Sorted for Small Businesses – Frequently Asked Questions

May 28, 2020 Posted by Uncategorized 0 thoughts on “Sorted for Small Businesses – Frequently Asked Questions”

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Small Business – Frequently Asked Questions

 

We’re here to help you on your small business journey, whether it be navigating the tax environment or easily using the Sorted app to organize your expenses. Here you’ll find answers to all of your important questions.

Covid-19 small business tax questions

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Small business tax filing questions

 

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Small business expenses tracking questions

 

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Tax Write Offs for the Self-Employed

December 11, 2019 Posted by Uncategorized 0 thoughts on “Tax Write Offs for the Self-Employed”

If you’re self-employed and registered to collect sales tax, you may be able to recover sales tax (i.e. GST/HST or QST) you paid on business-related expenses.

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Do Freelancers Need to Charge Sales Tax?

December 2, 2019 Posted by Uncategorized 0 thoughts on “Do Freelancers Need to Charge Sales Tax?”

Understanding sales tax and whether or not you should be charging it is something you need to know as a self-employed freelancer. Taxes are complicated, but we’ll make it simple – let’s start with the basics of sales tax.

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The Freelancers Guide to Provincial Sales Tax (PST)

November 25, 2019 Posted by Uncategorized 0 thoughts on “The Freelancers Guide to Provincial Sales Tax (PST)”

In another post, we covered GST/HST filing frequency and due dates for the self-employed. If you are self-employed, and are selling goods or services in British Columbia, Manitoba or Saskatchewan, additional PST rules will apply.

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The Freelancers Guide to Sales Taxes in Canada

November 20, 2019 Posted by Uncategorized 0 thoughts on “The Freelancers Guide to Sales Taxes in Canada”

Understanding freelance taxes in Canada isn’t always easy. If you are self-employed and registered for GST/HST, keeping track of payment and filing due dates can be overwhelming.

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How to Calculate Sales Tax in Canada

November 12, 2019 Posted by Uncategorized 0 thoughts on “How to Calculate Sales Tax in Canada”

If you’re self-employed and registered to collect sales tax, you may be able to claim Input tax credit (ITCs) on business related expenses related to expenses to further reduce your net sales tax payable.

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How To Calculate Your Rates as a Freelancer

November 6, 2019 Posted by Uncategorized 0 thoughts on “How To Calculate Your Rates as a Freelancer”

Setting your rates as a freelancer should not be an arbitrary task. How much you charge is a reflection of your experience, your brand, and the type of clients you’re trying to attract.

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5 Tips to Increase Revenue as a Freelancer

October 29, 2019 Posted by Uncategorized 0 thoughts on “5 Tips to Increase Revenue as a Freelancer”

More money, less work. At first, this sounds a bit counterintuitive, especially as a self-employed contractor. But this is really all about time management, efficiency and a few more freelance tips to help make you more money.

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Income Tax and Sales Tax Guide for the Self-Employed

October 23, 2019 Posted by Uncategorized 0 thoughts on “Income Tax and Sales Tax Guide for the Self-Employed”

Understanding income tax, sales tax, deductible expenses and important filing dates. There’s really no way around this. Being self-employed means you’ll have to manage your own taxes and that can be daunting.

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Benefits of Self-Employment

October 15, 2019 Posted by Uncategorized 0 thoughts on “Benefits of Self-Employment”

The pros and cons of being self-employed: understanding the benefits and challenges will help you make an informed decision.

It’s always a good idea to weigh the pros and cons before making a major decision like becoming self-employed. Below, we look at both sides of self-employment and offer a few things you should think about before diving in.

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Sorted makes tax time easy for Self-Employed in Canada. Simply swipe to sort your business expenses, then get a summary of your business expense deductions. Plus know what sales tax you owe and when it’s due!


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