Corporate Taxation
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©
2011 Herin Holdings Limited carrying on business as Dewar McCarthy and Company Accountants
DEWARMCCARTHY.COM
ACCOUNTANTS
Dewar McCarthy
& Company
It’s well known that we are great advocates for incorporation* no
matter how small or large your business is. Besides the protection a
Corporation provides it helps to separate your personal affairs from
those of your business.
One of the strongest arguments against incorporation is cost.
Contrary to popular belief its not more expensive to account,
administer and provide bookkeeping service to a Corporation. The
same number of transactions must be processed.
Incorporating provides you with options especially when it comes to
effectively
managing your tax
affairs. Our role is
to clearly describe
your options to you
and to help you
make the correct
business and life
decisions.
Take advantage of the benefits provided by incorporating your
business and, in time, pass-on your business to the next generation
with minimal fuss or if your goal is to sell, then take advantage of the
capital gains tax breaks.
We can help you minimize your corporate income taxes. We have the
knowledge and the tools to help you plan an effective tax strategy.
Our goal is to minimize your corporate taxes. With over 25 years of
working in this area, we have the ability to accomplish this!
All start-up, micro, small or medium size business that are trading
as sole proprietors should consider the advantages of Incorporating
their business.
Please seek professional advice when:
•
your business is growing
•
your business is trading profitably
•
you are considering employing family members in your
business
•
you decide to sell your business or transfer it to a family
member
•
your business buys another business
•
your business buys land and buildings
•
your business sells a significant asset
•
your business expands internationally
All of the above have tax implications.
Our overall objective is to structure a business to minimize its
income tax now and in the future.
* = Currently the time line for incorporation is approximately 7
working days and it costs approximately $750 to incorporate (less if
you do it yourself)