How do you prepare for year end?
Most owners review their numbers after the year closes. By then, every financial decision is locked into history.
Taking forty minutes in the fall to review corporate expenses, equipment purchases, and salary splits changes the outcome. You get to decide where your profit goes instead of writing an unnecessary cheque to the CRA.
Over twenty-five years of working with business owners across Ontario, we see the same pattern. The companies that keep the most cash simply plan their corporate filings before December arrives.
Do you look at your tax strategy before year-end, or do you handle everything during spring filing season?
