Kustom Design Group Goes Back to Basics
Tax planning strategies to help tax payers make the most of their annual personal tax reliefs and allowances
Calgary, Canada, December 10, 2010 --(PR.com)-- During the month of December the Kustom Design Group of Companies will be concentrating on the major income tax thresholds across Canada, and executing tax planning strategies with Calgary couples (married or common-law) and business owners to help them save tax dollars and reduce personal tax rates.
“If you want to maximize your tax savings as a couple you must plan together as a couple,” said Kustom Design CEO Michael Lepitre. “Planning together allows you to look at splitting income, tax deductions and tax credits to lower your overall household tax.”
Lepitre said that married or common-law couples have the option to utilize a very powerful strategy to save on taxes—splitting incomes/deductions or credits, and therefore tax planning must be done as a couple to get the full opportunity of tax saving.
“It is also important for couples to file their tax returns together to make sure that they aren’t missing any crucial information on each others returns, which could lead to a tax return filed improperly.”
Kustom Design’s tax planning strategies are designed to educate people on how to reduce the amount of taxes they pay, and help them understand how to leverage the effectiveness of family and/or business tax planning and income splitting.
“Because there are many ways to get paid from your business, it is important to look at your business when doing your personal tax planning,” said Lepitre. “We must determine whether funds you’ve received from your business are shareholder loan, dividends or wages and they must look at any income splitting opportunities.”
December is the most essential month for tax planning, and often many tax payers last chance to reduce personal taxes. Lepitre said that Kustom Design’s tax planning strategies will hopefully assist with helping improve Canada’s cooperation in battling tax havens and insistent international tax planning schemes, as well as increase the effectiveness of everyone’s overall actions.
About Kustom Design Group
The Kustom Design Group of Companies is a group of interconnected businesses that make up a full service accounting and financial firm. Based in Calgary, Alberta, and renowned for our expertise and experience in accounting and financing, Kustom Design knows that professional integrity is crucial. Our team of professionals offer year-round personal or business service that is tailored to each of our client’s financial needs through the funding, and wide selection, of accounting services, products and strategic planning.
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“If you want to maximize your tax savings as a couple you must plan together as a couple,” said Kustom Design CEO Michael Lepitre. “Planning together allows you to look at splitting income, tax deductions and tax credits to lower your overall household tax.”
Lepitre said that married or common-law couples have the option to utilize a very powerful strategy to save on taxes—splitting incomes/deductions or credits, and therefore tax planning must be done as a couple to get the full opportunity of tax saving.
“It is also important for couples to file their tax returns together to make sure that they aren’t missing any crucial information on each others returns, which could lead to a tax return filed improperly.”
Kustom Design’s tax planning strategies are designed to educate people on how to reduce the amount of taxes they pay, and help them understand how to leverage the effectiveness of family and/or business tax planning and income splitting.
“Because there are many ways to get paid from your business, it is important to look at your business when doing your personal tax planning,” said Lepitre. “We must determine whether funds you’ve received from your business are shareholder loan, dividends or wages and they must look at any income splitting opportunities.”
December is the most essential month for tax planning, and often many tax payers last chance to reduce personal taxes. Lepitre said that Kustom Design’s tax planning strategies will hopefully assist with helping improve Canada’s cooperation in battling tax havens and insistent international tax planning schemes, as well as increase the effectiveness of everyone’s overall actions.
About Kustom Design Group
The Kustom Design Group of Companies is a group of interconnected businesses that make up a full service accounting and financial firm. Based in Calgary, Alberta, and renowned for our expertise and experience in accounting and financing, Kustom Design knows that professional integrity is crucial. Our team of professionals offer year-round personal or business service that is tailored to each of our client’s financial needs through the funding, and wide selection, of accounting services, products and strategic planning.
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Contact
Kustom Design
Britney Bresciani
(403) 219-0602
http://kustomdesign.ca/index.php
Britney Bresciani
(403) 219-0602
http://kustomdesign.ca/index.php
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