Monthly Archives: April 2014

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.

Asia Pacific Pharma Sector Analysis

RNCOS has recently added a new Market Research Report titled, Asia Pacific Pharma Sector Analysis to its report gallery. The Asia-Pacific region is emerging as the fastest growing pharmaceutical industry in the global pharmaceutical arena. In the recent years, the demand for healthcare services has risen among the regions populations. According to our new research report, the low operating costs and skilled manpower continue to attract pharmaceutical companies towards Asia Pacific, which is now emerging as a powerhouse of pharmaceutical Research & Development (R&D). The future of the industry in the region remains bright, and is projected to grow at a compound annual rate of around 10% during 2012-2015.

The report, Asia Pacific Pharma Sector Analysis, finds that the market growth will mainly be driven by factors, like changing regulatory environment, increasing disposable incomes, rising prevalence of lifestyle diseases, and significant developments in the field of contract manufacturing, particularly in APIs. On studying the pharmaceutical market in each country, we observed that mature markets such as Japan and Australia are experiencing slower growth rates, while emerging as new market leaders, China and India are enjoying investments by foreign pharmaceutical companies. South Korea and New Zealand are relatively small markets, with the growth limited by the size of these island nations. We have also studied the market scenario in Indonesia, Thailand, the Philippines, Malaysia and Vietnam.

We also found out why the Asia-Pacific region is emerging as a new destination for the generic drugs industry. As per our findings, the western countries face the issue of poorly defined regulatory pathways, and a few Asian countries are well positioned to benefit from these changes, attracting huge investments by generic companies. The OTC sector in the region has also been expanding rapidly. The study of other emerging trends revealed that the growing market for vaccines and medical tourism is giving new dimension to the regions pharmaceutical industry. Though Asia-Pacific is emerging as a right place for the drug-related research, the region lacks IPR regime. The report provides in-depth information about regulatory environment and key market players in each country. This way, our research work aims at presenting a fair picture of the industry to clients.

For FREE SAMPLE of this report visit:

Some of our Related Reports are:

– Global Telemedicine Market Analysis ()
– Personalized Medicine Market Analysis ()
– Global Regenerative Medicine Market ()
– Emerging Pharmaceutical Markets Globally()
– Booming Clinical Trials Market in India ()

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About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

Sato Travel Government

Sato Travel government agency is the largest service provider of its kind in the United States with incredible ticket sales of nearly $4.2 billion per year. The agency has been functional for fifty years now and has the reputation of offering great travel conditions to the U.S. government worldwide. Sato Travel government agency offers not only airline tickets, hotel and car reservations, as it provides more special services too: like airport meeting, leisure travel or end-to-end voyage options. In the United States there are three hundred customer on-site offices, but the agency also has bureaus in ten other countries.

The strong points of Sato Travel government agency refer to a very advantageous fee policy, the possibility to book routine travel on the Internet, the chance to use vouchers, all activities being tackled with superior management skills. The needs of a military or a governmental traveler are unique in terms of service, which explains why there is a special organization to take care of national traveling exclusively. Sato Travel government policy relies on the use of the Defense Travel System that enables any military or government member to plan their trips in the best of conditions whether for work or leisure purposes.

Since its launch, Sato Travel government agency has served the purposes of the Department of Defense for good airline traffic at the highest extent. Thus, the agency covers all the details for the departure from the the booking and the specific estimates to the authorization approval. Moreover, the traveler receives weather updates as well as all sorts of tips for destination planning. The fees for the reservations are considerably lower as compared to any other travel agency. Yet, alarming reports and very serious accusations have been made concerning the purchase of millions of plane tickets that were never used or refunded, which equals with a very serious budget waste.

Presently, Sato Travel government agency works an official partner of FlyteComm, a top service provider of travel flight tracking solutions. The Sato Travel government clients receive recommendations for various kinds of flight tracking services that mainly cover real-flight data from a very large number of airports and airlines not only in the United States but everywhere in North America. The travel experience is thus expected to increase in terms of quality and efficiency, since the managing companies now have all the elements necessary to announce the flight traveling schedules of their passengers in the most advantageous of conditions.

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Is The Economic Slowdown Good For Mechanic College Grads

Recent studies by Polk, a firm that specializes in intelligence about the automotive industry, indicate that American consumers are keeping their cars for longer information that could have more than one positive ramification for students currently enrolled in mechanic college.

Why should anyone enrolled in a mechanic program pay attention to this news? Because it could mean an increase in demand for the kind of automotive repair services that they are training to offer people.

The studies conducted by Polk track the age of vehicles currently in operation. The 2012 study found an increase in the age between 2011 as compared with 2010. But this is not the most important piece of information, from the perspective of anyone currently pursuing mechanic courses.

