Calculating my business income

Calculating business income

Report business income using a 2-line or 4-line statement

What is taxable, what is not

Check the taxability of your trade, business, profession or vocation income

Preparing statement of accounts

Under the law, business owners have to prepare statement of accounts

Business expenses and deductions

Know the types of business expenses that are allowable or disallowable as deductions

Common filing mistakes to avoid

Avoid these mistakes when filing your annual tax return

Reporting income not reported previously

Find out information you need to provide if you have failed to report your income in previous years.