Choosing a Business Tax Structure

Choosing a Business Tax Structure

When preparing to launch your business, one of the most important decisions that you’ll have to make is what type of legal and tax structure it will have to best support your goals. What you choose must comply with tax law, so it’s important to fully understand the...
Death of a Taxpayer – What Now?

Death of a Taxpayer – What Now?

A note to the reader: We here at Isaac Achal Professional Corporation would like to dedicate this blog to one of our own, Abigail Singh, who sadly passed away this last month. Abigail, you touched so many lives and you are, and will always be, truly missed. The loss...
4 Top Tips for Budget-Friendly Travel

4 Top Tips for Budget-Friendly Travel

If you’ve been daydreaming about hitting the road or taking off to the nearest beach, trust us, you’re not alone! A vacation can give you the time to unwind that you’ve desperately needed, especially after tax season, but it can also put quite the ‘ding’ on your...
6 Deductions to Maximize Your Tax Return

6 Deductions to Maximize Your Tax Return

Tax season can be a delicate equilibrium – we love it when we get a return but we’re not as fond of it when we end up owing. Couple that with the ambiguity of not knowing what tax deductions to claim, and if we actually qualify to claim it, and we can end up missing...
Income Tax for Trusts & Partnerships

Income Tax for Trusts & Partnerships

Chances are you’ve heard terms like ‘trusts’ and ‘partnerships’ before – but what do they really mean in relation to your business and filing your taxes? Below, we’ll discuss both in depth so that you have an understanding of each and their importance relative to your...
Salaries, and Dividends, and T4’s/T5’s… Oh My!

Salaries, and Dividends, and T4’s/T5’s… Oh My!

When it comes to owning and operating a business, deciding how to pay yourself can be a tricky decision to make. If your business is a corporation, meaning that it is considered to be a legal entity separate from you as an owner, you have options! You can pay yourself...