For Sale .ca domains, parking, renewals and tax time

[whitebark]

It's Friday night and whitebark is doing his taxes....

Anyone have any good tax tidbits as it comes to our business?

 

[Namefox]

Expenses...expenses....expenses and of course, having a spouse.

 

[TheLegendaryJP]

My expenses break down into this..

registration fee's
renewal fee's
bank fee's
office expenses ( % for home office )
Any software or tools I use such as domaintools or clickmojo
Accountant fee's
Lawyer fee's ( the odd year )
Escrow.com fee's

My accountant usually says " is this it " ?

There has been the odd year ( once ) where I bought a computer and attended a couple events but besides that the gas consumption to and from the bank isnt worth recording lol

 

[onlinestoreca]

Expenses, gotta love them.

 

[whitebark]

Thanks for mentioning software JP - I almost forgot to add in my software purchases this year!

Well it's nice to have my taxes all done already. Because of the television/movie stuff i've been doing I got some really nice tax credits!

 

[Ilze]

i deduct internet connection and entertainment...you know...those meetings with potiential
investors. internet connections should not be 100 per cent..as rev canada wants only the portion that
is business related.