Today, we aim to help small business owners, just like you, understand fair market value (FMV) and ease tax filing for asset sales or transfers. Above all, we want to prevent you from undervaluing assets to cut taxes, which risks…
The CRA T2 tax form helps Canadian businesses report income and taxes. In 2023, about 2.2 million T2 returns hit the CRA, with 85% filed online. New business owners often find this form tricky. Don’t worry. We at SAL Accounting…
Tax season doesn’t need to stress you out. Canada has 5.4 million small businesses. On the other side of the border, the U.S. has 33.3 million. Knowing small business tax deductions helps you save big. Scary fact: 30% of small…
Double taxation—paying tax twice on the same income—hurts Canadians earning abroad, expats, non-residents with Canadian income, and small business owners in cross-border trade. In 2025, avoiding this burden is essential. Did you know 70% of Canadian small businesses with foreign…
Every sale on your Shopify or e-commerce store feels like a win. Taxes, though, can complicate things. The US has over 12,000 tax zones. That’s tough to keep up with. Data shows 68% of online sellers faced use tax fines…
If you earn money from U.S. sources—like royalties, dividends, or scholarships—as a non-U.S. person or business, you likely have a Form 1042-S. This IRS form shows your U.S. income and any taxes taken out. It helps you follow U.S. tax…
Running an online store is fun—orders come in from Shopify, Amazon, or Etsy, and customers love your stuff. But tracking your money can feel like a mess. Confused about payouts, taxes, or profits? You’re not alone. Bad cash flow kills…
Canadian YouTubers thrive on earnings from their channels. Taxes can seem tough, though. The CRA treats your income as self-employment earnings. Over 40,000 creators earn from content in 2025. Knowing taxes for content creators helps you avoid penalties. This YouTuber…
The Capital Dividend Account lets Canadian private companies pay tax-free dividends to shareholders. It’s a super easy way to hold onto your cash. A 2024 CFIB study says 72% of business owners skip this tax-saving trick. If you own a…
Form W-8BEN challenges many seeking global income. Tax forms worry even experienced earners. Errors cost a lot. The IRS collects over $10 billion yearly from missing or incorrect paperwork. Complex rules shouldn’t reduce your profits. This 2025 guide from SAL…