Accountants use self-balancing accounts as part of a record-keeping system that automatically generates offsetting accounting entries. The accounting process relies on balancing entries.

The new tax year is rapidly approaching in April 2025, so for the self-employed, there’s no better time than now to start getting to grips with new accounting software. While you’ll undoubtedly want ...

In Soroban Capital Partners LP v. Commissioner (T.C. Memo 2025-52), the Tax Court held that active limited partners are subject to self-employment tax under §1402 (a) ...

The tax filing deadline for most Canadians this year was April 30, but there is still a bit more time given to individuals who are self-employed or have a spouse or common-law partner who is self ...