Tax Tips: Less is More
AS PUBLISHED IN THE DECEMBER 2014 FASTEST GROWING COMPANIES ISSUE OF PROGRESS MAGAZINE
To take more control of your taxes, you must deduct, divide, and defer. Most 
homeowners wouldn’t tolerate a house that was leaking thousands of dollars’ worth of heat each year, and yet too many business owners still allow their operations to leak money every year in the form of tax dollars. That’s unfortunate, according to David Jones, the senior financial advisor with Assante Capital Management Ltd., because in most cases they’re in a very good position to plug those leaks.
“There are a number of things that business owners and professionals can do to take on more control of the taxes they are paying,” says Jones. “It varies on an individual basis, of course, but there are some basic things that every business owner should look at, such as income splitting, financing non-deductibles, and the way they compensate themselves.”
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