Are Accountants Critical To Your Business Success?
Sage, the leading supplier of business management software, recently released a survey to determine the opinions of small businesses on outside accounting services. Over 450 small business owners in the US and Canada were surveyed and were able to provide extremely valuable insight for every small business owner.
Accountant Usage
Over 60% of the companies surveyed are currently using outside accounting services and 90% of them say it’s absolutely critical to the success of their business. Being an accountant myself, my opinion is somewhat biased but I have always fundamentally believed this to be true and it’s part of… Continue reading
Posted in Accounting, Taxes and Finance | 
BDO Canada, Chartered Accountant, Kelowna Accountant, Kelowna accountants, Kelowna accounting firm, Kelowna business, Kelowna businesses, Ken Davidson, outside accounting services, small business owners, Strategic business review, survey conducted by sage, when your business gets audited by the CRA, yellow pages | Leave a commentThe Dirty Truth About RRSP Contributions For Business Owners
Kelowna accountant, Ken Davidson, gives advice on RRSP contributions for business owners.
I generally don’t recommend RRSP contributions for business owners because of the restrictions in the investments that can be made within an RRSP and that the minimum amounts that have to be withdrawn in retirement are out of your control. What I recommend for business owners is to have a holding company for their investments and they can hold the exact same investments that they hold in their RRSPs, if that’s what they want to invest in.
The business owners do not have to withdraw cash from… Continue reading
Posted in Accounting, Taxes and Finance | BDO Canada, canadian pension plan, Chartered Accountant, cpp, cpp contributions, david sung, Kelowna Accountant, Kelowna accountants, Kelowna accounting firm, Kelowna business, Kelowna businesses, Ken Davidson, nicola wealth management, no rrsp strategy, rrsp, rrsp contributions for business owners, rrsps for business owners, small business owners, Strategic business review, tax act, tax free dividends, vancouver sun | 1 Comment
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