Tax
4 minute read
Should I pay myself dividends or salaries from my private company?
This is an issue we help business owners with all the time at Achen Henderson, and in most cases, the arguments one way or another are the same. In this 3 part series, I hope to demystify the issue of Dividends vs. Salaries for the average owner/manager.
Community
We’re donating 100% of your basic Personal Tax Preparation Fee to Calgary Food Bank, and our good friends at Jan-Pro Calgary are matching the donation! Life in Alberta is tough right now… but we all still have to pay our taxes! This year, when you file with Achen Henderson you’re donating hundreds to the Calgary Food Bank.
Community
Updated May 19, 2020
The Department of Finance passed Bill C-14 this Easter weekend and released this website regarding the 75% Canadian Emergency Wage Subsidy (CEWS).
Tax
If you own a private corporation that generates more cash than you need to operate your business, and more than you need to fund your living expenses, this investment strategy may be for you. Often, company owners will pay themselves less to ‘save on taxes’ and then invest the residual cash within their companies. That isn’t always the best strategy.
Tax
It’s almost time to file your 2019 taxes.
One month into the New Year, and we’re wondering… how have you reflected and learned from the previous one… the good, the bad, and the ugly. Reflecting on all aspects of your business will help you identify areas for improvement and set realistic goals for 2020. This is a good time to get up-to-date on anything that may have taken a backseat, to clean-up, clean-house, re-energize, and re-focus.