Saturday, April 12, 2008

Tax Time

Here it first tax submission for a year where I worked for half of it as a sole proprietor. I am a little nervous, as I really don't know what to expect. I know that I'm definately *not* getting a refund, but I'm also not sure what my bill is going to be. I've contributed quite a bit to RSP's, and I have a fair amount of expenses to claim (which is another thing...seeing exactly what does get claimed and what doesn't, or how much for some of the home bills since I work out of my home for some of my work). I just really don't know...

I'm going to be talking with my accountant about Incorporation again, mainly for the tax benefits and not so much the increased "safety" that it supposedly provides (which I've heard numerous times ove the last few months that its really a fallacy about how much protection you get going SP to Inc).

Anyway, time will tell...look for a tax report in the next few weeks!


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