DO have an accountant from a previous 'self emploted' venture. My earning were in excess of $35k, and I paid GST, but not without taking advantage of the input tax credit. They actually wrote a program that determines whether it is advantageous to go the quick method route, or to deduct all business GST related expenses.
I'm also aware of all the right offs that are available to me, as I work out of the home, as I'm sure several of you do. I may also incorporate with my spouse who does entertainment management and form a 'Multimedia Management' firm that will allow us both to maximize tax benefits.
This is my first year as a webmaster, and WILL be getting help from my accountants who have done wonders for me in the past. I was just wondering if there was something I didn't know about, but thanks for the advice.