For business owners in British Columbia, the trend of remunerating shareholders with dividends instead of salaries and/or management bonuses has been going on for years. The low corporate tax rate of 13.5% on the first $500,000 of corporate profits in conjunction with total CPP premiums of $4,712 on the first $51,100 of salary paid to each shareholder/manager created a strong tax planning argument to take dividends instead of salary. Currently, with discussion in Ottawa to further expand the ... Read More
Archives for November 2013
Selecting the right accounting software for your small business seems like a daunting task but it really isn't. This is because there is one software that is far superior even to the second best-in-its-class competitor. Also, 99 percent of all Vancouver professional accountants servicing small businesses use and recommend this software - Quickbooks (“QB”) or Cloud-based Quickbooks (“QBO”).
Why is Quickbooks so great? The list can go on and on but here are the top ten reasons:1) ... Read More
Google has recently endorsed us with a custom url for our Google Plus page. No more long URLs! Here`s our new URL address at google.com/+MewCompanyCharteredAccountantsVancouver.