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Ep 02: Build Your Team of Advisors | Tax Lawyer Amanda Doucette
Manage episode 291651425 series 2920894
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Proper tax advice is crucial for business owners. It is equally important that your various advisors work in synergy to make certain you and your business are being totally looked after.
Amanda Doucette is a tax lawyer, podcaster, blogger, and one who is passionate about communication. Not only does she help her clients with tax disputes involving CRA, she also works with her client’s various advisors to help create a DREAM TEAM!
In this episode, we discuss how and when to incorporate your business, the concept of tax integration for Canadian businesses, succession planning, and the importance of creating a team of advisors who work together around your needs.
Tune in and enjoy listening to this podcast now!
Highlights:
03:09 Common concerns or questions from business owners
03:40 Why you should incorporate
05:51 Comfort level working with advisers and dealing with complexity
08:26 Additional levels of tax complexity
09:30 Concept of integration
10:08 Applying for lending or mortgage as a big deciding factor when incorporating
13:30 Incorporating successfully
14:08 Why do I need a team and who should be on it
18:24 Having a team and advisers you can trust
19:41 Do you really need a tax lawyer?
23:00 Limitations of focusing on tax
25:15 When to start planning for retirement or succession
29:00 Brainstorming with advisers
32:23 Potential separation of spouse and business shares
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