Entrepreneurship & Small Business

Is there a way that I can file small business tax on my own?

  • Last Updated:
  • Mar 17th, 2017 10:56 am
[OP]
Penalty Box
Oct 13, 2016
144 posts
7 upvotes

Is there a way that I can file small business tax on my own?

Currently I am filling my personal tax on my own, I have two businesses, the bigger one I use an accountant, a smaller one with single source of income with annual revenue of 10k. Can I report it on my own? Don't want to spend too much money with the accountant.
3 replies
Sr. Member
User avatar
Apr 25, 2007
869 posts
45 upvotes
Markham
Look at thr T2 short return and determine if you meet the criteria to use that instead.
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Deal Addict
User avatar
Jul 22, 2004
1673 posts
26 upvotes
ETOBICOKE
are you incorporated?
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Deal Addict
Oct 7, 2007
2879 posts
609 upvotes
I would recommend using the accountant. Preparing a business return requires preparation of financial statements which requires some technical knowledge. You don't want to screw it up and get audited five years from now only to find out all the returns you prepared were wrong.

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