Compliance

Choosing a tax advantageous fiscal year end for your company

By Webmaster|2017-01-02T20:23:17-07:00January 7th, 2013|Business Management, Corporate Taxation, Personal Taxation|

If you have just incorporated, a fact you may not be aware of is that you can choose when your fiscal year ends. A lot of companies choose a December 31st year end without really thinking about some of the advantages that choosing an alternative fiscal year end can bring. For tax planning purposes, hands down, choosing a fiscal year end between July 1st and December 31st is the best fiscal year end you could choose. Your tax planning options [...]

As a small business owner, should you pay yourself a salary or dividends out of your company?

By Webmaster|2017-01-02T20:23:17-07:00December 21st, 2012|Business Management, Corporate Taxation, Payroll and Taxable Benefits, Personal Taxation|

In Canada, many small business owners don't realize that they have some options in terms of the type of remuneration they can receive from their company. Each type of remuneration has its advantages as well as disadvantages. Due to the unique circumstances of each business there is never a right answer as to which type of remuneration is best. To you the owner, the type of remuneration you would like to receive depends on your short and long term goals [...]

Advantages and Disadvantages of Incorporating Your Business

By Webmaster|2017-01-02T20:23:17-07:00November 9th, 2012|Accounting, Corporate Taxation, Personal Taxation|

One of the most common questions that the small business owner has is whether they should incorporate their business. It is question that is difficult to answer as it depends on your individual needs, financial capacity, and the size of your company. The following are some of the advantages and disadvantages to incorporating your business. ADVANTAGES 1. Tax Deferrals & Access to the Small Business Deduction Arguably the best reason to incorporate is because of the tax deferrals it brings. [...]

Compliance

January 7, 2013

Choosing a tax advantageous fiscal year end for your company

December 21, 2012

As a small business owner, should you pay yourself a salary or dividends out of your company?

November 9, 2012

Advantages and Disadvantages of Incorporating Your Business