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Tax Articles & Helpful Information

  • I’m A Doctor – Should I Incorporate?

    By: Jonathan Sears

    Hello everybody. I am Jonathan Sears from Sears Chartered Accountants. The topic today is I am a doctor. Should I incorporate?. It seems to be making more and more sense for doctors to incorporate. There are still a few doctors that it doesn’t make sense for, and I’ll tell you why it doesn’t make sense […]

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  • Should I Buy or Lease a Vehicle?

    By: Jonathan Sears

    Hi Everybody, I am Jonathan Sears from Sears Chartered Accountants. Thanks for watching my video today. Topic today is going to be should I buy or lease my vehicle. And if I have a corporation should I have them within the corporation or should I hold them outside of the corporation. It’s not a difficult […]

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  • The Difference between a compiliation, review and audit

    By: Jonathan Sears

    Hi Everybody, I am Jonathan Sears from Sears Chartered Accountants. Today we are going to talk about the difference between a compilation, a review and an audit. Very often, I get the question, which one do I need. Or briefly explain the three of them and discuss in general which one most people go with. […]

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  • Should I Incorporate – Income Splitting

    By: Jonathan Sears

    Transcript: Hi everybody. I am Jonathan Sears from Sears Chartered Accountants. We have been talking about the reasons to incorporate. So far we talked about credit approving, and we talked about tax deferral and now we talk about income splitting which to me is the biggest advantage of incorporating. Income splitting is basically an opportunity […]

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  • Should I Incorporate? Tax Deferral

    By: Jonathan Sears

    Transcript: The next reason I consider incorporating is tax deferral. Generally people who are making large income about let’s say $150,000 dollars or more are looking at a marginal tax rate of 40%. 40% is quite a lot of tax. If it is within the incorporation that this money is being earned it comes down […]

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  • Should I Incorporate? Limiting Liability & Protecting Your Assets

    By: Jonathan Sears

    Hi everybody. I am Jonathan Sears from Sears Chartered Accountants. So right now we are talking about point number 1 about why you should potentially incorporate. Point number 1 is limiting your liability and protecting your assets your personal assets more specifically. What an incorporation allows you to do is separate your business from your […]

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  • Should I Incorporate?

    By: Jonathan Sears

    Transcript: Hello. I am Jonathan Sears. I work for a Chartered Accountancy firm called Sears Chartered Accountants and topic number one is Should I Incorporate? Should I incorporate is not an easy question. All the facts have to be considered very carefully. The most important fact is first of all, would you be considered as […]

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  • The Show Must Go On

    By: Jonathan Sears

    When travelling, keep your presentation material with you at all times. Travelling to meet a client, set up a training course or establish a new business presents the risk of lost luggage and equipment at any time of year. But the greater volume of travellers and longer wait times during the winter holiday season increase […]

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  • A Guide for Start-Ups

    By: Jonathan Sears

    When starting your own business, be cautious. The last 30 years have seen some tough times: 20% interest rates in the early 80s, recession in the early 90s, and a near collapse of the financial system in 2008. Those who survived financially will probably make it through the current economic struggle because they have learned […]

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  • Year-End Tax Issues

    By: Jonathan Sears

    Check your portfolio; you may not have to pay as much capital gains tax as you thought. As the year end approaches owner-managers can find themselves faced with difficult choices in order to keep the tax liabilities of their businesses, themselves and their families to a minimum. Three important areas are capital losses, pre-tax remuneration […]

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