Business Services Fabric
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question about taxes in Canada … This is a disaster?
K, heres what happened. My mom can sew. Said local advertising some free buy / sell such sites last year for sewing services and took it off! Good for her, too bad now that we have to start doing taxes this mess that has been created. Now, first of all, no business registration, no license, no nothing .. This was a home-based thing that just turned to real work! Second, almost no reciepts. She never thought to keep reciepts for thread and the material was being used, or new sewing machine bought .. ($ 400, ay! we can write this stuff?) Thirdly, the records of exactly what happened and what was kept, we know even a hundred times as much has been done (just Net income less than 26K, $ 33K before) We were basically stuck here in reality. We do not want to go to a professional yet, because everything is documented and has shes scared that they owe a lot of money. If anyone has any tips of your appreciated!
The moment things began to take off, her mother should have come herslef in a financial and legal-rational. At this point, was working under the table "… illegally. So, no, I can not write anything out. Your best bet is to consult a professional. That's a lot of money and the government will not be happy not to get your tax due. It is best to confess to be audited later, and face fines and interest.
Business Services: Fabric of Life Boutique
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