Archive | December 19, 2016

Should I Pay Myself Salary Or Dividends From My Corporation

Should I pay myself salary or dividends from my corporation as a business owner?
By Accountant Mississauga

Should I pay myself salary or dividends from my corporation?

This is a very common question that I encounter in my accounting practice in Mississauga, and the answer can make a big difference in your bottom line.

Advantages of Salary – Should I pay myself salary or dividends from my corporation – Accountant Mississauga

Should I pay myself salary or dividends from my corporation? To answer this question, you should look at the advantages and disadvantages of each.

The advantages of paying yourself a salary from your corporation are:

Salary is treated as earned income for RRSP purposes. This means that salary increases your RRSP room.
Salary is provable income for financing purposes. If you are planning on applying for a line of credit or a mortgage, then paying yourself a salary will help you qualify.
Salary is subject to Canada Pension Plan (CPP) premiums. By paying into the Canada Pension Plan your entitlement to CPP will increase.

Disadvantages of Salary

The disadvantages of paying yourself salary from your corporation are:

Paying salary is administratively cumbersome. You may have to hire an accountant in Mississauga to manage payroll remittances to the Canada Revenue Agency, preparation of T4 slips, calculation of source deductions, etc.
Salary is subject to CPP premiums at a rate of 9.9 cents for every $1 of salary. This can be expensive.

Advantages of Dividends – Should I pay myself salary or dividends from my corporation – Accountant Mississauga

The advantages of paying yourself a dividend from your corporation are:

Dividends are taxed at a lower rate than salary. In fact, the first $40,000 of dividends can be received completely tax-free.
Dividends are not subject to CPP premiums, which can add up to big savings.
Dividends are administratively simple. You do not have the burden that you do with payroll. To pay yourself a dividend, you simply write a cheque to yourself from your corporation.

In order to pay dividends, your articles of incorporation must allow for dividends to be paid. I recommend having your articles of incorporation reviewed by a business lawyer or Accountant in Mississauga.

Additionally, at the end of each year, a business lawyer should update your corporations minute books and prepare a directors resolution for the dividends paid.

Conclusion

Now that you know the advantages and disadvantages of dividends and salary, you should consult with an accountant in Mississauga to determine which one best fits your circumstances.

Types Of French Home Accessories

What makes your rooms attractive are not the materials used in making the house. There are small things that you can do to achieve big effects. You cannot change the building construction to get such effect. It will cost you a lot. The right yet money saving option for you to renovate your interior look are to use the French home accessories.

Home accessories from France especially serve the interior decoration purposes with their shapes, designs and colors. They can enable you to transform your home into something special. There are good French country style designs that will bring French touch in your room. All these accessories are well crafted and designed from day to day living experience and craving for beautification.

The boxes and storage equipments are good French home accessories. You can get metal or wooden boxes. Whichever type you select, the storage boxes will work out the miracle in your kitchen. The decorative metal boxes are exceptional items to keep in your kitchen. They offer luxury and aristocracy. You must not miss them, as they are durable and affordable. The design, shape and color of these storage boxes are fine. You can even place them on your dressing table. They will add glamour to your kitchen.
The French candleholders are yet another example of best home decorating accessory. These are unlike regular candleholders. The holders form a lot of symbolism and style for the house. Choose good colors and designs that will match the rest of the accessories in the house. Most of them are made of metal with very attractive features that will bring the French mood inside your living room. In fact, this particular French accessory can become the ultimate illuminating equipment if there was no electricity. Moving on, you will also find good candle rinds and snuffers.
Clocks also form a fundamental part of our homes. They are the ultimate decorative accessories you need to have in your rooms. Not only do they serve the purpose of telling you the time, but they also add glamour and improve the ambience. The French clock designs are very attractive. It is ideal for any family. The retro styles and color of the clock will match with anything you include in the house. You can also opt for equally gorgeous mantle clocks. They can make a French statement in any room you put them.

The list of French home accessories is not complete without enamel wall plaques. No matter where you put them, they will look unique and appealing.

