Leverage this accounting software for a stress-free tax season
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There are a ton of benefits to being self-employed, but as tax season rolls around those benefits begin to shrink in comparison to the realities of preparing a tax return. From ascertaining acceptable deductions to untangling the difference between personal and business expenses, preparing one’s taxes can be considerably overwhelming. Staying on top of finances and running a business is tricky and all-encompassing, but with the right tools it can be more than manageable—it can actually be rewarding.
Full- and part-time freelancers and independent contractors are said to make up 45 per cent of the workforce in Canada, and that number is expected to soar. There are many different tax considerations for the self-employed like accurate expense tracking which can be a tedious undertaking, especially with looming work deadlines.