The Sheldon Group

Tax Advice

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Get invaluable tax advice from the experts.

Our In-depth Tax Experience can increase the value of your claims

Tax laws are constantly changing. It can be nearly impossible to keep yourself consistently up to date. The team of experts at The Sheldon Group are here to make sure you are never in the dark about other tax matters which may negatively impact your SR&ED claims.

The Sheldon Group is a professional tax firm with a high level of expertise in various areas of income tax law. Many companies are entirely unaware serval that several other areas of income tax law may negatively impact claims made through The Scientific Research & Experimental Development Program. When filing for SR&ED, there are certain tax pit falls and remedies that you and your current tax advisors need to be mindful of in order to ensure no negative impact or unpleasant surprises.

As an example, If your company’s year tax planning practices are carried out without consideration to claiming SR&ED benefits the result can drastically reduce the value of your SR&ED claim.
This may result in reduction of an SR&ED claim by 70%.

Our firm has developed methodologies to assist your company in the challenge of documenting SR&ED activity throughout your taxation year. This program alleviates the headache and stress that can be caused by having to always record and keep track of information that might be needed at a later time for tax and SR&ED opportunities.

It takes an experienced firm to ensure that you’re company is positioned properly to claim what it is entitled to according to the Income Tax Act. We offer guidance and advice in these areas, which can make a big difference in the amount of benefits that you end up receiving through your SR&ED claim.

Many companies do not get adequate advice when it comes to maximizing opportunities to mitigate the effects on taxation. In order to plan for the inevitable sale of a business or the tax consequences at the time when a shareholder dies and passes the assets to the next generation – it requires a certain amount of planning and reorganization of the corporation; including but not limited to the use of trusts.

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Tax Planning for Profitable Small & Mid-sized Businesses

Many companies do not get adequate advice when it comes to maximizing opportunities to mitigate the effects on taxation. In order to plan for the inevitable sale of a business or the tax consequences at the time when a shareholder dies and passes the assets to the next generation – it requires a certain amount of planning and reorganization of the corporation; including but not limited to the use of trusts.

The presence of non-active assets in a corporation such as cash, mutual funds or other investments including real estate not occupied by a company or that’s not used in the company’s regular operations can cause you to become disqualified for The Capital Gains Exemption.

Every year this problem costs many Canadian business owners millions of dollars in capital gains tax.
The good news is with expert tax advice this highly specialized area the high cost of capital gains tax can be dramatically reduced or avoided.

Our tax experts can help you to purify your company so that you get what you’re entitled to in law and to mitigate the effects of taxation of your assets when you sell your company or when you die and pass your shares to the next generation.