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

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whitebark

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

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

Namefox

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

TheLegendaryJP

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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
 

whitebark

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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

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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.
 
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