Should I pay myself salary or dividends from my corporation as a business owner?
By Accountant Mississauga

Should I pay myself salary or dividends from my corporation?

This is a very common question that I encounter in my accounting practice in Mississauga, and the answer can make a big difference in your bottom line.

Advantages of Salary – Should I pay myself salary or dividends from my corporation – Accountant Mississauga

Should I pay myself salary or dividends from my corporation? To answer this question, you should look at the advantages and disadvantages of each.

The advantages of paying yourself a salary from your corporation are:

Salary is treated as earned income for RRSP purposes. This means that salary increases your RRSP room.
Salary is provable income for financing purposes. If you are planning on applying for a line of credit or a mortgage, then paying yourself a salary will help you qualify.
Salary is subject to Canada Pension Plan (CPP) premiums. By paying into the Canada Pension Plan your entitlement to CPP will increase.

Disadvantages of Salary

The disadvantages of paying yourself salary from your corporation are:

Paying salary is administratively cumbersome. You may have to hire an accountant in Mississauga to manage payroll remittances to the Canada Revenue Agency, preparation of T4 slips, calculation of source deductions, etc.
Salary is subject to CPP premiums at a rate of 9.9 cents for every $1 of salary. This can be expensive.

Advantages of Dividends – Should I pay myself salary or dividends from my corporation – Accountant Mississauga

The advantages of paying yourself a dividend from your corporation are:

Dividends are taxed at a lower rate than salary. In fact, the first $40,000 of dividends can be received completely tax-free.
Dividends are not subject to CPP premiums, which can add up to big savings.
Dividends are administratively simple. You do not have the burden that you do with payroll. To pay yourself a dividend, you simply write a cheque to yourself from your corporation.

In order to pay dividends, your articles of incorporation must allow for dividends to be paid. I recommend having your articles of incorporation reviewed by a business lawyer or Accountant in Mississauga.

Additionally, at the end of each year, a business lawyer should update your corporations minute books and prepare a directors resolution for the dividends paid.

Conclusion

Now that you know the advantages and disadvantages of dividends and salary, you should consult with an accountant in Mississauga to determine which one best fits your circumstances.

Snap up the latest grub of SETC online booking. SETC stands for Chennai State Express Transport Corporation. Its preferred most by the people of Chennai and its abutting states of Andhra, Kerala, Maharashtra, Tamil Nadu and Pondicherry. Get online for SETC ticket booking. Its low-cost public service caters the large segment of south Indian punters looking lower bus fare. Get online for SETC booking and information about its schedule and timings. SETC promotes online booking at an incredible pace.

Get down to SETC online ticket booking. It opens all hours and gives round the clock service that means 24X7, means 24 hours a day, seven days a week. SETC online booking can be done through some of their authorized agents also. Various private bus operators are also offering increasingly competitive rates these days. You can cash in on this segment with SETC. Book:
Minibuses
City and Suburban services
Chennai Sarige
Airavat Volvo
Meghadoot AC
Semi Deluxe services
Rajahamsa
Semi Deluxe services
Mofussil
Mayura AC
Sheetal AC
Ambari AC

Unquestionably, technology works on the same manner as people live, learn, play and labour. Chennai State Road Transportation Corporation turns influx of travellers towards its online booking in the similar fashion. It has been developed to give potential benefits. You are provided all information related to SETC buses and well about its schedule and timing right online. Its online ticket booking procedure is free for any charge. Passengers searching SETC buses can use it for various purposes. Give a tender touch to get huge database of SETC buses.

SETC rolls out an important online booking programme. Its unique plan to get your bus booking done online. Its a knowledge-based internet-savvy society where a few are privileged to get online, yet SETC expects to widen it aura. SETC online booking brings new opportunities for bus travellers to make their travel best.

The main reason for this may be due a simple lack of understanding in certain topics or the Economics at large. If we look at the bigger picture with the pressures that are increasing with the competition most students find it difficult to do well in Economics. Parents and guardians too on account of the generation gap and a sheer lack of a similar experience probably at their school or college levels fail to understand the need for help or for Finance homework help. If students want to do well then seeking help is definitely not a bad option. Does not each one of us use helping hands when we are in trouble? Then why does the rule change if it comes to a student?

