Tax planning essential for business success

published by Asianpost on Sat, 02/16/2013 - 16:13

For anyone who has ever taken the plunge and decided to run their own business, the early years can become seared into their memories.

The strains of finding employees, raising cash flow, and of course winning the client base to ensure the business survives - nevermind thrives – all are well documented in business courses and textbooks.

But only someone who has walked that path truly knows what can only be called ‘The Struggle’.

Yet despite all these hard lessons that should lead to owners/entrepreneurs to be uber-prudent about finances, many fail to set up tax plans.

The result is bleeding: hard-won revenue that could be serving your business spills out as unnecessary expenditure.

Mew & Company is a Vancouver based Chartered Accountant Firm that specializes in helping businesses and corporations plan their tax strategies for the future.

The downtown accounting firm has over 15 years of experience including: payroll tax, capital gains tax, tax free rollovers into Canadian corporations, succession planning, and personal and corporate tax preparations.

The firm’s industry expertise includes retail, restaurants, manufacturing, real estate, incorporated professionals and the service industry.

For more information on Mew & Company, go to www.mewco.ca.