Let's talk about compensation opportunities for business owners within a corporation. As a business owner, you have two options: you can take a salary or a dividend. A salary is essentially compensation for an employee, such as wages, an hourly...
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Let's talk about deferring taxable income and how we can approach this for you, your family, and your business. Deferring income means pushing the...
Let's talk about creating a budget for small businesses. I'm going to take a step back here and just say that if I had to give advice for the number...
Let's talk about accelerating tax deductions. This is probably one of the most popular questions that I get asked: "Bob, what can I spend money on...
So, here are some basic bookkeeping terms that you need to understand.
You remember the feeling when you first opened your small business, right? That sense of purpose, the thrill of new beginnings, the hope of financial...
What is incorporation? Well, let me explain. Incorporation can be your best friend as it creates a separate legal entity. If you, as an individual,...
Let's discuss the difference between a will and a trust, including a trust fund. Many people search for and seek information on this topic because...
So, we want to understand how to set up a trust or what it means when we think of a trust. Sometimes, it's a trust fund where we have beneficiaries...
Incorporating your business is one of the most strategic moves you can make as an entrepreneur. While the tax advantages often steal the spotlight,...
