Inamdar Professional Corporation can assist management with the preparation of a business plan. A business plan is an effective tool for small and medium-sized businesses as it can present a clear picture of the short-term or long-term goals of the business. A business plan may also be needed to determine any current or future funding requirements and provide an avenue to determine any unforeseen or unanticipated major or capital expenditures required.
An effective business plan can also identify keys to your businesses success, tax planning opportunities, and provide a plan to mitigate damage from any business risks.
Whether through the course of a corporate reorganization, amalgamation, wind-up or other significant event, you may need to know the value of your business. Should the need arise, we can provide assistance with a reasonable estimation of the value of your business, if that is all that is required. If a more formal business valuation is required, we have alliances with Certified Business Valuators that can provide a comprehensive Valuation Report that can stand up to CRA scrutiny.
Often in conjunction with our tax service, we will provide knowledgeable advice relating to the purchase or sale of a business, or restructuring within your organization.
In today’s dynamic and fast paced business world, risks need to be managed. All organizations, whether big or small, face risks. The key is identifying the risks and knowing how to mitigate their impact and cost. Taking proactive measures and outlining all of the risk factors that your organization faces will enable your business to turn these inherent risks into opportunities for success.
Many professional clients in various specialties have been allowed by their governing bodies to incorporate. While incorporation presents some challenges, it allows for much more effective tax, compensation, succession and retirement planning. Being professionals ourselves, and working with many professionals in the past, we have an in-depth understanding of the business and tax issues that are important to many different specialties and sub-specialties. We do the accounting and tax work for doctors, lawyers, dentists, naturopaths and other specialists by implementing tax minimization and tax deferral strategies through professional corporations, including multiplication of the small business deduction and income tax splitting.
Some of the other business advisory services we provide are:
• Assistance with CRA audit proceedings
• Business start-up consulting
• Retirement packages/severance
• Voluntary Disclosures and fairness provision filings