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II - WATERLDO (Lil-0mm - Wednesday. November zit, 20I2 ' (In z: run/1.7 // (17/ // Ila/r {Illl/ . , , ° , - xix/mm, flax/m; /; emu.- Some deadlines dont apply // ("l/I 'I/fi/t/ QI/l/II '1/ /’ fl/lyffif/f/I round this time each personal tax return. she \ \ year I have questions l , would be 100 per cent coniâ€" \\ ‘ from clients about l l \ ll ll l\ pliant with government reg- . ”t- ,. ' \" \ deadlines for registering {US ' 7 ‘ ‘ ulations. \ x.-. .___ _. â€"- â€" their business. I [\V‘SS So whether you are operâ€" . . . . . There is confusion abo t atin our business in our {be 305 Committee ol Cambridge Kitchener, Waterloo & Area is commemorating the required timing for regiVsl- owngnlame or a trade Myrna or AIDS-Day With an Art Gallery Reception which features live mUSIC, wring a new business. or if the income from your busiâ€" ' a silent auction and amazing art! there isadeadline at all. ness is always reported on . So. ith th d f th our nait rem . ACCKWA'IS also honoured. to be-oble to'present-the Waterloo Region Section of “and"; yegrenqgickl: y Topgrifglify it: anynbusi» the Canadian AIDS Memorial Qutll for this one night only. approaching. I thought l "355 expense deductions ‘0 , . . . would help clarify this quay ‘- f “ reduce your taxable busi- tlacréd oeuvre: Will be prepared by Gusto Catering and a cash bar will be open lor tion for anyone considering " fl ness income, you do not 6 oration o the event. starting up their busineg by W ROY have to register the business Dec. 31. WEBER with the province. The biggest misconcep- In the case of my book ‘ ,» tion to begin with is the idea those three would keep her keeping client, She Will simâ€" ‘ , . z . A there is a requirement to quite busy. ply “”81 her bUSihess varâ€"e: : . -. .. registeryoursole proprietor- lthen asked her its trade income and deduct any ship -â€" a sole proprietorship name was important to her. business expenses from that it...“ 2 .1 ,3 ‘ . W M meamyouownthe business Since she didn't plan on income â€"' uP ‘0 Dec- 31 0‘ and income from the busi- advertising her service to the each calendar year â€" all“ ness is reported on your per- general public. she figured 7990" this as selfâ€"employ- sonai tax return. that it wasn't so important. merit income on her annual l recently had a client in 1 suggested she simply income tax return. SATURDAY, DECEMBER '5', 20‘ 2 to see me. wanting ‘0 regis- operate her business with So. don’t. worry about a The Clay & Gla‘s GCIIO ter her business with the her legal name. She was hanSlO WEISWTIYOUI’ bUSl‘ 25 Carolin. 5' N W a? province. She was setting up pleasantly surprised when l ness by Dec. 31 this year. _ ' . ' I ' a home-based, book-keep- told her she didn't have to lUS' remember to keep all (parking behind the gallery) ing business register her name as a busi- expense "599le related to $30.00/60lfl rick“ 6-8” When I asked her if she new and pay the $60 licence your bUSineSS and ihVOiCES . had any clients, she fee, or set up a business issued '0 your customers uP Somrformal attire explained to me she had bankaccount. '0 the and of eaCh calendar 1 I". M ”a DAY “I“. 5 VI II . _ . three business clients that As longas she reports the year. ~ she would be doing regular income from her book- ... ' . , , 2"; .. . . 23/". ,» ,7 . . 3‘ :- 7, . ’ \ work with. and didn't plan keeping business as selfâ€" MWBMW‘ with the g; ‘ i . ’ ~ _ ‘ _ _, _ ‘ > _ ‘ ~ on getting any more since employment income on her Hammamnmanm , O . V7” ' 5"? $2”: a»: t 3 " l9» j/J ., ‘ 1w“ ’ ,- Vite" - I g m /- /‘ . a as e season a =1» - f » ; ‘~ ’4 1 /, . , ‘,>_'+“ i. ll 1 ' o , , E . ‘ l; '/ l . Iain us for our next Complimentary vents. "a J /- - we, . \ ‘ it“ / We Redd-ow Hunky, November 29‘, My» Dopalnwa me my V0 nmmlfiigmmaamiaann’airlflsfixthmfim “is WhimsAmMmbMJommflnphywadd fiW . " W.MWW&MRSVPMMZO. * . . A: - . We MM‘W-HMM, “$.14” Jane .M 9“; .5 .. ' “ ' ”we. “balm,“meDd' . «r '; r ~ 4.... it was” _. Ammdmgnap-gwmpfi s: » [an . ' “do!“ launder“; ' ’52.; . 1&4» . . ,, ,. Sun-WM" WW . , , with a . e . "at,”de V'isim‘V . d : . Wk ‘3: . ~.“‘ .5 . _ Jillian-3hr a“ . .. y e - «i; m anus...» _ r“ , a ' aphid» ,..; . . we _ flatten”. , . , ~ “his“ W V;;,.g V If“ 'V’ “We. .3 - 1% um .,«i ' i we” .-' vi»; "Wises" ‘ t , _ g: sol“ l " 3.4 4i"? i . - ' Ev "j" . ‘ w. ' ' " =6 p c .1“; ikr , ,. It - , / g - a , « - , "as" I v ,. ‘v by}; / I ' _ ’ 9 V1.3: . V 4 ‘ - i x _ I , ~ 9 mg , nu”, _ b "a ‘ , ” . . . . . '. . *5 ‘ ‘ Experience Vibrant Seniors Livmg ' 3;: vii-3 ' .: Viv '