The far most crucial aspect that most guardians and parents fail to understand as mentors for their kids is the desire to do well. If this desire is suppressed in kids merely because they lack understanding in Economics or just because a lack of acceptance on account or preconceived notions about seeking help from Economics tutors can create a mental block in the minds of students.

If you dig deep enough you will infer that it is the fear of not being able to do well that results in poor performance in many Economics students. Hence a more practical approach to resolving kids’ problems is mandatory at this juncture if we want them to do well. Economics tutors help all kids who are trying to cross the hurdles that they are facing when it comes to Economics. They understand that students need just more than imparting knowledge and skills to learn Economics. What they need is someone who really understands the gravity of the situation and is willing to put on their shoes and assist them in doing well.

Economics tutors are used by many students across the globe to fulfill what they want to achieve and do well. All students aspire to be someone someday and the only way to success is by studying well enough so that as a student you are imparted with the right skill set and take you to your educational goal.

Economics tutors are available online at any point of time that you want and are accessible for any web based interactions that facilitate learning Economics. Among the value added benefits that you get is that as a student you learn at any time you feel comfortable depending on the time you can allocate. Once that is done as a student the interactive classes taken up by Economics tutors make it worth your while to study.

I am covering education news all over the world for the past 15 years. I like to write more about new forms of education. Find more about Finance homework at .

India, not only in cricket but is also, hot favorite to take over the developed countries to emerge at the top of the group in the global economic superpower league, says an unprecedented new survey of Indian entrepreneurs and senior managers by the London-based independent think-tank Legatum Institute and the book Think India Think Business published by CCH a leading global tax accounting and corporate law information provider.

India is already moving up economic league tables with the 12th largest economy in the world, according to the World Bank. It also ranked 45th in the internationally respected 2009 Legatum Prosperity Index – which embraces social and political data to provide a wider measure of national success. Total Indian GDP has risen 193% per cent in the past decade, from USD 416 billion in 1998 to USD 1.22 trillion in 2008.

More than half of the respondents (53 per cent) of a survey commissioned by London-based independent think-tank Legatum Institute said India is likely to be the world’s most important economic power by 2030. According to the respondents of the survey, India is racing ahead of developed nations such as — the United States, Japan, Germany and the fast-emerging economic giant China over the next two decades.

A similar sentiment is echoed by Hitender Mehta the author of new CCH publications book Think Business Think India writes Ever since India emerged from the shackles of closed economy in the early 1990s, its economy has steadily grown and today it is one of the fastest-growing economies in the world, with a growth rate higher than in many developed countries. Over the last decade, India has undergone a transformation and climbed to a high-growth path as macroeconomic and structural reforms reduced regulations significantly, improved the business environment, and opened the economy to greater competition. Indias GDP has already crossed the US$1-trillion mark, making the country the twelfth-largest economy in the world and the fourthlargest economy by purchasing power. Despite the global financial meltdown, Indias GDP continues to grow at a rate of 6.7%.

India is fast becoming a leading international business and financial hub. In the era of globalization, India offers a cost-effective environment for establishing and doing business for the burgeoning domestic and export markets.
Foreign investors are looking at India as an attractive investment destination owing to the prospects of high returns. A number of corporate and multinational companies from all over the world have established businesses in India and have expanded over the years.

Shop Until You Drop: Mass Grocery Retail In The Asia Pacific Region( ) is a new special report by leading independent economic forecasters on the Asian food retail market. The report provides regional commentary and opinion across 14 countries, SWOT analyses across the Asia region and forecasts to 2012 for the grocery retail industry.

This new special food retail report also features individual country chapters on Australia, China, India, Indonesia, Hong Kong, Japan, Malaysia, Pakistan, The Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. Each country section features comparative performance indicators of the major grocery retail formats (supermarkets, hypermarkets, discount stores and convenience stores) and the independent sector against the major retail chains. SWOTs on the region’s leading retailers include company overviews, strategies, store networks and grocery market positioning. Each profile covers key statistics including financial performance, number of retail outlets and employees. Shop Until You Drop: Mass Grocery Retail In The Asia Pacific Region also includes a macroeconomic forecast for each Asian market for 2008-2012 and future risks to growth as predicted by BMI.

