Author: Fatima Aslam

The Internal Revenue Service (IRS) has extended the deadline to file Individual income tax returns for 2020 in the U.S. The new deadline is now May 17, 2021 (the usual deadline is April 15 every year). Deadline is extended for both filing and payment of taxes, and applicable to individual taxpayers only. This includes the individuals who pay self-employment taxes as well. There is no...

Tax season is in full swing! Millions of Canadians and Residents are looking to file their taxes. Traditionally, taxpayers with simple tax situations tend to visit drop-off locations of various tax service providers. With Covid-19, many individual income tax preparers are offering online/remote services. Along with tax preparers and tax professionals, fraudsters and cybercriminals are working...

Cryptocurrency is the buzzword of 2021. If you’re an investor, not a single day goes by without a headline about bitcoin popping up in the newspaper, a tweet about cryptocurrency going viral, or your investor friends singing the praises of blockchain technology. It is hard not to get involved, and it is never too late to learn. Know about basic ideas and concepts behind cryptocurrency here. If...

The Internal Revenue Service (IRS) issues an Individual Taxpayer Identification Number (ITIN) for federal tax purposes. If you have the U.S. tax filing requirement and do not have a Social Security Number (SSN), you need an ITIN to file your income tax return. The IRS does not issue ITIN to whoever applies for it. There are strict rules and processes to be followed for the ITIN to be issued....

Canada Emergency Business Account (aka CEBA) has been the most talked-about government support program for small businesses. Since its launch, it has helped many small businesses with the liquidity pressures faced during the pandemic. Many small businesses find the ease of access and a waiver of $10,000 out of $40,000 principle amount very attractive features. Unfortunately, CEBA comes with...

Pitching is about hitting the bull’s eye to get that ‘YES’ from investors. But it’s not that simple! Did you know 90% of start-ups fail? Yes, and, it’s the percentage of pitches that fail more. Avoiding common pitfalls while preparing your pitch deck can save plenty of things right off the bat. Coming up with a killer pitch deck is imperative to secure the right...

For a while, Silicon Valley in the United States has been a Research and Development hub in the world. Well, that may change soon. According to the 2019 global technology innovation report, the US and China grab the topmost place in the list of emerging research and development hubs. 58% of respondents to the survey conducted by the KPMG thought that silicon will not be the innovation centre...

10 Reasons to Invest in Canada Planning to start a business or looking to expand internationally? Well, Canada is the place for you. Investing in Canada offers plenty of opportunities in terms of everything right from the urban infrastructure to political stability. Did you know that Canada has the soundest banking system among G7 countries and also ranks sixth among 141 countries? Also, for...

Wondering how to incorporate your business in Canada? Let’s find out the general steps involved to set up a corporation in Canada. 1. Decide if you need to incorporate your business? A lot of times people just go and incorporate their business without carefully considering multiple factors. Incorporating the business is one of many legal forms of doing business. You do have the option of...

An executive summary is a must for your business plan. In fact, it’s what your business plan begins with, capturing the essence of your business concisely. It highlights the main points of your business plan and includes key objectives and purposes. Getting your executive summary right is crucial. The summary should make investors curious to know more about your business. However, the...