Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
REPEAT-BMO Says 'Make a List and Check it Twice': 5 Year-end Tax Tips for Small Business Owners

TORONTO, ONTARIO -- (Marketwire) -- 12/22/12 -- BMO Bank of Montreal encourages Canadian small business owners to be proactive and make use of a few simple year-end tax tips and strategies that can be beneficial come tax time.

"This year, businesses owners have shown a remarkable resiliency and moved forward with plans to invest and grow their business, and many small business owners we talk to are confident about their ability to finish out 2012 on solid ground," said Steve Murphy, Senior Vice President Commercial Banking, BMO Bank of Montreal. "Before the holiday rush, now is a good time to do a quick financial check-up with a small business specialist and your accountant to consider some straightforward tips and strategies to help minimize the amount of 2012 income tax payable."

For small business owners in Canada (most commonly a sole proprietorship or partnership), there are a number of year-end strategies that can be applied to reduce the amount of income tax payable, including:


1.  Do a 'Financial Check-Up': A small business specialist, accountant, and
    investment advisor can help owners make sure they have a clear
    understanding of their current financial situation. These professionals
    can also help develop or adjust existing plans based on new needs or
    changing circumstances. 
    
2.  Defer Income: Depending on a number of factors (e.g. future tax rates,
    projected profit or loss for 2012, cash flow), small business owners may
    be able to reduce the current taxes they will be paying by deferring
    some of the income they expect to receive in December into January 2013
    instead.  
    
3.  Gather Business Receipts and Increase Expenses: Maximize income tax
    deductions by ensuring all allowable receipts for business-related
    expenses (e.g. gas, stamps, customer lunches, coffee for the office) are
    kept and accounted for. Over the course of a year, those receipts for
    the little things can add up. Business owners should consult the
    guidelines available from the Canada Revenue Agency, or speak to their
    professional tax advisor about eligible business expenses.
    
    If it makes sense for their current business situation, businesses can
    also increase some expenditures now on things they plan to need early in
    2013 in order to maximize 2012 deductions. For example, small business
    owners can consider accelerating the purchase of new equipment or other
    depreciable assets before the end of the year to benefit potentially
    from a claim for tax depreciation in the current year. 
    
    
4.  Consider Inventory Write-offs: A drop in the value of inventory may also
    provide an opportunity for an additional income tax deduction for the
    current year. It is important to speak to a banking advisor and your
    accountant about the tax rules that apply to your particular situation. 
    
5.  Set-up a New RRSP or make that Maximum Annual RRSP Contribution: For
    unincorporated small business owners, income earned by the business
    becomes personal income when filing taxes using the T1 form. However,
    many small business owners fail to take full advantage of the best
    income tax deduction available to Canadians - the Registered Retirement
    Savings Plan (RRSP).
    
    RRSP contributions are deducted from annual income, thereby lowering
    income tax payable at the individual's marginal tax rate. Now is a great
    time to set-up a new RRSP or make a contribution to an existing plan for
    2012 to benefit from the tax-deferred growth right away. The process is
    simple, quick and can be done at any bank branch.  

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $525 billion as at October 31, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

Contacts:
Media Contacts:
Paul Cunliffe, Toronto
(416) 867-3996
paul.cunliffe@bmo.com

Valerie Doucet, Montreal
(514) 877-8224
valerie.doucet@bmo.com

Laurie Grant, Vancouver
(604) 665-7596
laurie.grant@bmo.com

Internet: www.bmo.com
Twitter: @BMOmedia

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest AJAXWorld RIA Stories
At the beginning of the book the authors say they created this book to be used in a classroom setting. I agree that it is a great book for the classroom, but I would also recommend it to anyone who wants to learn about the current Agile methodologies. It does what the title of th...
As an enterprise and software architect the one thing I hate most about my job is documentation, yet the importance of doing documentation on sizable projects is what I find myself preaching about the most. One reason I understand the importance of documentation is that I came f...
The premiere issue of the Internet of @ThingsExpo Newsletter contains highlights of the hottest sessions and speakers from Internet of @ThingsExpo, Call for Papers information, and sponsorship opportunities.
“At Cloud Expo in NYC last week I sat in on the Internet of Things power panel and then presented about how to monetize the Internet of Things. The room was packed, standing room only and I stuck around for a full 30 minutes afterwards answering questions before I had to tear mys...
Express Logic, Inc., the worldwide leader in royalty-free real-time operating systems (RTOSes), introduces X-Ware™, an integrated, optimized, comprehensive middleware solution that provides a solid foundation for Internet of Things (IoT) development. X-Ware consists of Express Lo...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE