Tax Planning for Small Business Owners with Tax Lawyer Primrose Watson

Feb 29, 2024 · 41m 36s

Description

Today we are looking at the things that business owners should know about tax and when to work with a tax lawyer and a tax accountant, and to help go...

Today we are looking at the things that business owners should know about tax and when to work with a tax lawyer and a tax accountant, and to help go deeper on this topic I’ve invited Primrose Watson to share her expertise.

Primrose founded Primrose Tax Law and designed the law firm to be a place where she can be the tax enthusiast she is and build an inclusive workspace so that every firm member can be their authentic selves and thrive. As she says, tax enthusiasm is not mandatory, but it will be contagious!

Today you’ll hear about:

The difference between a tax lawyer and a tax accountant and when is the time to hire the
A closer look the important role that a tax lawyer will play in your business
What a Section 85 rollover is and what it allows a small business owner to do
Some of the things that will change for you operationally when you incorporate
Annual maintenance of an incorporation
When to think about a holding company or investment company
What sets Primrose and her firm apart from others in her industry

For a small business owner, this episode is packed with valuable information and resources to be thinking about in terms of tax planning, and I encourage anyone listening to visit Primrose’s website, review her publications and reach out to her with any questions. As always, please let us know what resonated most with you from my conversation with Primrose, and we’d love for you to share the ways in which this conversation has helped you.

Mentioned in the episode:

Primrose Tax Law’s Website & Publications

Connect with Primrose on LinkedIn

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You can connect with Corinne on Instagram at www.instagram.com/legalguidecorinne/ or by email, corinne@legalmybiz.ca.

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