An accounting firm can help you with succession planning within your business. Our services will allow your business to embrace change so that it can become stronger. Succession planning is strategic planning. By addressing what comes next, your business can plan accordingly and make the right decisions now! One of the main reasons a company…
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If you are a small business owner, you have likely wondered how you should get paid from your corporations, and the two most common ways are through a salary or dividend. In some cases, it can also be a mix of both, so you have to understand this information to determine which option is best…
Professional corporations are popular in accounting, medicine, and law, and the tax benefits are limited compared to other incorporated businesses because of the regulatory requirement of shareholding. One of the main benefits of using corporate structures is the lower corporate income tax rate, which is an attractive feature that Canadian Controlled Private Corporations (CCPC) can…
Automobile expenses is one of the highly audited expense items by Canada Revenue Agency (CRA). If you use your personal vehicle for business use or use car owned by your business for personal use, watch out of the issues below. CRA will deny non-allowable automobile expenses, including leases, operating expenses and depreciation. 3 general expense…
The Government of Ontario has deemed the work CPAs do to be an essential service during this COVID-19 pandemic. We will continue to support you just as you are supporting your own friends and family. At Oasis LLP our commitment is to protect the public interest and understanding while keeping you informed of everything the…