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Are you tired of the taxman taking your hard-earned money? The following
accountants provide free tax tips, tips to beat the taxman and keep more of your hard-earned
money.
•Allan Madan, CA - Here are two effective tax tips to help
you beat the tax man!
1. If you own a vehicle that you use for business purposes, have your company pay you a vehicle
allowance up to 50¢ per kilometre driven. The company receives a tax deduction and you don’t
have to pay tax on the allowance received!
2. If you’re selling your business, consider selling the shares. You may be eligible to avoid
paying tax on the first $750,000 of gain on your shares.
Please consult your chartered accountant first to make sure that these tips are right for you.
»Allan is a chartered accountant in
Mississauga, Ontario.
We are still accepting submissions about tax
tips. Submit yours to submissions@trade-pals.com
and we will post it on this page along with a link to your site or blog.
Write "Tax Tips" in the subject line and include your full name and website URL to link to
along with your tip.
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