Personal Income Tax – Year End Tax Tips

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Happy Holidays!

I would like to take this opportunity to thank you for letting me serve your accounting and tax needs. I look forward to working with you for a prosperous 2012.

This blog discusses Year End Tax Tips. While minimizing taxes is important, the year end tax tips should not take your attention away from making sound economic decisions with your financial planner when it comes to investment strategy.

 

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Small Business Needs – Salary or Dividends or Both?

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If you are a small business owner and you have a corporation, you can compensate yourself with a salary from your corporation, a dividend, or both. This blog uses a decision tree to help you with this.
Small Business Needs – Salary or Dividends or Both?

 Decision Tree for Compensating Yourself from Your Corporation

If your corporation’s income exceeds $500,000, then you should pay yourself a salary or what [...] Continue Reading…

Personal Income Tax – Family Cottage Transfer

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Welcome to my blog! The old format of my newsletters discussing both Small Business Needs and Personal Income Tax will now each be posted as an alternating new blog to my website periodically. As promised in my last newsletter, I was going to discuss planning for the succession of the family cottage and tax implications, and my first blog uses a decision tree to help you with [...] Continue Reading…