Incorporation vs Sole Proprietorship: Make sure you consider Incorporating

Jacquie Manore — Sat, 23 Apr 2011 12:18:57 +0000

As a bookkkeeper, I see a lot of small business owners who start out as a sole proprietorship and think that that they are either too small to incorporate, or that it’s too complicated to incorporate. I always recommend that they speak to their accountant – as I feel there are a lot of advantages to incorporating. For my own company, I have seen the benefits, and have never regretted my decision to incorporate.

Recently, the following was posted on Linked In by Doug Cumpson of the Vine Group, and he’s given his permission to post it on my blog. Thank you Doug – I hope people read this and ask the questions!

Some small business owners . . . are operating a business as a Partnership/Sole-Proprietorship and are completing your taxes and find themselves caught in the CRA TAX TRAP . . . want help? Did you know . . . the tax laws have changed considerably over the years and next year small business owners will reap the best benefit . . . by getting incorporated . . . one of the Specialty Services we at Vine Group provides is Incorporation Advice and Assistance. Most people think incorporating their business is a complicated expensive undertaking, however, I will demonstrate that it actually saves you money. New remuneration strategies permit business owners to take home upto $60,000 in income with virtually no personal tax obligation. When compared to paying tax on the profits of your sole-proprietorship or the money you paid yourself from your own company the tax savings is huge . . . and over 25-30 I can show you if you invest the difference into a TSFA or RRSP you will have huge retirement savings . . . contact me at dougc@vine.on.ca for the rest of the story . . . Vine Group . . . not your typical accounting firm.

See http://www.vine.on.ca or Doug’s LinkedIn Profile: http://ca.linkedin.com/pub/doug-cumpson/11/72b/372

The Key to Getting Back on Track in Your Business

Jacquie Manore — Tue, 19 Apr 2011 22:31:50 +0000

It’s been a long time since I’ve posted, but today I want to share an event that we’re putting on for all Small Business Owners out there who need help. You keep wondering why you can’t get on top of your work, or wish you had an extra pair of hands to help with various tasks at times, or you hate to spend time on administrative/bookkeeping tasks when you want to be focusing on the main goals of your business – sales and customers!

Please join us on May 18th at the Burlington Art Centre (Burlington, Ontario) for our evening Networking/Information session about Virtual Assistants (VA’s)! We will share how VA’s can provide cost-effective, efficient assistance to help you get back on track, save money, and reduce your stress.

My clients hired me as a bookkeeper, but at the same time, they got a “right-hand man”! I not only do the books, but help with many other activities – and save them time and stress by dealing with multiple administrative headaches that come up, as required.

So if you or anyone you know want to learn more about Virtual Assistants and how they might be the Key to Getting Back on Track in Your Business, I hope that you will look at our site and if this is not for you, please forward it to any Small Business Owners you may know who might not have heard about Virtual Assistants, or have no idea the benefits and value that a VA can provide. http://ghva.ca/globalvaweek/

Have a great week, everyone!

Workload Solution Services

Incorporation vs Sole Proprietorship: Make sure you consider Incorporating

The Key to Getting Back on Track in Your Business