You do not need to be in France to have that great French touch. All you need to do is to go for these home accessories and you will achieve it. You can change your home and make it more valuable using the French home accessories.

Kangaroo Mother Care To Enhance The Relationship Between You And Your Baby Its About Touch.

Skin-to-skin contact is the practice of caring for newborn infants that involves putting the infant on the mothers chest skin-to-skin, between the breast in an upright position. Skin-to-skin contact is an important part of newborn care known as Kangaroo Mother Care. For skin-to-skin contact to occur, the baby is in a diaper and a hat, and placed between the mothers breasts, so that frontal body contact of mother and infant is skin-to-skin. The infant and Mom or Dad are covered, and the mother provides warmth and stimulation that simulates the prenatal environment of the womb.

Whilst the benefits of skin-to-skin contact for both premature and full-term infants have been extensively researched, there has been less research about the effects on the Mom or the Dad and the developing parent-infant relationship. A multidisciplinary team of researchers and practitioners led by Dr. Ann Bigelow, Professor of Psychology at St Francis Xavier University, Antigonish, Nova Scotia, Canada, has undertaken research study to examine the impact of mother-infant skin-to-skin contact on Moms and their developing relationship with their babies. What was shown through the research was that Moms who spent more time doing Kangaroo Mother Care, that is in skin to skin contact with their newborn baby, then the greater the sensitivity and bond that was reported as being felt by the Mom toward her baby.

So as a new Mom or Dad you may want to think about:
What does skin-to-skin contact mean to you?
Have you ever heard of mothers and babies practicing skin-to-skin contact and what have you heard?
Have you, or anyone you know, practiced skin-to-skin contact ?
What are your predictions about what some of the benefits of skin-to-skin contact might be?

Kangaroo Mother Care helps in establishing and maintaining breastfeeding, nurturing of your baby while feeding, reducing feelings of depression that you as a Mom may experience, increase your babies alertness and responsiveness to you.

Once you have done Kangaroo Mother Care with your baby you may want to think about:
What was your experience and how easy was it?
What might encourage a mother or Father to try skin-to-skin contact with theirbaby?
What might limit a Moms and Dads from trying skin-to-skin contact with their baby?
What your views on the role of the father in skin-to-skin contact are?
How important is the role of health care practitioners in supporting skin-to-skin contact?
What can Moms and Dads do to gain the support of their health care practitioners for skin-to-skin contact after they give birth?
How can Moms and Dads support each other to provide skin-to-skin contact?
Do you think skin-to-skin contact has benefits for Moms, Dads and babies in your area?
Let us know your thoughts and answers to these questions by commenting on The Miracle of Kangaroo Mother Care site.

Problems Of Economic Democracy

The main problem of economic democracy goes with modern society capabilities of purchasing its output production. This problem lies literally speaking in a matter of not earning enough income. Command economies dominate and balanced mixed economies existed only for some shirt periods of time. Dangerous trends are powered by common resources that often are being monopolized by big imperial centers. With power and wealth being placed in one center a huge-scale social imbalance is rising in pair with economic looseness.

Economic democracy, like any other system considers wealth as a total of all material things produced to satisfy desires of people, plus exchange value. We need to count labor and land as two most important factors in wealth production. The land is not only about owning a part of our planet but all the natural forces, resources and opportunities that comes with a land. Human exertions is labor. Any small portion of wealth that is used to gain more wealth is called the capital.
From the end years of 19th century we know that the most of wealth is always created (of course in capitalistic economy of free market) by the land owners and all the monopolists. This produces masses of unearned wealth providing common poverty. From this point of view private savings are not necessary for economy to grow, but could also have harmful influence. As money became successful mechanism of commanding people, in every advanced industrial society business credit is necessary. Credit is ofter cheaper than stockpiling cash for longer period of time. And that also could prove that even big, old and rich companies must invest in innovation systems to provide successful future. Those words, by Henry George are considered wise even now, and it is good to know how capitalism is really working

Recession occurs when all those private savings are not reinvested again. It can also result in unemployment and massive fall of live level. Even retained earnings must be spent because if those are deposited in bank may not result in new purchases. The whole economy is based not on earnings but on exchanges. The capital must flow from hands to hands to increase people wealth. This simple idea stands behind all the secrets of modern economy and all financial collapses. If the proper flow of cash is reduced, the whole system is catching a cold. If the money flows without any problems “” we have golden years of prosperity.

