TRUCKERS Tax Seminar

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Tax Planning for Profit and CRA Audit Management in 2010

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The only way to avoid a crippling tax audit assessment and make the inevitable tax audit manageable, while maximizing your personal income from your business, is by being up-to-date with the changing tax laws focused on Truck Owner-Operators, so as to set and implement workable tax strategies.

As business conditions change, CRA changes their  audit objectives.  These changes are designed to raise additional tax revenues from Truckers who fail to address tax change as they occur.

As a result, Truckers should take steps at least annually, prior to December 31st each year, to review their business and tax management procedures to make as required, adjustments to ensure that profits can become lifestyle incomes rather than amounts payable for audit assessment.

Attend this seminar and we will guide you in the "How to" of identifying new CRA (Revenue Canada) audit issues that will impact and affect you and your business bottom-line.

During this seminar, we will identify current audit assessments and their focus and review tax strategies available to Truckers.  We will also provide ideas and solutions that will allow you to restructure your business and financial management system where applicable, and implement proper tax planning and tax management strategies specific to you and your business.

The Seminar will Cover               

√ Organizational Planning

Structuring your business to maximize your personal income from your business in today’s CRA audit driven environment.

√ How to Pay yourself

How to set up a system to pay yourself without creating a CRA audit nightmare that could result in significant assessment for payroll tax.

√ employee or independent contractor

How to establish a business relationship between you and your corporation so as not to be classified as an employee for payroll and t4 tax purpose by CRA.

√ Bank accounts management

How to establish and manage your business Bank account to avoid audit assessments related to payroll tax payable.

√ Managing your bookkeeping system

How to establish and/or maintain your books and bookkeeping system so as to meet CRA requirements on the day of the audit.

√ Subcontracting after July 1, 2010

The new GST/HST rules and how it affects you and your business and subcontract drivers and how to avoid assessments.

√ managing in the New GST/HST environment

Understanding the ZERO Rated Income rules and system under the new GST/HST rules and where you and your corporation fit in the new procedures.

Who Should ATTEND?

This is a seminar for Independent Truckers (Owner-Operators) and their spouse and/or business associate.

Seminar Fee: $75.00

Pre-registration Required.

For Date and Location Call: (905) 477-7773

General Information:

If you are currently trucking under a corporation that was only incorporated to minimize any potential truck related liabilities, to are in jeopardy for a major tax liability surprise from CRA. 

It may not happen today, but it is coming, so to protect yourself from a massive tax assessment you must take steps to properly organize your business and how you provide trucking services to the carriers you work for.

To register, click go to ► Register me Now