Jim Walker is a chartered professional accountant in Mississauga, Ont. He specializes in business accounting and taxation, particularly for real estate professionals and other small business owners. Contact him at www.jameswalker.ca.
It’s just about time to pay the tax man: are your financial affairs in order? Jim Walker shares the top 5 things to consider when deciding whether or not to hire a professional accountant.
Bookkeeping is a tedious part of running a successful business – especially in real estate. Chartered accountant Jim Walker offers solutions to the top five bookkeeping mistakes that many agents make.
Your vehicle expense is one of the most used business deductions available to a Realtor. You are allowed to deduct for income tax purposes the business portion of all vehicle expenses you incur to operate your vehicle, provided you use your vehicle for business purposes; that is, your vehicle is necessary for you to earn income.