Posts made in March, 2015

Tax Tips for the Direct Sales Professional

Posted by Roxx on Mar 3, 2015 in what the numbersgal is saying | 0 comments

WELCOME TO SELF-EMPLOYMENT When you decide you’re going to be an entrepeneur, it’s important to know one thing: you are self-employed now. No one will be issuing you a Tslip of any kind whether it be a T4, T4A, or T5. Because of this, you will be solely responsible for accurately tracking your income AND your expenses. Please note that says INCOME not SALES –there is a difference and we’ll get back to that shortly. DO I NEED TO REMIT HST ON MY SALES? The second thing you need to know as far as selling a product – such as for any Direct Sales company – is that you are NOT collecting HST on the SALE of the product, so you are not responsible for remitting that to...