While paying less income tax is a very common goal, we don’t often think of ways to maximize indirect tax management.
Did you assess if you could implement a better management approach?
Companies are frequently subjected to indirect tax audits by tax authorities, and knowledge of your rights and obligations is crucial in these situations. You must also learn the applicable regulations for your transactions to avoid being excessively taxed.
Every entrepreneur hopes to one day see their company expand at the regional, national or even international scale. If your business exports goods to the rest of Canada or other countries, are you aware of any indirect tax requirements you may have in these territories? Being unfamiliar with the relevant regulations could generate contributions that could have otherwise been avoided.
I would be pleased to advise you in such situations. Contact me to discuss how I may support you in the development of your business.