Friday, October 28, 2011 by Michael Shumate Comments (0)
A recent US Tax Court decision (Fuhrman, TC Memo 2011-236) – in determining the appropriateness of a mere $100,000 management fee charged to a US taxpayer – held that to prove that a management fee is appropriate, certain conditions must be met. The taxpayer was unsuccessful largely because there was little or no documentation retained. View the full blog post
Tuesday, June 21, 2011 by Regan Exner Comments (0)
Whether the purchaser is an arm’s length entity, group of key employees or a family member, at some point all owners of successful businesses will consider the sale of their business and the resulting tax consequences. View the full blog post
Monday, December 07, 2009 by Calvin Carpenter Comments (0)
Bill 53, also known as the Professional Corporations Statutes Amendment Act, 2009 passed through the Alberta legislature and was given Royal Assent on November 26, 2009. View the full blog post