I talk to at least a dozen business owners a week. The crux of our conversations is around how they may want to look at the finances within their businesses a little differently. It could be about items that could be legitimately expensed but aren’t, getting money out of their businesses tax effectively, how they can use their business to … Read More
5 Reasons Why Benefit Plans for Business Owners Should Differ From Employee Plans
I walk into many privately-owned companies only to find out the business owners are set up under the same benefit plan as their employees. Should benefit plans for business owners differ from employee plans? In a word, Absolutely! It’s all too common that I see business owners having the same co-pay obligations as their employees. So if an owner goes … Read More
Beware of These 5 Factors When Setting up Employee Benefit Plans for Bosses
If you’re responsible for the setup and administration of your company’s employee benefit plan, you may want to pay close attention to how you set up your boss on the plan. This specifically applies to business owners or shareholders of the business. Most don’t realize this, but group benefit plans work really well for employees, but the same doesn’t necessarily … Read More
Why a Business Owner Benefits Plan Needs to be Different
So you’re a business owner. You’ve worked hard to grow your business. You’ve got a loyal staff and want to make sure your employees have a great benefits plan. Does that mean that you should be on the same plan as your employees? It would help if you looked at business owner benefit plans. The nice part of benefits in Canada, … Read More