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Specialties

/Specialties
Specialties 2017-08-03T09:40:53+00:00

Overview

The following are areas of practice where we have developed a specialty and reputation for our knowledge and experience.

  • New business start-ups
  • Owner-manager and family owned businesses
  • Home builders, construction, real estate developers and related trades
  • Professional consultants
  • Professionals such as doctors, dentists, optometrists, lawyers, veterinarians
  • Investment holding companies
  • Automotive service and sales
  • Business executives and high net worth individuals
  • Estate and succession planning including corporate reorganizations

Business Start-ups

Our experience has been that most new businesses get off on the wrong foot because of failure to be properly informed about all the issues. We can save you a lot of time and trouble by pointing you in the right direction with sound and comprehensive advice that is easy to understand.

If you are starting a new business, whether it is a sole proprietorship or a corporation, feel free to call us. Whether you need help with a business plan or projected financial statements, Tax Partners has the resources to set you in the right direction. You’ll appreciate how our knowledge and experience can help you make better decisions about your business.

Owner-Managed and Family Owned Businesses

We have a great deal of experience working with owner-managed and family owned businesses. It is the core of our business and is what we know best.

We have had working experience in industry as financial controllers and managers. We understand the view from your side of the desk because we have been there. Not all accountants in public practice can boast that.

We can help you by creating strategies such as income splitting. If you have family members with a lower income than yours, you may be able to share some of your income with them and put your whole family in a lower tax bracket.

Because of our experience, we are able to understand that there is more to business than just numbers. So if you need help beyond the balance sheet and profit and loss statement, we can help. We can assist you with acquiring financing, negotiating for the purchase or sale of a business, the decision to lease or buy, with personnel and human resource related issues or installing a new information system.

Our experience and thoughtful advice will help you make the right decisions that matter most about your business.

IT Consultants

If you are an independent contractor working in the high technology field, there are a number of issues you should be aware of particularly in the area of your status within an organization. We have developed a memorandum entitled Independent Contractor Status that will help you understand the differences between being employed and self-employed. Get it right at the start and avoid the nasty consequences of getting it wrong.

For more information you can also visit the Canada Revenue Agency’s Guide: Employed or Self-Employed? at: http://www.cra-arc.gc.ca/E/pub/tg/rc4110/rc4110-08e.pdf

Commercial and Residential Construction

If you are in the business of new home construction, commercial building and development, home renovation, or any of the many supporting trades then we can help you sort out and understand the unique complexities of your business.

We understand what makes your business successful and how hard you work to earn a profit. We know that tax compliance and financial reporting can be a source of complexity and frustration and will minimize that as much as possible. We also understand finance and leveraging so that you can maximize your potential without over extending and putting too much at risk.

Please call us to discuss how we can use our business perspective and insight gained through many years of experience to provide you with valuable advice

Professionals – Doctors, Dentists, Optometrists, Lawyers, Veterinarians, Chiropractors, etc.

If you are a specialized professional you need to know about unique and special tax rules that apply to you. Do you understand the new incorporation rules? Do you know they are not automatically beneficial to everyone in practice? We can explain them to you in a way that you can understand and help you determine if there are any special tax rules that can be applied to your specific business to help it prosper.

Tax Partners specializes in Medical Professional Corporations.

Please see the resources below:

Helping doctors/physicians pay less taxes
Tax Tips for Medical Professionals

Investment Holding Companies

Are you self-employed and accumulating surplus assets in your company or in your own name (i.e. personally)? Managing wealth within a corporate environment can provide significant tax benefits and we understand these rules and how to use them to your advantage. We can help you structure a tax efficient ownership structure for your accumulating assets.

Please call us to discuss how we can use our business perspective and insight gained through many years of experience to provide you with valuable advice.

Automotive and Recreational Sales and Service

We understand and have experience with the automotive industry and the recreational (big toys) industry — from new and used car sales and service to general service and repair including big toys such as boats and snow mobiles. We also have experience with after-market and custom automotive services. We can help you with your growth decisions such as leasing and purchasing new equipment, business expansion, purchasing a new building, or adding to existing one.

Please call us to discuss how we can use our business perspective and insight gained through many years of experience to provide you with valuable advice.