Tax

Setting up Canadian sales tax in Xero and recording it accurately during the year is critical for your business. Check out our Ultimate Guide to Canadian sales tax in Xero on Xero's own blog: Part 1: http://www.xero.com/blog/2013/12/sales-tax-101-canadian-businesses/ Part 2: http://www.xero.com/blog/2013/12/sales-tax-101-canadian-businesses-part-two/ About Xen Accounting Xen Accounting is a virtual accounting firm designed for modern day small business owners with one goal i

It’s official: the world has started to go bitcoin crazy. It's exciting times no doubt, but there is one area to pay attention to: tax. So just what are the tax implications of digital currency? Since my last Techvibes article discussing the (limited) tax guidance the Canada Revenue Agency has issued Canadians with regards to digital currencies, namely bitcoins, the value of many digital currencies has skyrocketed. At the time of my article, bitcoins were sitting at around $3

Bitcoins are a hot topic these days. And I must admit, I’m starting to get really excited about them and their future. Bitcoins are a completely decentralized digital currency that can be sent through the internet. The transfer of bitcoins happens on a peer to peer basis and there is no bank or country that controls them other than a rather complex system called cryptography. It all just seems so futuristic. In fact, bitcoins have been so hot that they have literally doubled

You pour your blood, sweat and tears into your new startup project. You have a terrific, innovative idea and the only thing standing behind you and your idea is funding. After pondering the ways that you can raise money, you determine that one of the more recent internet-based methods, crowdfunding, is most appropriate. But this money is far from free. In fact, as of last week in a direct tax interpretation, the Canada Revenue Agency has directly commented on crowdfunding say