Testimonials

Puneet Jain

I started investing in real estate a few years ago when I started educating myself. One of the key ingredients of success in this business is to have a strong team. I was looking for an accountant on my team with industry knowledge that can help me to stay organized and profitable.

Williamson Accounting has been a great support and has been providing me very personable and professional service with my current holdings. Their quick response and valuable advice has been of great benefit to my real estate business.

I look forward to continue to work with Williamson Accounting on my upcoming purchases.

Puneet Jain, Owner, Connect It

 

 

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Williamson Accounting Inc. helping your small business to reduce taxes and simplify accounting in the Greater Toronto Area (GTA) and across Canada.

For a free initial conversation about your business, call (416) 444-8747 or Contact us.

Do You Intend to Retire From Your Business?

Guess Article By: Alex Lee, Investment Advisor

Whether you intend to sell the business to a third party, transfer it to family members, structure a management buy-out or wind it up, advance planning can help you make better long-term decisions. 

Will your business provide enough to fund your retirement?
If much of your net worth is tied up in the business, you may be less diversified than those who have a more traditional retirement portfolio. Remember that, unlike a salaried employee, it’s up to you to fund your own retirement. If you haven’t given further thought to that far-off day, consider that many business owners each year are unable to sell their businesses for a variety of reasons. These include difficulties finding a suitable buyer and obtaining financing for the successor once they have been identified. 

Read more...

How to Spend Your UCCB Lump Sum

calculatorFirst, a little background on the UCCB, It was started in 2006 at $100 a month for each child under the age of six. This year, Ottawa increased the amount for kids under aged six to $160 and added a $60 monthly benefit for children aged six through 17. All families with minor children are generally eligible for the benefit.

Assuming you applied for the UCCB and you have children aged 17 or younger, you've received the first retroactive and lump sum payment of the enhanced Universal Child-Care Benefit (UCCB). 

This money isn't targeted to any income group and there are no restrictions on how to spend it. Even if you're wealthy, you're going to get it. The question then, is: What do you do with it? 

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Hire a Family Member and Save Money

Family image4As a small business saving taxes and making sure things work smoothly in your business should be at the top of your list. But after maximizing business expenses what else is there? Have you given it any thought in hiring a family member to save money?

A Few Reasons Why
Hiring a family member might make sense, as long as it does not disrupt the family dynamics; it fills a necessary role and makes good financial sense.

Read more...

Visit Us

We are located near Sheppard Ave. and the 401/ 404 Hwy corridor at 203- 211 Consumer Road 
Toronto, ON M2J 4G8
Tel: 416-444-8747
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Quotable

Michelangelo

"The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it."

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