Looking for the best tax lawyers in Victoria BC? Read on and we’ll
Often a person thinks of starting their own business inspired by an idea or the desire to be their own boss. While it’s not for everyone it can be a very rewarding and satisfying experience. Certainly there is steep learning curve and suddenly you need the advice of professionals you may never have dealt with before. Someone to help with the bookkeeping, an accountant or even a tax lawyer because let’s face it you can’t possibly do everything yourself.
Hiring a bookkeeper or accountant may be obvious, you may wonder why hiring a tax lawyer is a good idea. Canadian tax laws and regulations are complex and undergo changes. As a business owner it’s not possible to know everything, sometimes it’s better to hire an expert. Especially when dealing with Revenue Canada it’s important to have a tax lawyer on your team. Pleading ignorance of tax laws is not a defence so hiring a lawyer who specializes in tax law could save you money down the road.
If your business is located in one province but ships to other provinces or even exports a tax lawyer will advise you on the different taxes that apply.
Will you be considered an employee or employer or both when deductions are made to your earnings. Distinguishing between contract or regular employees is another area a tax lawyer can assist with.
A tax lawyer can help you optimize your income by making sure you take advantage of any and all deductible business expenses. Travel, vehicle expenses or even treating clients to lunch are another aspect a tax lawyer can prove invaluable. How will you set up your business, as a sole proprietorship or maybe incorporation, these are other ways a tax lawyer can offer sound advice.
As you can see having a tax lawyer can save you stress which lets you focus on building your business. To be successful utilize the expertise of professionals, the next step is to be sure to find one of the best tax lawyers in Victoria BC.
Contact The Victoria Tax Law Group At Cook Roberts below if you have any tax issues.
7th Floor – 1175 Douglas St.
Victoria, BC, V8W 2E1