There’s Profit Wholesale Baby Accessories

This is less difficult in comparison with manufacturing your own personal products, packaging as well as branding them, since you only have to carry enough stocks the market requires for. In reality, people who participate in online selling need not have their own warehouses to store goods if they’re handling a company that ships goods on your behalf or perhaps what is popularly known as drop shipping. This is certainly handy and at the same time, efficient.

Among the expanding popular niches today would be wholesale baby accessories. Each minute, children or potential prospects are born. You can easily consider the number of mothers who require to get baby accessories for their youngsters. First-time mothers in particular are most excited to acquire wholesale baby accessories. If you’re able to make use of this market, you could make far more profit by selling and buying wholesale. Baby fashion mostly reflects exactly the same kinds of apparels, varying only in color combinations as well as the type of textiles utilized to make them.

Why are wholesale baby accessories good products for any business specifically if you have infants? First, your baby may use product which wouldn’t sell. Furthermore, since baby clothing is different and the demand is big, there will be plenty of quick-moving products to complete your inventory therefore you won’t really have to be worried about being unable to sell. Trying out the type of clothing that you sell for your infant will definitely supply you with a various viewpoint and you will be able to answer a great deal of queries from prospects as honestly as it can be.

Small businessmen don’t need to commit lots of money to sell wholesale baby accessories. This can be done by being a joint venture partner or even asking for consignments. This indicates you only pay for the manufactured goods would cost a certain period and also you’ll just have to return those that do not sell. It is additionally important to get the trust not only of your consumers but additionally your suppliers. You can perform this by providing good client post sales service and constantly keeping your accounts along with your suppliers existing and paid for. Replenish stock only if there is a big demand for something in case you are on a tight budget. Do not overstock seasonal clothes and take full advantage of alternation in season sales as well as deals.

Wholesale baby accessories are now being sold over the internet by reliable businesses in and out of your country. There are now business portals which makes it easier for legit traders to meet and work. When dealing with these companies, constantly request duplicates of permits and also licenses, as well as photos of the actual warehouses and officials to ensure your safety when acquiring.

Mothers Necklaces Make Perfect Sympathy Gifts

The passing of a mother can be one of the hardest losses a person will experience throughout his or her entire life. It can understandably be extremely difficult to know what to say or how to act when trying to comfort an individual who has experienced such a loss. Many people choose the route of simply avoiding the subject at all cost because it makes them uncomfortable, but this can do more harm than good. Instead of burying and repressing feelings of grief and sadness, you can instead celebrate the mothers life by giving the gift of mothers necklaces.

Mothers necklaces are pieces of jewelry that are customizable to symbolize the relationship between mother and child. If you have a friend who has recently lost their mother, one of these necklaces can be a great gift to memorialize the life of their mother. Instead of giving flowers or a card that will simply litter their home for a few weeks, you can give a piece of beautiful jewelry that they can wear for many years, and remember their mother fondly each time they see it.

These necklaces also make great sympathy gifts to give on mothers day. This day can be extremely difficult for those without a mother, and people often forget that. You can show these individuals that you care, and that you are thinking of them, by giving a gift that will allow them to feel included on the holiday. By giving mothers necklaces to these individuals, you can help make them feel a little less lonely during a time that can be very emotionally difficult.

Mothers necklaces allow the grieving to celebrate the life and the love of their mother instead of focusing on her passing. You can give the gift of a necklace that is personalized with the name, initials, birthstone, or any other symbol that would represent the mother and child relationship. This is a gift that can highlight the beauty and joy of the relationship for many years to come.

