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.

With the unemployment statistics continued on rise during the global economic recession, it has become even more difficult to keep your job. Here are seven tips that will help you protect a lay-off:

Give Something Extra
Volunteer to do extra tasks and become indispensable to your company. Show keen interest in taking up new assignments and responsibilities so that you become more valuable to the company. This will keep you off the list of candidates to be laid off while downsizing.

Arrive early, leave late
Show enthusiasm while working for the company. Always try to come at least half an hour earlier and stay late after work. This shows commitment to your work. Avoid saying no if you are asked to come on weekends when work is piled up.

Communicate with your boss
Maintain a good rapport with you boss and keep him/her informed of all your work related activities. Having informal meetings during lunch or tea breaks will also be very useful. A boss is always more comfortable with an employee who is easily accessible at all times.

Acquire new skills
Take up short career development courses every now and then and polish your skills as well as acquire new ones. This will add more value to your career.

Avoid company gossip
Never get involved in company gossip especially in the early stages of your job. This may harm your reputation and will make chances of success very bleak.

Keep informed
Gather information on the latest news about the company to find out if downsizing is to be in the near future. It will be very useful to know if company is planning expansion, taking up new projects or closing down old ones.

Make contacts
Develop healthy working relationships with peers, boss, bosss boss and other key personnel in the company. All these people may prove useful in saving your career.

Presenting an employee with a plaque is a great way to reward employees for performance outcomes. There are employee reward programs that are specifically designed and tailored to a clients needs. Some of the key features may include authorized officers securing online reward allocations, secure redemption online of rewards by employees and secure and streamlined management.

Trophies and plaques are cost effective as you pay a wholesale price which affords you a saving of around 15 to 20 percent. In addition rewards for employees are paid for on redemption and not allocation and also improves controls and reduces HR admin costs. When ordering online the trophy is branded and tailored to the clients specifications. Notification can also be sent electronically to the employee or can be hand delivered to the presentation.

Rewards can be structured whereby you have an unlimited redemption period or can be structured with a defined redemption period. You can also opt for regular reports at the cost of the company and you will be assigned to a relationship manager who will have the specs of every aspect of your rewards program. Studies have revealed that cash rewards are outdated, although for industries such as sales, cash rewards are a big incentive. Many business owners offer bonuses as incentives, which are mainly aimed around employees coming up with business ideas and ideas on how to cut manufacturing costs.

Companies have found that such incentives, these programs have paid for themselves thousands of times over in term of revenue enhancement, cost savings and efficiencies. However, further studies showed that non cash rewards were three times more effective when it came to return on investment as opposed to cash incentives. There are several options when it comes to choosing bronze, brass and glass trophy plaques that will boost an employees moral and will also help to boost productivity. Awards can be made readily available to employees as a sign of appreciation and thank you for their support and efforts as well as ongoing loyalty.

Awards are individually branded and tailored according to specifications. Businesses that offer rewards, at the same time increase their profile as well as enhance their reputation. Employee rewards enables businesses to demonstrate that they are offering high standards for their staff and are inline or above their competitors.

Companies with reward programs, puts out the message to potential employees, which in turn make it more likely for them to choose your company and stay with the company. There are significant benefits for companies that support their staff and offer rewards of which can be beneficial in that staff feel valued and they are more likely to remain with the company long term.

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 .

If you are thinking about obtaining a PhD then you will probably want to know how much money you could stand to make by investing the time and money that it takes to become one. If you dont then you probably arent going to make it very far as a PhD. As they say if you dont know where you are going then your lost.

The 2007 Average Starting Salaries in the US by Degree are:

-Bachelors: $59,391 -Masters: $73,939 -Doctoral: $86,183

The 2007 Average Salaries for PhDs by Job Listed in Ascending order:

-Assistant Professor, Postsecondary / Higher Education:
Description: Any Assistant Professor at a University. Also includes assistant lecturers and speakers. Average Salary is $55,793

-Professor, Postsecondary / Higher Education:
Description: A Professor at a University or College. Also includes lecturers and speakers. Average Salary is $78,306

-Research Scientist, Biotechnology:
Description: Jobs include Biochemists. Biochemists study the chemical composition and processes of living things. A biochemist studies many from the reaction of food and drugs on living organisms and tissue to the reasons for human growth and aging. Average Salary is $82,222

-Materials Scientist:
Description: These are people at the for front of science when it comes to plastics, polymers, rubbers, metals, alloys and even glass and paper. PhDs in this field work on developing new materials with specific properties for use with specific applications. Average Salary is $83,690

-Sr. Software Engineer / Developer / Programmer:
Description: Jobs include programmers and coding managers. Works as an individual or on a team who write, debug and deliver software programs. Average Salary is $97,883

-Computer and Information Scientist, Research:
Description: These are the inventors of the computer world. PhDs in this field solve and develop solutions to issues in regards to computer hardware and software. Average Salary is $105,714

As you can see if you are considering going for your PhD the computer industry is still the most well paid industry group in this class of education. More and more people in future generations are heading in the direction of computer programmer or CIS professional. The field at this point has managed to easily absorb the inflow of new-interested students and find jobs for new employees with higher education. In the future if things continue down this road it may become a very competitive industry where only the best of the best survive to work another day. For now majoring and going for a post graduate degree in something computer related is probably your best shot for a well-paid and prosperous future.

