Aaand, we're spending two extra days in beautiful Redmond OR. There's a snowstorm coming, and it's coming up from California as we would be going down into it. We'll see how things look on Thursday.
he knows of that it appears...but looks like he is using the "Actual" method...he losing 1,000's if he is....and lots of unnecessary adding...the Flat rate especially with a new van is the by far winner...
Trying to remember my Canadian taxes..but its been too long probably with changes from Revenue Canada...I took all expenses and per diem that I know...Ok. Keep it coming.
Any Canadians willing to chime in? How do you structure your taxes?
A van by design is a "motor vehicle" so disqualified for per km deduction. A van is less than 11,000 kg so does not qualify as a "long haul truck" for those deductions (like meals). Not being an employee, I can't take the daily allowance (for being away from home).
Anybody? My solution was not to file, doesn't seem to be working well
Google is silent on anything useful, you'd think with over 3000 courier companies in Toronto somebody'd post something
Maybe I should try that "free citizen" stuff
Oh and still sitting at home which is why I'm going crazy but trying to plan this year to be a good one
same here..customer is sitting on it..no decision yet...Finally got a hit, but no hook set
Lost in Space.
Get a good accountant... worth their weight in gold!Trying to remember my Canadian taxes..but its been too long probably with changes from Revenue Canada...I took all expenses and per diem that I know...Ok. Keep it coming.
Any Canadians willing to chime in? How do you structure your taxes?
A van by design is a "motor vehicle" so disqualified for per km deduction. A van is less than 11,000 kg so does not qualify as a "long haul truck" for those deductions (like meals). Not being an employee, I can't take the daily allowance (for being away from home).
Anybody? My solution was not to file, doesn't seem to be working well
Google is silent on anything useful, you'd think with over 3000 courier companies in Toronto somebody'd post something
Maybe I should try that "free citizen" stuff
Oh and still sitting at home which is why I'm going crazy but trying to plan this year to be a good one
Yes. GOOD one being the key word. My last CPA screwed my taxes so badly I owe 26,000 on 40,000 income. 4 years later, its yet to be corrected and they're still garnishing wages.Get a good accountant... worth their weight in gold!
same here..customer is sitting on it..no decision yet...
guess I got lucky...I had a good one in Hamilton....I never paid Can. taxes...he was an old Irishman...O Sullivan...Yes. GOOD one being the key word. My last CPA screwed my taxes so badly I owe 26,000 on 40,000 income. 4 years later, its yet to be corrected and they're still garnishing wages.Get a good accountant... worth their weight in gold!
So that my friends is why every so often I babble on these forums about taxes. Surprisingly not too many Canadians chime in
And sorry I'm jealous of you Americans
Broker says its ours IF the customer wasn't just kicking tires....same here..customer is sitting on it..no decision yet...
With 47 units in the area I'm sure my hit was too high.
Sent from the deep end.
You do know that you can't flip back and forth from flat to actual. Once you start on a vehicle it has to stay the same flat or actual until you change vehicles....ummm.....Y are you adding gas receipts?
I told ya you'd be sore once the adrenalin rush was over...I seen people seeming unhurt and walk away from an accident only to collapse an hour later...
Psssst look ...Iowa guy is counting gas receipts....LOL now there is self induced pain....LOL
Maybe someone should tell him about the per diem?
Yes we file joint, usually my mileage wipes out Mrs.Fast tax liability and we get all hers back. And just yearly
Lost in Space.
... OVM .... you know from phone conversations that Our CPA does the Official Tax work ... but we bring all totals into her ... and Yes the Per Diem and Business miles win out ... however since the tax laws change alittle every year and the CPA itemizes on 1 computer screen and P D and Miles on the other computer screen ... she shows us both breakdowns ... in and out in less than an hour ... easier to add everything up now ... instead of scratching your head 2 years down the road if Audited ...yeah same here....don't now why Mr. 3000 is doing what he is doing unless he just likes to add....LOL
at 200,000 miles for the year say at .55 a mile....thats a whopping $110,000 deduction right there...not even figuring in per diem
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Dennis O Sullivan.. wonder if he's still in business..guess I got lucky...I had a good one in Hamilton....I never paid Can. taxes...he was an old Irishman...O Sullivan...Yes. GOOD one being the key word. My last CPA screwed my taxes so badly I owe 26,000 on 40,000 income. 4 years later, its yet to be corrected and they're still garnishing wages.Get a good accountant... worth their weight in gold!
So that my friends is why every so often I babble on these forums about taxes. Surprisingly not too many Canadians chime in
And sorry I'm jealous of you Americans
I guess you got lucky. But I didn't pay for 17 years previous so it might be a case of not being on their radar before.guess I got lucky...I had a good one in Hamilton....I never paid Can. taxes...he was an old Irishman...O Sullivan...Yes. GOOD one being the key word. My last CPA screwed my taxes so badly I owe 26,000 on 40,000 income. 4 years later, its yet to be corrected and they're still garnishing wages.Get a good accountant... worth their weight in gold!
So that my friends is why every so often I babble on these forums about taxes. Surprisingly not too many Canadians chime in
And sorry I'm jealous of you Americans
yep...no need ever to use actual the way the numbers crunch...You do know that you can't flip back and forth from flat to actual. Once you start on a vehicle it has to stay the same flat or actual until you change vehicles....ummm.....Y are you adding gas receipts?
I told ya you'd be sore once the adrenalin rush was over...I seen people seeming unhurt and walk away from an accident only to collapse an hour later...
Psssst look ...Iowa guy is counting gas receipts....LOL now there is self induced pain....LOL
Maybe someone should tell him about the per diem?
Yes we file joint, usually my mileage wipes out Mrs.Fast tax liability and we get all hers back. And just yearly
Lost in Space.
... OVM .... you know from phone conversations that Our CPA does the Official Tax work ... but we bring all totals into her ... and Yes the Per Diem and Business miles win out ... however since the tax laws change alittle every year and the CPA itemizes on 1 computer screen and P D and Miles on the other computer screen ... she shows us both breakdowns ... in and out in less than an hour ... easier to add everything up now ... instead of scratching your head 2 years down the road if Audited ...yeah same here....don't now why Mr. 3000 is doing what he is doing unless he just likes to add....LOL
at 200,000 miles for the year say at .55 a mile....thats a whopping $110,000 deduction right there...not even figuring in per diem
Sent from my SM-G900M using EO Forums mobile app
Not any longer, but thank you. Anybody who knows a good CPA in the GTA I'm ready to dump all my problems in his lap.Dennis O Sullivan.. wonder if he's still in business..
You do know that you can't flip back and forth from flat to actual. Once you start on a vehicle it has to stay the same flat or actual until you change vehicles.