What does it mean to scale your business?

Deciding if you can scale your business can be a challenge. As a business owner, it can be difficult to know what exactly it means to scale your business, and whether or not growth will be sustainable for you. Gallo…

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the most important self-employed tax deductions

The Most Important Self-Employed Tax Deductions

As a self-employed individual and small business owner, you are likely looking for the most important expenses to keep track of that can be deducted from your taxes. If you’re self-employed, read this blog to learn what the most important…

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14 Ways to Get a Bigger Tax Refund

As our T4s and other tax documents come in, you’re likely wondering how you can get as large of a tax refund as possible. At Gallo LLP, we go over every single document to make sure you have claimed everything…

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What Happens If You File Taxes Late

Many Canadians wonder every year what would happen if they file their taxes late. Tax season can be a stressful time. Whether you’re worried about getting all your documents in place and filing on time, or you are worried about…

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CSRS 4200 In Effect

There is a new Compilation Engagement reporting standard, also known as the Canadian Standard for Related Services (CSRS) 4200, effective for compiled financial information for periods ending on or after December 14, 2021. This standard updates Compilation Engagement requirements from…

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stethoscope and computer

What Tax Deductions Can Self-Employed Physicians Claim?

As a self-employed physician, your tax structure and deductions are different from a salaried physician. If you’re making the transition from a salaried employee to that of an independent, self-employed physician, you’re going to need a clear understanding of what…

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What are Tuition Tax Credits?

If you’re a Canadian post-secondary student, you’ve likely wondered what a tuition tax credit is and how to use it. Or, maybe you’ve looked on your CRA account and wondered what those carried over amounts are for. Understanding tuition tax…

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