Key Benefits of Shop Until You Drop: Mass Grocery Retail In The Asia Pacific Region Identify and evaluate the growth opportunities across 14 key Asian grocery retail markets – including the relationship between the independent sector and major retail formats in this expanding region. Benchmark competitors and peers in each food retail market using recently researched company profiles, featuring latest intelligence on over 15 leading Asia grocery retailers, analysing competitive positioning, opportunities, risks and strategies of each company. Compare your own views and forecasts for market performance against independent 5-year industry forecasts for the Asia’s mass grocery retailers. Executives who will benefit most from Shop Until You Drop: Mass Grocery Retail In The Asia Pacific Region Strategists – Gain an insight into the commercial opportunities available in the Asia’s food retail market, using our clearly-explained medium-term economic forecasts (2008-2012) to benchmark your own growth projections. Risk Managers – Discover the key Industry, Political, Economic and Operational risks facing companies in these rapidly developing Asia Pacific Markets. Country Managers – Gain an insight into the country-specific growth trajectories and the key strengths of your clients and competitors in the food retail industry.

For more information please visit : Or Contact us at:

Bharat Book Bureau Tel: +91 22 27578668 Fax: +91 22 27579131 Email: Website: www.bharatbook.com

Usually it’s rare to find a dependable health economics web-site which lists articles, updates and provides opinion. You will find a small number weblogs in existence though they are likely to publish only their own articles, creating articles every now and then. Similar websites just simply provide backlinks to other resources and list news without an opinion. When you’re a health economist, health economics director, medical expert or health provider it can be hard to discover a web-based source of information that allows you to remain updated and current with what is happening in the field of HTA. Health Economics Digest is known as THE website specifically for health economics and outcomes research. They have a daily digest of high quality health economics bulletins, events and training courses. In addition to that they put perspective on current affairs and present commentary concerning the relevancy of the news to health outcomes professionals, HTA and Market Access managers. One thing Health Economics Digest does that is totally different from just about every other health economics website is that it offers unique multimedia material which include video clips, podcasts and graphics. Health Economics Digest gives you the very best of the web and new-media into the health economics landscape. They supply heath economics news in RSS feed, PDF and regular monthly email format. Health Economics Digest also provide social profiles where they chat and communicate with other health economics students. Not only do they document the news, in addition, they create it. Health Economics Digest is news. In addition to this ,Health Economics Digest is also fully understood by non-health economists, clinicians, medical professionals and payers. This is why health economists all around the world are selecting health economics digest as their choice for communicating to HTA Organisations and non-health economists. payers need help appreciating health outcomes and pharma businesses must discover solutions to appropriately explain health economics to non-health economists or it’s going to be difficult to attain the reimbursement they are looking for, specifically in the current economic landscape. I strongly suggest browsing the site, whats more; Health Economics Digest is operated by health economists, for health economists, they provide essential up-to-date information on what you ought to know. In addition to news and current affairs, additionally there is an online health economics book store and offer health economics workshops and online learning packages

Ensure that you get the most up to date health economics news on the web. b.

Entertainment law encompasses many aspects of intellectual property (copyrights, trademarks, songs, books etc.), music, television, advertising and, of course, film. Entertainment law issues are often in the news though most people are unaware of the legal maneuvering that happens behind the scenes.

Trejo Law Corporation, a Beverly Hills based law firm, is on the frontlines of entertainment law. They have helped many clients with entertainment related issues. Trejo Law Corporation specializes in preparing entertainment agreements such as distribution agreements, management agreements and talent agreements. They also handle litigation in entertainment law.

A Recent Entertainment Law Issue in the News:

The first civil lawsuit has been filed against Megaupload in the aftermath of U.S. prosecutors indicting the company’s founders on massive copyright infringement charges in January. The civil lawsuit comes from Microhits which is claiming copyrights on songs and films that it says it owns and that Megaupload infringed on.

