TFS Group provides accounting and compliance services to truck fleets and owner-operators of all sizes and stripes. The company is based in Canada, but its straightforward, plain-spoken advice and methods for managing the business side of the trucking business are universal. Story angles include choosing a business structure; tax strategies and compliance; IFTA reporting; financial planning; and managing the relationship between owner-operators and carriers. Media contact: Stephen Petit
Jun 30, 2010 Your tax bill is a business expense—another bill that has to be paid. So take steps to understand why you owe what you do. Here’s where to start.
May 31, 2010 Hindsight is 20/20. Now that another tax filing deadline is behind us, here are four observations about dealing with Canada Revenue Agency.
Apr 30, 2010 Tips for managing the transition to HST in Ontario and British Columbia.
Mar 31, 2010 Being your own boss has many benefits, but access to Canada’s federal employment insurance plan traditionally isn’t one of them. But that’s changing. Under the EI Measure for Self-Employed People, you can now pay into EI and be eligible to claim certain benefits previously available only to salaried workers and wage-earners: maternity, parental, sickness, and compassionate-care.
Feb 25, 2010 | Story angle: Taxes Tax time induces so much angst because the process is overwhelming. Canada Revenue Agency’s General Income Tax and Benefit Guide for 2009 is 62 pages long—all that to help you complete a five-page income tax return. That said, folks ask the same basic questions each year.
Jan 26, 2010 | Story angle: Recordkeeping, Taxes It’s 2010 and last year may be a distant memory for you—and given the state of the economy, why not? But there’s still a chance to minimize your 2009 personal income tax bill. From the HRTC to HST, TFS Group’s Scott Taylor provides six opportunities you shouldn’t overlook.
Nov 30, 2009 | Story angle: Recordkeeping, Taxes For many owner-operators, this past year has meant not only less revenue but more debt. If you signed new loan agreements or refinanced existing ones, be sure to account for the interest and finance costs on your tax return. Read this four-step plan.
