Planning for the Surviving Spouse: Financial Considerations for Retirement
When planning for retirement, it's important to consider how finances will be managed if one spouse outlives the other.
Preparing for Retirement: Tax Planning Strategies for BC Business Owners
For business owners in British Columbia, retirement represents not only a time to relax and enjoy the fruits of your labor but also a critical period for ensuring your financial security. Proper retirement planning, especially from a tax perspective, can make a significant difference in how much of your hard-earned wealth you can retain. As […]
Top Payroll Mistakes BC Businesses Make and How to Avoid Them
Running a business in British Columbia comes with its fair share of responsibilities, and payroll management is one of the most critical aspects. Errors in payroll can lead to costly penalties, dissatisfied employees, and even legal issues. As a business owner, avoiding these mistakes is essential to maintaining compliance with provincial and federal regulations, keeping […]
Securing the Future: Why Diversification is Key for Intergenerational Family Wealth
In the world of business and finance, diversification stands as a cornerstone for securing intergenerational family wealth. For family-owned businesses, particularly in the farming and agricultural sectors, diversification is not just a strategy but a necessity to ensure resilience against market fluctuations, economic downturns, and sector-specific challenges. At Dhanda & Co., we emphasize the importance […]
Navigating New Capital Gains Taxes in Canada: Strategic Tax Planning for Family Offices
Strategic Tax Planning for Family Offices New capital gains tax policies in Canada necessitate strategic adjustments for family offices, potentially impacting investment decisions and economic outcomes. As an Abbotsford-based CPA firm specializing in tax advisory services, we’ve prepared a comprehensive summary of the new capital gains tax regulations in Canada, which are particularly relevant to […]
Strategic Financial Planning for BC Entrepreneurs: Building a Solid Foundation for Success
At Dhanda & Co., we understand that strategic financial planning is essential for BC entrepreneurs to build a solid foundation for success. From budgeting and cash flow management to investment strategies and tax planning, strategic financial planning empowers entrepreneurs to make informed decisions that drive long-term growth and profitability. In this article, we’ll provide guidance […]
Staying Ahead of the Curve: BC’s Ever-evolving Business Tax Landscape
At Dhanda & Co., we understand that navigating the ever-evolving tax landscape is crucial for businesses in British Columbia. With frequent updates and changes to tax laws and regulations, staying informed and adapting accordingly is essential to ensure compliance and minimize tax liabilities. In this article, we’ll explore recent updates and changes to business tax […]
Choosing the Right Corporate Structure for Your BC Business: A Comprehensive Guide
As a leading CPA firm serving businesses in British Columbia, Dhanda & Co. understands the significance of selecting the right corporate structure. Your choice of corporate structure can have far-reaching implications for your business, affecting everything from taxes to liability and operational flexibility. In this comprehensive guide, we’ll explore the various corporate structures available in […]
Unlocking Tax-Saving Strategies: Maximizing Deductions for BC Businesses
As a trusted advisor to businesses across British Columbia, we understand the importance of maximizing tax savings while ensuring compliance with the province’s tax laws. One of the most effective ways for BC businesses to optimize their tax positions is by leveraging eligible deductions, credits, and incentives available to them. In this article, we’ll delve […]
Navigating BC’s Tax Landscape: Key Considerations for Small Business Owners
As trusted advisors to businesses across British Columbia, we understand the challenges that small business owners face when it comes to navigating the province’s tax landscape. With its unique blend of provincial tax rates, deductions, credits, and compliance requirements, BC’s tax system can seem daunting. However, armed with the right knowledge and guidance, small business […]