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Salary versus Dividends

Salary versus Dividends: How should you pay yourself? We, at Associated Senior Executive, often have clients ask whether they should take their wages as a salary or dividends. As a business owner of an incorporated business, you can derive your income from either salary or dividends or from both. What are the differences between dividend or salary income and what is best for you? This is a simplified newsletter
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Light at end of tunnel

What will be the new reality?

‘WHAT WILL BE THE NEW REALITY?’ In this Covid -19 environment we are sure we have all have talked about what will be the ‘new normal’ [over Zoom no doubt]. No one of us can predict or assume what the new reality will be but, for certain, there will be a new reality. For business owners, how did you fare? Was your business at all open? If yes, how
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perseverence

Looking forward after Covid19 – New strategy?

Looking Forward After Covid-19  (ASE NEWSLETTER MAY 2020) A New Business Strategy? Associated Senior Executives has a range of clientele from the sole entrepreneur to business owners and many with numerous employees. Although this material may be more for businesses with a number of employees, these same issues can be applied to big and small businesses in developing a solid business plan looking forward post-Covid19. We understand this is situational. Some
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corona

‘SCARY TIMES’…

In the fall of 2001, just after 9/11, I attended a workshop with Dan Sullivan, founder of Strategic Coach, an exclusive program for entrepreneurs. We were still rattled by the recent events of the Twin Towers and fearful of our future. Some students there witnessed that day in New York City. Listening to their stories of fear and chaos was gripping and remain clear in my memory. That workshop
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walking on the edge

COVID-19: How to Cope Through These Tough Times?

COVID-19: How to Cope Through These Tough Times? …Indeed these are rough times for businesses. It is distressing to see this climate of uncertainty. It is distressing to see this climate of uncertainty. In these unprecedented times it is essential that we take care of our health and that of our family. Only then can you have an opportunity to look after your team and your business. You have
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Value of seeking experienced mentors

Small Business and the 21st Century ……. business Face to Face Value of seeking experienced mentors There is an incredible paradox about the small business environment looking into 2020. In the past 20 years or so, much of the personal contact a business owner had with customers, suppliers or other businesses, has moved from ‘face to face’ to some form or other of ‘wireless communication’. It is efficient and transaction-oriented and
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tax_time

Tax Time

Important 2019 Tax Reporting Deadlines for Business Owners March 2/20   RRSP Deadline for 2019 taxation year.  If you have employees contributing to a Group RRSP Plan any contributions made in the first 60 days of 2020 must be reported as such. (This allows the employee to choose which year he/she would like to apply the deduction). A second contribution slip must be prepared to show contributions made from March 3,
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isolation

Common issues that plague businesses

WHAT ARE COMMON ISSUES FACING SMALL BUSINESS OWNERS…? What do small business owners have to say are the hardest areas of being an owner-entrepreneur? The number of hours that has to be put in, to get the business moving forward [especially on start-up]. ‘Working in the business and on the business.’ Not having time to work ‘on’ the business solely. Thinking about the business 24/7. Finding that life-work balance.
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