Watching a video can be good for your business
(NC)—You’ve probably noticed that online videos have become big business. So big that YouTube is now the second largest search engine in the world. And Canadians are jumping on board: even governments. This is good news, especially if you are a business owner, and your time is money.
As a business owner, you might not have time to read pages and pages of instructions to figure out how to file your slips or learn about how to claim your parking. Well, the Canada Revenue Agency (CRA) is trying to make it easier for businesses by presenting some of their technical tax information in easy-to-follow videos and webcasts. Their popular series of business videos answers some of the common questions that are related to tax saving, payroll issues, GST/HST reporting, learning how to file online, what to expect from an audit, as well as tax policies relating to motor vehicles, parking, gifts, and awards.
More complex topics, like Starting Your Business, are separated into a series of shorter videos ranging from 2 to 12 minutes. It’s important to get off on the right foot when starting your business, and the videos cover subjects like the different types of ownership, registering, bringing assets into the business, payroll development, keeping accurate records, introducing GST/HST, and more.
Signing up for online services can also help make doing business easier, and can help you do more in less time. Did you know that over one million businesses in Canada now receive tax services online? The CRA’s business web site, at http://www.cra.gc.ca/businessonline, is a good place to start. It has links to do just about everything: make a payment, file a return, ask for direct deposit, and calculate payroll deductions, just to name a few.
So go online. Sign up for services and watch a few videos. It’s just good business.