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Old 04-17-2017, 10:53 AM   #81
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Once again, another happy customer of Klassen Tax Services. My tax scenario being what it is given my home office, education, and travel expenses, Locke's expertise provides considerable value in identifying potential areas for savings. He's very fairly priced, and he's quick, too.

A++, will be back next year. And his logo is pretty sweet.
My logo is pretty sweet. Cant argue with that.
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Old 04-17-2017, 06:41 PM   #82
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Thanks Locke. Dude is fast and efficient, did 2 years worth of taxes for me and my wife and helped me out with some of the tricky stuff I thought I would have problems with.
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Old 05-02-2017, 07:09 AM   #83
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Old 05-02-2017, 08:05 AM   #84
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Not literally though. I'm still open all year.
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Old 08-30-2017, 03:28 PM   #85
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Curious to hear what your opinion(s) is/are on the proposed changes to corporate taxation? Does this reduce the allure of incorporating in some situations?

Does it sound like these changes are a sure thing, or is it still just something being considered?
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Old 08-30-2017, 03:57 PM   #86
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Curious to hear what your opinion(s) is/are on the proposed changes to corporate taxation? Does this reduce the allure of incorporating in some situations?

Does it sound like these changes are a sure thing, or is it still just something being considered?
Theres a few proposed changes, is there one specifically I can address for you?

Because yes, the entire idea of most of them is to disincentivize business owners to keep money within their companies, but it depends on the specifics.

'Income Sprinkling' has been something that has been targeted for a while now and Personal Service Business Classifications regulations have been in the plans for nearly a decade without much action.
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Old 08-30-2017, 04:16 PM   #87
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I guess I'm just curious as to how it will impact decisions on incorporating vs. sole prop. I imagine it will still be a case-by-case thing, but to me, it seems like it makes incorporation less attractive.
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Old 09-02-2017, 11:51 AM   #88
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I guess I'm just curious as to how it will impact decisions on incorporating vs. sole prop. I imagine it will still be a case-by-case thing, but to me, it seems like it makes incorporation less attractive.
As with all things Accounting: It Depends.

Overall for an average business, yes, it does appear that some of the incentives for being incorporated are being repealed if not removed entirely, especially with consideration of costs and the benefits of being able to smooth income.

Some industries are likely to be affected more than others and they really have to be evaluated on a case by case basis.

I think the thing that concerns me is that, typically with Tax Policies when they take something away in one area they tend to give something somewhere else, but in the past couple years both in Personal and Corporate Tax Policy it has been fairly one-sided.
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