With new rules, new governments and new policies, the rules and regulations for small business and small to medium business corporations change all the time. At On The Money Books, we can help you make sense and keep up to date on all the rules with what deductions you have available, and what rules you have to follow when filing income taxes for your corporation. Our professionals will also help find opportunities to reduce the taxes you need to pay so you can keep your hard earned money. Our experience will help you plan your taxes and make sure you do not fall for short term solutions and set you up for long term success. These are just some of the services we can provide your corporation.
At On the Money books we can help you decide whether it is right to incorporate your small business. Incorporating your business reduces the liability on your personal finances. Your corporation will take on the liability of your business rather than you personally, but this also will mean more paperwork and less flexibility when filing your personal taxes. A corporation must file income taxes for the corporation but as a sole proprietor you can use losses in your business to reduce personal income to prevent paying more taxes. Our professionals at On The Money Books can consult with you to determine if the best financial decision for your business is to incorporating your business.