37 
                                        
                                    
                                
                                                        
                                                            
                                                            Five Reasons You Need To Understand Tax
                                                        
                                                        
                                                             
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Introduction
                                                        
                                                        
                                                             
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                
                                                        
                                                            
                                                            Self-employed income
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Employment income
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            What if you get it wrong?
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Julie and Wonder Spa - Shared expenses
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Transcript for Types of Income
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Types of income - self assessment
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                
                                                        
                                                            
                                                            Reporting income on your T1
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            When do you report income?
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Recording an advance or deposit in QuickBooks Online
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                
                                                        
                                                            
                                                            General information
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Commissioned employees
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Solution file
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                
                                                        
                                                            
                                                            Part 1 & 2
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Part 3
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Part 3D
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Part 4
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                
                                                        
                                                            
                                                            Current vs Capital Expenses
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Vehicle expense
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Leasing a vehicle
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Capital expenditures - transcript
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Capital expenditures - self assessment
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                
                                                        
                                                            
                                                            More on Travel Expenses
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Workspace In The Home
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Specific rules - transcript
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                
                                                        
                                                            
                                                            Plan For Tax
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Tax Minimization
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Planning - transcript
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                
                                                        
                                                            
                                                            Filing Requirements
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                
                                                        
                                                            
                                                            Wrap Up And Summary
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            Recap
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                
                                                        
                                                            
                                                            KA Business Consulting Case
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            KA Business Consulting Case
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            T2125 (2023)
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                
                                                        
                                                            
                                                            Project Manager Case (Employee or Self-employed)
                                                        
                                                        
                                                            
                                                                
                                                                    
                                                                
                                                            
                                                            
                                                        
                                                    
                                                    
                                                    
                                                        
                                                            
                                                            KA Business Consulting Debrief / Solution