REVscene Automotive Forum - View Single Post

Gerbs · 08-20-2018, 03:41 PM

I've been approached by a friend who runs a company that wants to report day trading gains on their cryptocurrency. However, I never filed a corporate tax return before. Thus I want to learn. It should not be hard since I think it's just investment income through a corporation.

Specifics:
Started in 2017.
Filing for 2017 in Canada. (They are late)
No financial statements
Recorded accounting on Excel
1 owner corporation. Holding fund holds this business as a subsidiary. (will file taxes for the holding company if it's simple)

How to minimize liability? Is it easy to file?

08-20-2018, 03:41 PM	#115
Gerbs OMGWTFBBQ is a common word I say everyday Join Date: Nov 2010 Location: / Posts: 5,447 Thanked 3,201 Times in 1,265 Posts Failed 264 Times in 80 Posts Member's Picture Albums	I've been approached by a friend who runs a company that wants to report day trading gains on their cryptocurrency. However, I never filed a corporate tax return before. Thus I want to learn. It should not be hard since I think it's just investment income through a corporation. Specifics: Started in 2017. Filing for 2017 in Canada. (They are late) No financial statements Recorded accounting on Excel 1 owner corporation. Holding fund holds this business as a subsidiary. (will file taxes for the holding company if it's simple) How to minimize liability? Is it easy to file? __________________ 2022 Velo N 2005 S2000 2007 CSX Type-S [Sold] 2002 RSX-S [T-Boned]