The lawsuit rehashes Megaupload’s popularity, its operations (including its pay service for premium users) and some of the alleged conversations among Megaupload employees that have now become infamous. For example, it quotes an alleged e-mail by Megaupload Programmer-in-Charge Bram Van der Kolk as saying, “we have a funny businesss…modern day pirates :)”.

Microhits is demanding damages between $30,000 to $150,000 per infringement. But it is unclear how they think they will collect. Since the federal case indicted Megaupload on copyright infringement, the corporate assets and bank accounts have been seized.

Megaupload has not shied away from voicing its opinion over the many lawsuits. It has countered that it has been proactive concerning takedown notices from Fox, Warner Bros., Disney and Sony. Megaupload also believes that the lawsuits leveraged against them have become politicized and are being used as a re-election pawn.

Trejo Lawyer

Trejo Law Corporation specializes in entertainment law, business law, bankruptcy and foreclosure. Trejo Law Corporation offers free initial consultation, unparalleled customer service, and exceptional legal service.

Contact: Trejo Law Corporation 9107 Wilshire Boulevard Suite 450 Beverly Hills, CA 90210 Tel: 424.245.4023 Fax: 424.249.3088

The significant production base constituent of energy consumed and the value added is the positive bestowing factor in GDP, nor the total consumption, which involves an element of transportation, industrial and household consumption. Considered as the most vital force of any countrys economic development, energy plays a crucial role in the industrial production. The deficit in electrical power has seriously impacted the economic growth of a nation to an uttermost level. As compared to industrialized countries, the usage of electrical power and energy differs in developing countries. In fact, developing countries has a greater appetency for electrical power consumption.

In last 2 decades, the consumption rate has been raised at the rate of 8% annually, with a wholesome demand raise of approx. 200%. The bonding between national economical development and power consumption has an outstanding importance. The power consumption statistics and data are life sustaining indicants for estimating the economic growth. Such evaluations are substantial in encouraging sustainable economic development, articulating long term and medium policies and planning strategies to attain national accusatives.
Although, power utilization and total consumption doesnt lend much participation in economic development, but energy consumption plays a vital role. Since 1970s, the total energy consumption model that includes residential and commercial use of energy, there is a positive bond between economic growth and energy consumption. This research and study valuate and depicts the economic growth rate in several industrialized countries like Canada, US, UK, Japan and France. Latterly, other prevalent methodologies like ECM (Error Correction Model) and SGC (Standard Granger Causality) have been employed to determine the relationship between GDP and energy consumption. The EMC methodology has been practiced to canvass the relationship between economic growth and energy in countries like India, Philippine, Thailand and Indonesia. It has been terminated that income, energy consumption and price are commonly causative for Thailand but have a two way impact on Philippine.

Moreover, the conclusion stated that the electricity usage scientific valuation of economic impact can be ascertained only by the production base analysis. The raise in electrical consumption heightens the GDP and shortfall of electricity encumbers it. In the long term means, a positive means is necessary in GDP growth and energy consumption.

