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Koroll & Company Blog

Allen Koroll

Allen Koroll

Recent Posts

It’s Not Too Late to be Reimbursed for Employee Sick Days

[fa icon="calendar'] Dec 16, 2021 4:40:40 PM / by Allen Koroll posted in Corporate, COVID-19 Updates

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Earlier this year we shared that the Employment Standards Act (ESA) was providing eligible employees with up to three days paid leave for infectious disease emergency leave (IDEL) related to COVID. 

This paid leave started retroactively on April 19, 2021 and will continue until December 31, 2021. Paid IDEL is available for the following reasons:

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4 Important Tax Rules for Holiday Parties And Gift Giving In 2021

[fa icon="calendar'] Dec 1, 2021 12:59:13 PM / by Allen Koroll posted in Tax Tips

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With COVID restrictions being lifted and capacity limits increasing at restaurants, bars and other food and drink establishments, many businesses may be reconsidering their holiday celebrations with staff this year. 

But before you start planning, remember these four important business tax rules for holiday parties and gift giving in Ontario:

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Don’t Wait to File! COVID Benefit Programs are Coming to an End

[fa icon="calendar'] Nov 16, 2021 1:04:06 PM / by Allen Koroll posted in Corporate, CRA, Small Business

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Since 2020 the Canadian government has been helping business owners across Canada with benefit programs to help cover fixed costs during lockdowns, as well as to boost rehiring as the country begins to reopen.

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Get Access to Your Business on the Ontario Business Registry

[fa icon="calendar'] Nov 11, 2021 1:21:33 PM / by Allen Koroll posted in Small Business

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The Government of Ontario has launched a new online program to help make managing your business and non-profit corporation easier. This program is the Ontario Business Registry and it will allow you to do over 90 transactions online.

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What Is The Difference Between CEWS and CRHP?

[fa icon="calendar'] Oct 28, 2021 12:44:00 PM / by Allen Koroll posted in Tax Tips

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When filing for your most recent wage subsidies you may have noticed that there are now two sources of funding – the previous Canadian Emergency Wage Subsidy (CEWS) and the new Canada Recovery Hiring Program (CRHP). So, which is best for your business?

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Should You Incorporate Your Business?

[fa icon="calendar'] Oct 26, 2021 7:30:00 AM / by Allen Koroll posted in Education, Small Business

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When you start a small business in Canada, you have the option to structure your business in one of three ways. You can be a sole proprietor, enter into a partnership or run a corporation by incorporating your business. 

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Which Sales Tax Do I Charge When Selling Out of Province?

[fa icon="calendar'] Oct 4, 2021 8:57:14 AM / by Allen Koroll posted in Corporate, Tax Tips

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If you have set up shop in Ontario and only sell to customers in Ontario, sales tax is straightforward. But what happens when you start shipping goods to other provinces that have different rates of HST or use GST and PST instead? Your business tax starts to become more complex!

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How To Access EI If You’re Self Employed

[fa icon="calendar'] Sep 23, 2021 9:30:00 AM / by Allen Koroll posted in Tax Tips

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When an employee gets paid, deductions are taken at the source and remitted to the government. This includes CPP contributions that entitle them to the Canada Pension Plan in their senior years, income tax, and Employment Insurance (EI). 

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