As a business owner, you have many different options for being compensated for your efforts and investment risk incurred.
Such options include, but are not limited to, salary, dividends and other taxable benefits. Not only do business owners need to determine which method is best for their individual purposes, it is imperative that such compensation plans be assessed for any change in circumstance and also be updated to address changes in legislation. At Gauvreau & Associates we work closely with our clients to ensure that remuneration is set up in a way that creates the most available after tax cash in the pockets of the owners. On an annual basis we review such compensation plans with the business owner to ensure we continually take advantage of the best compensation plan available for the business owner’s unique circumstances.