You friends and loved ones will certainly appreciate the thoughtfulness of a personalized necklace as a sympathy gift. It shows them that you acknowledge their loss and their pain, but it also allows them to celebrate the relationship and time they had with their mother. A customized mother necklace will allow the child to keep the memory of their mother alive and close to their heart always.

What Is Economics

It never fails that when I ask people to describe the field of economics, the typical response is that it is the study of money or how to earn money. Moreover an ever increasing number of people regard economics as a form of politics or perhaps political science. Grading on the simple pass/fail basis all would of course fail.

Economics is mistaken for finance by some and politics by others. The later tends to sting a bit. Nevertheless, perhaps the confusion is understandable. After all economics must by necessity address matters common to both areas of understanding. Such has been the case since inception. Be that as it may the fact remains that, economics is best described as the study of human behaviour.

-What?- you say. -What about money, debts, saving, budgets?- Well economics certainly involves all those things and economists have been known to go on for hours on the pros and cons of public policy decisions. But at its core economics is the study of how flesh and blood human beings (not abstractions thereof) and the institutions they engender actually respond to various types and degrees of stimuli. Economics addresses financial implications without addressing the organization of financial data which is best suited to financial experts. Economics addresses the incentives and/or disincentives resulting from public policy and not necessarily the policies themselves which is best suited to politicians. Hence the economist focuses not so much on the tax rate as on the manner in which said rate affects human behaviour which in turn has a direct even if long term effect on the overall state of social institutions. Most importantly, economics answers the ever-ellusive -Why?- Why does an increase in demand drive prices higher? Why does welfare (corporate and social) incentivize licentiousness on the part of the recipient? Why do even good ideas generate diminishing returns over time? Why do certain policies produce results at odd with the intensions of those who author them? Why?, Why?, Why?, ad nauseum.

The problem is not that the confusion exists. Rather it is the fact that it causes the layperson to misconstrue economic laws for political rhetoric. This is particularly problematic when one is confronted with Austrian Economics for the -Austrian- is always deemed to be championing the political views of a specific politician and/or political party.

How to correct the problem? Well, I’ll leave that to the social theorists. I’m only an economist.

Monogrammed Diaper Bags for New Mothers

In the modern society, the needs of people change with the social and economic development, all the designs must be based on the actual demand of people, so that they could be sold very well, otherwise, the products will become unmarketable. And the concept of male superiority has already passed, women could play the same role with men now, women can also prop up one day, theirs role can not be ignored by others, and lots of women are unwilling to stay at home as a housewife, they also want to show theirs capabilities not only in the home, but also in the work, so that they could be regarded as the stylish, intelligent, confident, independent and healthy new era of women, the most beautiful women. But after when they become a mother, they will encounter the problem, how to balance the home and work, especially how to take good care of the babies? Louis Vuitton designers are so intelligent that they created a new kind of bag, which is called monogrammed diaper bags, and they are specially created for resolving this problem. Monogrammed diaper bags provide enough space for baby products.

Just like mentioned above, this kind of bag is mainly used to help mother to look after the babies, in that case, the new mothers could reduce worry about theirs angels at work, or reduce worry the work at home. When they are off duty, they could pay all theirs attentions on theirs angles, of course, the practicability is provided by the LV diaper bags also, the designers specially created the pockets for feeding bottle, diaper and tissue, so when they go out for a walk, there are enough outfit for maintaining the sanitation and clean of babies, at the same time, the mothers could also remain theirs feminine charm.

Monogrammed diaper bags will reduce the stress for the new moms, even at work; the children could also be well looked after by others if having it at home, by the way, it also blends the fashionable element of LV, like monogrammed patterns, shiny golden brass pieces, greatly adds the personal glamour. If you do not need it to putting the baby products, it could be also used as a daily bag, just like Damier Ebene Canvas Verona Bag.

So we could say that monogrammed diaper bags could be deemed as the good helper for new mothers, it could not only take care of the babies, but also make you still attractive, also the new era women.

