{"id":2843,"date":"2019-10-24T10:49:23","date_gmt":"2019-10-24T14:49:23","guid":{"rendered":"https:\/\/rpigroup.ca\/blog\/?p=2843"},"modified":"2019-11-05T16:01:27","modified_gmt":"2019-11-05T21:01:27","slug":"i-have-incorporated-to-bill-for-my-relief-pharmacy-services-what-items-can-i-write-off-as-expenses","status":"publish","type":"post","link":"https:\/\/rpigroup.ca\/blog\/blog\/i-have-incorporated-to-bill-for-my-relief-pharmacy-services-what-items-can-i-write-off-as-expenses\/","title":{"rendered":"&#8220;I Have Incorporated. To Bill for My Relief Pharmacy Services, What Items Can I Write Off As Expenses?&#8221;"},"content":{"rendered":"<h3 id=\"we-can-pay-you-as-an-individual-or-a-corporation-find-out-about-the-latter-in-this-article\"><span style=\"color: #000000;\">We can pay you as an individual or a corporation. Find out about the latter in this article.<\/span><\/h3>\n<p><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"aligncenter size-large wp-image-2905\" src=\"https:\/\/rpigroup.ca\/blog\/wp-content\/uploads\/2019\/10\/tax-1103675_1280-1024x768.jpg\" alt=\"\" width=\"1024\" height=\"768\" \/><br \/>\n<\/span><\/p>\n<h4 id=\"billing-with-a-business-name-or-your-legal-name\"><span style=\"color: #000000;\">Billing With a Business Name or Your Legal Name<\/span><\/h4>\n<p><span style=\"color: #000000;\">Any one of our independent contractors has the ability to bill us under their corporation and legal business name, as a mechanism to save on costs related to temporary or relief work. If you choose not to use a business name, we\u2019ll be happy to process your cheque as a sole proprietor and have it issued under your legal name. However, operating as an independent contractor with a corporation comes with a number of benefits which I will go into further detail to explain.<\/span><\/p>\n<h4 id=\"offset-your-expenses\"><span style=\"color: #000000;\">Offset Your Expenses<\/span><\/h4>\n<p><span style=\"color: #000000;\">Those who choose to do work as contractors are given the ability to offset expenses that might be accumulated during the course of the year. For employees who have a direct relationship with their employers, this benefit doesn\u2019t exist. Therefore, any cost, even maintaining the lab coat you wear to work, can be used to contribute and offset your income taxes during tax season.<\/span><\/p>\n<p><span style=\"color: #000000;\">There are plenty of relatable expenses that an independent contractor can incur from doing business. Anything from the smallest tools related to your business, to fuelling and operating your vehicle can be used to offset the income taxes you pay at the end of the year. For those interested in taking this course of action, you can be sure to bring up this idea with your financial institution or advisor to see if this is a recommended course of action you should take. If you do decide to claim expenses, it&#8217;s vital that you keep all of your receipts. These receipts are proof of your expenses, should you ever be audited by Canada Revenue Agency.<\/span><\/p>\n<div class=\"cs-embed cs-embed-responsive\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"H6lIv7J0Xv\"><p><a href=\"https:\/\/rpigroup.ca\/blog\/blog\/should-i-charge-gst-hst-for-my-relief-pharmacy-services-when-i-work-through-rpi\/\">Should I Charge GST\/HST for My Relief Pharmacy Services When I Work Through RPI?<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Should I Charge GST\/HST for My Relief Pharmacy Services When I Work Through RPI?&#8221; &#8212; RPI Consulting Group Inc.\" src=\"https:\/\/rpigroup.ca\/blog\/blog\/should-i-charge-gst-hst-for-my-relief-pharmacy-services-when-i-work-through-rpi\/embed\/#?secret=H6lIv7J0Xv\" data-secret=\"H6lIv7J0Xv\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/div>\n<h4 id=\"should-you-register-your-business\"><span style=\"color: #000000;\">Should You Register Your Business?<\/span><\/h4>\n<p><span style=\"color: #000000;\">For those who are interested in securing full time employment but choose to do temporary work in the meantime, establishing a business name might not be in your best interest if you don\u2019t end up taking full advantage of its benefits. Establishing a business does come with its costs, so it\u2019s up to you to weigh the benefits and see if its your best option while working with us!<\/span><\/p>\n<h4 id=\"written-by-mark-hojsan-markrpigroup-ca\"><span style=\"color: #000000;\">Written by Mark Hojsan ( mark@rpigroup.ca )<\/span><\/h4>\n<h4 id=\"1-866-505-3383-ext-320\"><span style=\"color: #000000;\">1 866 505 3383 (ext. 320)<\/span><\/h4>\n<h4 id=\"416-850-9809-ext-320\"><span style=\"color: #000000;\">416-850-9809 (ext. 320)<\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"We can pay you as an individual or a corporation. Find out about the latter in this article.&hellip;\n","protected":false},"author":8,"featured_media":2905,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/posts\/2843"}],"collection":[{"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/comments?post=2843"}],"version-history":[{"count":4,"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/posts\/2843\/revisions"}],"predecessor-version":[{"id":3182,"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/posts\/2843\/revisions\/3182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/media\/2905"}],"wp:attachment":[{"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/media?parent=2843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/categories?post=2843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/tags?post=2843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}