Making wow Pandaria gold by crafting is a very good way to make money in the game, although its not the fastest way to make money in the game, the profit brought by this profession is very considerable. But leveling is not very easy for players to level a crafting profession, for which need lots of materials to level, so how to level up crafting professions fast with least gold in World of Warcraft?

Combination with gathering

As crafting will need a lot of raw materials to level up, but these mats all can farmed by players themselves, theres no need to buy it from the game markets, so besides to choose crafting as players main profession, also choose gathering professions. For example, if players want to be Engineer, Blacksmith, or Jewelcrafter, then pick up mining as the second profession; if players are Scribes or Alchemists, then herbalism will do great help here. As for skinning, it can help players farm mats for Leatherworking.

Leveling professions while leveling characters

Many players in order to level up fast in the game, many of them will choose to level professions after hit the highest level in Wow, if players are not fast leveling oriented, then level up professions while leveling characters. It’s a lot less stressful, and often less costly, to level professions slowly. One big benefit of doing this is that players can actually use many of the items that they craft while leveling. If players wait until reaching the level cap, they will miss out on one of the biggest benefits of being able to craft their own gear.

Knowing what items to craft

When players, in order to make wow gold faster by crafting, they will just craft the items that selling at the highest price. In fact, in most case, the more price the items are, the more time players will have to invest in, if these items can still sell at a good price, then its worthwhile to invest, but many of them are seasonal items. So its not recommended to craft the items like that, unless it’s an incredibly cheap way to gain a skill point, avoid them at all costs.

To make money by crafting is long investment, if players need gold in urgent or want to farm Wow gold 5.0 fast in the game, this way is not recommended. For beginners, gathering professions still suggested, for which need no cost and can also bring good income to players. If players want to know the best farming locations in Mists of Pandaria, they can also visit on Mmocarts.com for details.

The Ministry of Manpower grants Singapore Employment Pass that is usually valid for one to two years to eligible applicants. Employment Pass provides comfort to foreigners in terms of travelling in and out of the country. The work visa is renewable as long as the pass holder remains employed in a Singapore company. It also provides chance to pass holder to apply for a permanent residence status.

Employment Pass is required for any entrepreneur who has just incorporated a Singapore company and desires to move to Singapore. Moreover, the work visa is also required for corporation looking to relocate their staff such as managing directors and management staff of the company.

We have provided basic considerations on how to be qualified, eligible and how to get approved for a Singapore Employment Pass. Please read on and take note of these details:

Eligibility Requirements:
Recognized educational diploma/degree
Professional qualifications
Specialist skills

Basic Considerations Assessed by The Ministry of Manpower:
Salary
Age
Roles & responsibility
Related work experience
Companys background
Companys paid up capital
Current citizenship

Basic Documents to Furnish:

The above qualifications should be satisfied first before securing the following documents: resume or CV stating your educational and employment history, copies of educational certificates and past employment testimonials, and a copy of your passport details. However, any documents that are not in English must be translated into English by an official translation service. In addition, there are three Employment Pass groups, P! for applicants earning a salary of more than S$7,000, P2 for salary of more than S$3,500 up to S$7,000 and Q1 for salary of more than S$2,500.

Service of a Professional Firm:

For processing of your application, you need to hire the services of a professional firm who will apply in your account for your Employment Pass. They will be the one to apply online to The Ministry of Manpower, as the application method is shorter. It normally takes 1 to 15 days to issue an approval. Once approved, the Ministry of Manpower will issue an In-Principle Approval (IPA) letter via email. The IPA letter must be produced upon collection of the EP at the Work Pass Division at Ministry of Manpower. An IPA letter is valid for Six months from the date of notification of approval.

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.

It becomes a troublesome task for bound people to avail ample of cash to require care of bound little however necessary fiscal necessities like grocery expenditures, electricity bills, phone bills, house rents, immediate payments and therefore on. There are various residents belonging to UK who usually face things of insufficient funds as a result of surprising or emergency expenditures. Salary Advance Loans are finance schemes which give simple and helpful make the most times of such financial desires.
The main magnetism of this advance is that Salary Advance Loans are quickly accessible and prepare you with instant money. This can be principally as a result of the negligible formalities and documentation. Folks that have unhealthy credit history will simply apply for this advance, because it doesn’t involve any credit check. Most of the lender accepts the appliance with problems like CCJs, IVA, arrears, late payment, etc.
These funds are designed such that one will pay back the borrowed cash when following months salary arrives. Hence, one will handle the reimbursement issue quiet sufficiently. Also, to avoid waste of your time, the procedure of documentation and paperwork is avoided so these credits are availed with none fuss. You clearly talked to your nearest and also the dearest and you want to have got no matter assist you might probably get from them. Its sensible to use caution and take as less as doable from lenders. The explanation is pretty obvious. Each comes with a value that has got to be paid ultimately, sooner or later.
There is bound criterion of eligibility that has to be followed for one to be eligible to use for Salary Advance Loans. The individual applying has to be a resident of UK. He has to have crossed the age of eighteen. He has to have a permanent job during a recognized institute that pays him a set monthly income. To add up the difficulty, one conjointly has to have a vigorous checking account below his possession. Theres a web mode of application for these advances that proves to be mush a lot of convenient and cheap. Through this mode, one is simply required to fill and submit the web forms containing true details regarding one self. During this means, one will simply save on lots of your time and cash and might conjointly avoid unnecessary and tiring procedures which regularly influence be a pain. The key disadvantage of those funds is that lender charge slightly high interest rate as a result of its short term nature.