Peterbilt Accessories For Your Vehicle

Peterbilt, the premiere name in auto accessories and parts, offers product accessories for your dash, like arm rests and cell phone mounts.

Peterbilt accessories come in all shapes and sizes, as do Peterbilt parts. You can purchase all kinds of fun products for your vehicle, from interior to exterior accessories. You can find resourceful products like CB radios as well as useful and comforting accessories for your car or truck such as cell phone holders, new cup holders and car seats. Peterbilt offers premium accessories and products that are sure to fit your style and taste no matter who you are or where you come from.

Peterbilt offers quality vehicles as well as exterior and interior quality products, accessories and parts that go along with those vehicles. Custom parts and accessories can be bought from Peterbilt to match your vehicle or to replace something like a fender. Quality product accessories can be purchased to add a nice cosmetic flair to the inside of your vehicle, or even to dress up the outside.

Exterior parts and accessories are perhaps the most plentiful when compared to the interior products. Instead of only the choice between their different dash boards that can be installed or things like visors and cell phone mounts, exterior parts and accessories offers a lot more.

Some exterior Peterbilt accessories would include, hood accessories, new fenders, new wheels and wheel accessories, new bumpers and bumper accessories, and just about any products worn on the outside of the truck. You can also choose between cab accessories, offering shock covers, CAB panels, keyhole trim, keyhole protectors, etc. Or under the heading of accessories for the wheels, you can choose between different lug nut covers, different styles and types, and hub caps or chrome hood ornaments. Many of these Peterbilt parts and accessories can be mixed and matched, bought and purchased together and even added one to the other. With so many Peterbilt parts and accessories to choose from you are sure to turn heads on the road.

Out of all the Peterbilt accessories, the interior ones are perhaps the most important to the driver on those long hauls. Just a few examples are, stainless steel visors that drop down for your convenience, mounts that pop up for your cell phone, portable GPS navigators that direct you where to go and can be installed directly into the dash, not to mention, completely new dash boards that are installed in the vehicle in no time that can totally change according to your style and comforts.

When looking at Peterbilt parts for the exterior, you can choose between eight broad categories, with each category offering more than a few different parts and exterior accessories for your perusal and consideration.

Economics tutors, your mentors to get the highest scores!

The main reason for this may be due a simple lack of understanding in certain topics or the Economics at large. If we look at the bigger picture with the pressures that are increasing with the competition most students find it difficult to do well in Economics. Parents and guardians too on account of the generation gap and a sheer lack of a similar experience probably at their school or college levels fail to understand the need for help or for Finance homework help. If students want to do well then seeking help is definitely not a bad option. Does not each one of us use helping hands when we are in trouble? Then why does the rule change if it comes to a student?

The far most crucial aspect that most guardians and parents fail to understand as mentors for their kids is the desire to do well. If this desire is suppressed in kids merely because they lack understanding in Economics or just because a lack of acceptance on account or preconceived notions about seeking help from Economics tutors can create a mental block in the minds of students.

If you dig deep enough you will infer that it is the fear of not being able to do well that results in poor performance in many Economics students. Hence a more practical approach to resolving kids’ problems is mandatory at this juncture if we want them to do well. Economics tutors help all kids who are trying to cross the hurdles that they are facing when it comes to Economics. They understand that students need just more than imparting knowledge and skills to learn Economics. What they need is someone who really understands the gravity of the situation and is willing to put on their shoes and assist them in doing well.

Economics tutors are used by many students across the globe to fulfill what they want to achieve and do well. All students aspire to be someone someday and the only way to success is by studying well enough so that as a student you are imparted with the right skill set and take you to your educational goal.

Economics tutors are available online at any point of time that you want and are accessible for any web based interactions that facilitate learning Economics. Among the value added benefits that you get is that as a student you learn at any time you feel comfortable depending on the time you can allocate. Once that is done as a student the interactive classes taken up by Economics tutors make it worth your while to study.

I am covering education news all over the world for the past 15 years. I like to write more about new forms of education. Find more about Finance homework at .