yay my taxes are done! thanks to quick tax the taxes for my first year in business were relatively painless to prepare. i just had to create a spreadsheet for the different expense categories, data entry them in and then quicktax calculated the percentages and totals that i could claim.
also, as long as i don't lose my quicktax file from this year, i can easily transfer over the depreciation from my cost capital allowance on assets that i purchased last year for my taxes next year. yay! i've saved myself several hundred dollars in accountant fees.
illustrator meg hunt has some other practical tax tips for the self-employed.
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