The Tax Preparation Blog

Posts Tagged ‘tools’

Question: How do I file taxes as a Freelance Graphic designer in Ontario, Canada?

Hi everyone – I am attempting to do my own personal taxes this year and am stuck with – the freelance graphic designer issue – I have a business registered as a freelance graphic designer but no income for 2008 since I was on EI as well – My question is Do I still need to file? where (T1 form) if there is no income where do I claim this? thanks all
Thanks everyone a little more confusion the T2125 is a separate form I attach correct and I guess on the general tax return this is reflected or amount entered? how Do I know if I qualify for GST rebate or any other rebates?

Answer: CRA only allows you to claim expenses incurred to earn income – therefore, if there is no income, there are no expenses. However, you can carry forward your start-up expenses to 2009, assuming you have income from the business this year.

If you received EI, then you have a T-slip and should file. You may end up with a refund as taxes are withheld from EI benefits. You will also want to claim for GST and any refundable credits that the province of ON may have.

TD takes poor into account

Toronto-Dominion Bank is using an innovative pilot program that specifically targets low-income earners as new clients – a financial intervention of sorts to prevent those folks from cashing their social assistance cheques at costly payday lenders.

tactical tuesday: a well regulated militia – March 24, 2009, 10:37 PM

Many people now utilize the great advantage of having computers to do their shopping. After all… it is more convenient to shop at home than going to stores.

You can do cheap jewelry shopping any time and any day that you choose and online shopping offers various discounts and sales too that are even easier and quicker to access than heading out in your car. Online shopping saves your money to great extent imagine if you had to drive around to or contact all the stores just to get a price or find out the availability of an item. It could take you hours to accomplish what you can do in minutes online.

There are great opportunities for a smart buyer to find some fabulous deals, but also the possibility of being overcharged or outright defrauded if you are not careful. The important thing you need to keep in mind while shopping online is to save money. Here are some ideas which will help you save money and meet your budget while shopping.

First decide on which product you want to buy. Once you finalise which item you want to but start browsing internet, study various blogs, articles, tweets also as people like to share information regarding various bargains they get benefited from.

Compare prices from several websites. Chances are, whatever you are looking to buy will not be the same price at every website. So note down the prices and look for a better deal on other site. Don’t be impatient and buy the discount jewelry right away unless you find an incredibly low bargain. If you are buying from independent sites like eBay or Amazon do read the sellers feedback before finalizing it.

Read the product details carefully, you can also familiarize yourself with common cheap fashion jewelry related terminology. For example make sure you understand the differences between 10 Karat gold and 14 Karat gold, Gold filled and gold plated, etc. The differences in value and quality are considerable! Check if we need to pay any extra charges in the form of any tax. Few sites provide free shipping, you can save some more if you buy from such sites.

Quiet often jewelry is discounted at least 20% to 40% at least once a year so look for such online sales. Once you do the purchase get signed up with such shopping sites and they will keep you informed about any discount scheme that they run through their newsletter. It will help for your next purchase.

Last but not the least; make sure the seller has a reasonable return policy. Even the best photographs don’t tell the whole story. Colors can vary from one computer monitor to another. It is fair and reasonable that you should have the opportunity to return your purchase if it doesn’t live up to your expectations. You will probably be responsible for paying the shipping charges.

Keep these tips and tricks in mind and browse through the online cheap costume jewelry stores, you will enjoy shopping with it. Buying jewelry is a very important investment that really needs to be looked into before taking the final decision. Good luck with your next jewelry shopping!

2010 Schedule Announcement: nCompliance Services

KANSAS CITY, MO–(Marketwire – January 7, 2010) – nCompliance Services — a national firm specializing in Form 1099, Form 1042, Sales and Use Tax, Payroll Tax and Employment law — has released its 2010 class schedule . The schedule includes seminars on 1099 Reporting, 1042 Reporting, Advance Information Reporting Compliance, Payroll Tax, Sales and Use Taxes, Employment Law. Live seminars are …

How to Complete and File a 1040A Tax Form : 1040A Elderly & Disabled Credit Tips

French Government Urged to Tax Online Ad Revenue

A report commissioned by the French Minister of Culture Frédéric Mitterrand urges the introduction of a tax on online advertising such as that carried by Google, which would be used to pay the creators of artistic and other works who lose out to online piracy.

The Daily Geek #128 – Google Twitters, Yahoo’s Open, Tax Online Gambling, Michael Jackson, VP Biden

Question: tax question: how to report lump sum payment from foreign retirement account?

my wife (resident alient) got her retirement account paid out from here japanese employer when she quit. she paid japanese taxes on this. For the life of my I cannot figure out how to report this income and tax. form 1116? form 4972? any help is appreciated.

Answer: The U.S. and Japan have a treaty that states that income can not be double taxed by both countries. Check out www.irs.gov for more information.

Taxpayer Advocate Pushes for Fewer Tax Liens

National Taxpayer Advocate Nina Olson said the IRS needs to do better than answering only 71 percent of the calls it receives from taxpayers, and it should stop filing tax liens against people who don t have the ability to pay.

Health Care and Tax Reform