Tag: Tax Planning

Owner-Managed Businesses Part 1: How To Pay Yourself (Ep. 2)

Owner-Managed Businesses Part 1: How To Pay Yourself (Ep. 2)

Welcome to part one of a four-part miniseries where Frankie and Sarah will focus and highlight key areas of interest for business owners, like, operation liabilities, exit strategies, and family succession.

In this episode, Frankie and Sarah talk about different ways business owners can pay themselves, various tax benefits, and the drawbacks of dividends and income splitting. 

Listen as Frankie and Sarah discuss: 

  • The difference between a salary and dividends
  • Why there are tax implications when you spend business income freely
  • How you can take advantage of tax benefits from dividends
  • The benefits and drawbacks of income splitting
  • What Tax On Split Income (TOSI) is

Resources:

Connect with Frankie Loreto and Sarah Netley: 

Get To Know Frankie And Sarah (Ep. 1)

Get To Know Frankie And Sarah (Ep. 1)

Welcome to From the Source with Frankie and Sarah from Baker Tilly KDN, where we aim to help business owners and entrepreneurs understand and overcome their tax planning challenges.

In this inaugural episode, Frankie and Sarah introduce themselves, and share a little bit about Baker Tilly KDN, a full-service accounting firm with offices in the Kawartha, Durham, and Northumberland regions of Ontario. Listen as they talk about their specialties, share personal stories, and tease topics of future episodes.

Join Frankie and Sarah as they discuss: 

  • Their specialties, and a little bit about Baker Tilly KDN
  • What they plan to achieve through this podcast
  • The one thing they recommend to people searching for professional advice

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