If you earn a payroll check the payroll tax holiday within the Bush tax cut package could give you a two percent pay hike. Lawmakers view the payroll tax holiday being a financial stimulus on the assumption that individuals will spend that additional money. But some economists say that customers will probably conserve more of that money than the politicians hope. If all will go as prepared, folks really should never need to obtain a personal cash loan. Resource for this article – Inside the payroll tax holiday and how to have a happy one by MoneyBlogNewz.
Payroll tax holiday: economic stimulus?
The payroll tax holiday proposal rolls back the employees’ share of the payroll tax from 6.2 percent to 4.2 % on income up to $106,000. Firms like Deutche Bank revised the predictions for 2011 from 3.3 % to 4.1 percent with economic growth after the tax deal had been announced. Here’s the math behind that reasoning:
Wages and salaries in the U.S. in 2010 total $6.44 trillion. That figure grew nearly 5 percent in the second and third quarter. If that rate continues, wages and salaries will total about $6.75 trillion a year from now. Deutche Bank estimates about 85 percent of total wages and salaries are dinged by the payroll tax. A 2 % reduction in that tax puts $115 billion back in workers’ wallets. Based on the current personal savings rate of 5.8 %, $108 billion — 0.7 percent of estimated 2011 GDP — would be spent. Therefore, 3.3 + 0.7 = 4.1 percent.
There is the Permanent Income Hypothesis to consider
Most are saying that there is too much optimism. This would be from Deutche Bank. Since informed consumers will realize the 2 % raise will only last just a little when, suggests John Carney at CNBC, the payroll tax holiday won’t increase spending that much. There is a name for this made up by economists. Permanent Income Hypothesis is that name. Future earnings are what people spend based off of. Current take-home pay doesn’t do that. The financial crisis changed people. Before it, people spent more than they earned and wouldn’t save at all. After that, the financial crisis came. Now people spend less and conserve more because expectations for the future are diminished.
What you are able to do with your payroll tax holiday
What should you do with that payroll tax holiday raise? Spending it isn’t the suggestion SmartMoney gives. Putting it in a Roth IRA, a traditional IRA or a 401(k) is the suggestion. The money will then be worth something. It will still be worth something after 2012 when the payroll tax holiday ends. You might end up just paying for the health care costs that are expected to rise next year. Buying new appliances is a new option. You could save hundreds of dollars in a few years with more energy efficient home appliances.
Citations
SmartMoney
smartmoney.com/personal-finance/taxes/what-to-do-with-a-payroll-tax-cut/#ixzz17WrUvmtU
CNBC
cnbc.com/id/40553481
Business Insider
businessinsider.com/deutsche-bank-explains-why-the-payroll-tax-holiday-is-a-game-changer-and-could-push-gdp-to-41-2010-12

The ASEAN is a regional organization of Southeast Asian countries. The word ASEAN stands for the Association of Southeast Asian Nations. This successful organization was established on August 8, 1967 in Bangkok, Thailand. It is considered as a geopolitical and economic organization in the Southeast part of Asia. It has started its activities with five members and those are Indonesia, Singapore, Malaysia, Philippines and Thailand. Very few years later Brunei, Burma (Myanmar), Cambodia, Laos, and Vietnam also joined in this organization.

On August 8, 1967- at the main hall of Bangkok’s Foreign Affairs building, the Foreign Ministers of Malaysia, Singapore, Thailand, Philippines and Indonesia – are seated together and signed in a document named Bangkok Declaration or ASEAN Declaration. The Association of Southeast Asian Nations (ASEAN) was born, by the virtue of that declaration. The Five Foreign Ministers who signed into that document are being hailed as the founders of this great successful intergovernmental organization of the developing world.

The reason behind the setting up of the organization:

ASEAN has been set up to build a mutual understanding among the members of this community. In addition, their aim is to establish a strong economic community. The main reason of setting up this organization can be counted with 7 specific principles.

1) To accelerate the social, cultural and economic progress through mutual endeavors.

2) To work mutually as a United Nations and to encourage regional peace and constancy.

3) To create mutual assistance in social, cultural, economic and technical fields.

4) To provide assistance through research and training facilities to each other in the field of educational, technical and administrative spheres.

5) To co-operate effectively to make great use of the agriculture and industries through expanding trade and transportation among the countries.

6) To assist in the Southeast Asian studies.

7) To maintain unique aims and purpose in the different existing international organization, and to explore closer cooperation among the countries.

The main objectives of the organization:

The main objectives of this organization are to speed up the economic growth, social progress and cultural growth in the region through joint efforts in the spirit of equality and partnership. ASEAN wants to strengthen the foundation as prosperous as well as a peaceful community of Southeast Asia. The organization works through providing assistance to each other in improving the education and human development among the countries. Another important reason is promoting regional peace and stability. ASEAN works to promote all of their members like a unique community that works together for the betterment of their social, economical and cultural progress. Moreover, the organization tries to manage mutual funding for the development in all sectors of a country.