Corporate year-end & taxManufacturing
Manufacturing machinery bought now can be written off 100% in the first year. That's a big opportunity, but claiming it all isn't always smart, and selling old equipment can bring the tax back. Here's how it works, with examples.
Corporate year-end & taxManufacturing
In a family-run manufacturer, paying a spouse, son or daughter can make sense. But dividends to family members are caught by the tax on split income rules unless an exception applies. Here's how salary, dividends and TOSI work, with a family example.
Corporate year-end & taxTrucking & transportation
Incorporating can cut an owner-operator's tax while they build up money in the business. It also adds cost and paperwork, and for drivers who work for just one carrier it can backfire badly. Here's how to tell which side of the line you're on.