The Top 6 Things I Would’ve Done Differently with My First Business

doing things differently

Experience gives us knowledge. Unfortunately, this knowledge can come at a very hefty price. In the case of my Partners and me, it resulted in the bankruptcy of our office furniture business. We did a lot of things right and enjoyed great successes for most of the time I was an owner. We were never afraid of change. In fact, … Read More

How the Individual Pension Plan Helps Business Owners Retire Wealthier?

In life and business, failure teaches us some incredible lessons.  Many of the ideas that I talk to business owners about today come from the mistakes that I made in my first business.  In one breath, I wish that I could have started my current business 20 years ago, however, if I had not experienced the challenges and hardships experienced … Read More

10 Simple Ways to Pay Less Tax Through Your Business?

tax strategies

This week’s federal government budget illustrated that the federal government might be easing off its assault on small business owners.  They are moving forward with the proposal to eliminate the tax on split income (TOSI) for dividends paid to non-participating family members within a business.  They have eased off on the passive investment income that a business owner can keep … Read More

Starting an Insured Retirement Plan to Ensure Your Retirement Goes as Planned?

Insured Retirement Plan

Maximizing High Net Worth to Fund Retirement Plans for Business Owners So why would you want to set up an Insured Retirement Plan as a business owner?  To dividend out your retained earning subjects you pay taxes at your personal marginal tax rate.  Depending upon how much you pay yourself (Salary, Bonuses, Dividends) in any given year can mean that … Read More