Читать книгу Start & Run a Home Cleaning Business - Susan Bewsey - Страница 13

As a business owner, you have to register with the federal tax department, as well as pay any local and state/provincial business taxes. In the United States, businesses can register with the Internal Revenue Service (IRS). If you hire employees, you must also pay social security tax according to the Federal Insurance Contributions Act (FICA). Depending on where your business is located, there may be other state requirements such as workers’ compensation and disability insurance. Contact the irs for the most up-to-date requirements.

In Canada, your business must comply with all applicable federal, provincial, and municipal laws. Businesses may apply to the Canada Revenue Agency (CRA) for a provincial or federal tax number which grants exemption from payment of tax on goods for resale. Businesses with gross revenues over $30,000 must charge 6 percent goods and services tax (GST) on the goods and services they provide. Every business must pay 6 percent GST on anything it buys. You can register with CRA for the GST, which allows you to recover any GST that you spend on business purchases.

As an employer, you are also responsible for remitting Employment Insurance (EI) and Canada Pension Plan (CPP) or, in Quebec, Quebec Pension Plan (QPP). Some provinces also require that businesses pay all or a portion of their employees’ provincial health insurance premiums. Check with CRA and your provincial tax office for the latest information.