As a small beauty business owner, navigating the tax landscape can be both complex and time-consuming. What if you could ensure that you’re maximizing your potential tax deductions?
The Canada Revenue Agency (CRA) offers a golden opportunity for self-employed beauty professionals and small businesses like yours through its Liaison Officer service.
What is a tax deduction?
A tax deduction is like getting a discount on the amount of money the business owes in taxes because you spent money on expenses needed to run or start the business, such as equipment and beauty courses to expand your service menu.
Benefits of the CRA’s Liaison Officer Service
Free Personalized Support
- The Canada Revenue Agency (CRA) provides complimentary in-person, phone, or online support to small businesses and self-employed individuals across Canada.
- This service aims to help you understand your tax obligations and uncover potential tax deductions.
What a Liaison Officer Offers
During a visit or seminar, expect to receive:
- Answers to your tax-related queries, including those about income tax, GST/HST, and payroll.
- Insights into business tax deductions and how to avoid common tax errors.
- An overview of financial benchmarks for your industry, helping you compare and evaluate your business’s financial health.
- Guidance on bookkeeping concepts and best practices, including advice on setting up an effective bookkeeping system.
Top 3 Reasons to Do It:
- Time and Money Savings: By understanding your tax obligations and the deductions you’re entitled to, you can save both time and money.
- Avoidance of Common Mistakes: Learn how to sidestep errors that could lead to unnecessary costs with this free service.
- Confidential Assistance: Any information shared during your liaison officer visit remains confidential and is not shared with other areas of the CRA.
Here‘s our CRA source!
Success Stories
- Since its inception in 2014, over 94,000 small businesses have benefitted from this service.
- A staggering 97% of participants confirmed that the service helped them better understand their tax obligations.
How to Access the Liaison Officer Service
To book your personalized visit or to arrange a seminar, visit canada.ca/cra-liaison-officer. You can choose whether you prefer in-person assistance or an online webinar.
Book 10 days in advance here.
Leveraging the CRA’s Liaison Officer service gives you peace of mind and more time to focus on what you do best—running your business. Take a step towards smarter tax management for your beauty business.
The best time to get ahead of your taxes is now. Reach out to a CRA liaison officer and make tax time a breeze.