Mechanic college students would perhaps be more interested to know that the age of cars in use has risen very quickly and dramatically over the past five years.

Cars are getting older, and individual owners are owning them longer, meaning that they are more likely to seek the repair services of graduates of mechanic college. The average amount of time that owners hold on to their vehicles, whether new or previously owned, is said to have increased by 23% since 2008. Owners are keeping their new cars and trucks for close to six years, more than 25% longer than before 2008. Many owners are taking advantage of longer-term financing so as to better be able to afford the monthly payments. And, as students may learn in mechanic courses, car use has been falling among specific segments of the population, particularly teens (a phenomenon that some have blamed on social media rather than on such economic concerns as the rising price of gas).

(Not all of this can be attributed to the slowdown. Some research suggests that this generation of vehicles has simply been built to higher, longer lasting standards, perhaps thanks to the ingenuity of former students in mechanic college.)

Consumers are spending less on buying new-to-them vehicles. This likely translates into more money spent on maintenance good news for graduates of mechanic college.

Another piece of information from the same organization that may also be of interest to students in mechanic courses: the total number of cars on the road declined between 2008 and 2011. But some industry observers have suggested that car purchases will soon go up, as consumers replace non-existent or ageing cars, creating more potential repair work for those currently enrolled in a mechanic program. The pent-up demand is expected to drive sales as the economy recovers. And with those new cars will come the need for more repair services.

In conclusion, the economic slowdown has not destroyed the North American car industry Far from it. Rather, it has changed it in such a way as to have possibly even increased demand for graduates of mechanic college.

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Asia Pacific Ethyl Acetate Industry Outlook to 2015 – Market Size, Company Share, Price Trends, Cap

Summary

Companys report, Asia Pacific Ethyl Acetate Industry Outlook to 2015 – Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants provides an in-depth coverage of Asia Pacific Ethyl Acetate industry. The research presents major market trends affecting Ethyl Acetate in the region. It provides capacity growth and presents installed capacity by key feedstock, process and technology. In addition, it presents market size, demand and production forecasts, end use demand forecasts, and company shares of major Ethyl Acetate producers in the region. The research also provides price trends and trade balance data. Supply and demand scenario for key countries within the region is also included in the report. Overall, the reports present a comprehensive analysis of the Ethyl Acetate in the region covering all the major parameters.

Scope

– Ethyl Acetate industry supply scenario in the region from 2000 to 2015 consisting of capacity growth, installed plant capacity by key feedstock, production process and technology – Supply and demand outlook in key countries in Asia Pacific from 2000 to 2015 – Information of all active and planned Ethyl Acetate plants in Asia Pacific with capacity forecasts to 2015 – Detailed information on all operating and planned projects covering details such as process, technology, key feedstock and operator and equity details – Ethyl Acetate industry market dynamics in Asia Pacific from 2000 to 2015 consisting of market size, demand and production outlook, demand by end use sector, and average prices – Key countries trade balance data from 2000 to 2015 including details on imports, exports, net exports and imports as percentage of demand – Comparison of supply demand scenario in Asia Pacific with other regions in the world – Company snapshots including company overview, business description and information on the current and upcoming Ethyl Acetate plants in Asia Pacific – Company shares of key competitors in Asia Pacific and across major countries in the region

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Economic Instability Drives Gold Investment

During times of economic instability, investors naturally seek to find a way to minimize any potential losses and invest in assets that will hold their value. One such investment is gold, a traditionally popular choice during economic volatility for a number of factors.

Investors during these periods often look to diversify their portfolios away from the stock market which fluctuates with the economy and is therefore at risk of crippling losses of value, losing money for investors over years or even decades. Gold is an obvious choice for many investors because gold is not linked to the economy in the same way that stocks are. As gold has been used as currency across much of the world in the past, it is not tied to one particular government or economy, which causes it, in effect, to be a global, international form of currency. While it is not impervious to fluctuation, these changes aren’t linked to economies and therefore much less likely to lose investors’ money during a downturn.

Gold does not depreciate in value, partly due to the fact that it is not only an internationally recognised currency but also a commodity. Hence, during unstable periods, gold is a wise choice; stocks can fail but gold will not, or at least not to such a drastic extent. It will always be in demand, not least because large markets like the electronics industry and the jewellery market use it extensively.

For the reason that it acts as a hedge for inflation, gold is seen as a ‘safe’ investment. When stocks and bonds decline, it often follows that investments like gold, which have intrinsic value, actually increase in worth, and are therefore less likely to cause losses. When the economy is suffering from negative interest rates, a situation whereby inflation is higher than the nominal inflation rate, gold is often a sound investment. In these cases saving with a bank is often seen as more high-risk than owning a tangible asset.

Although investing in gold is not a completely sound method of avoiding economic instability and does not ensure fully a hedge against inflation, it does have a proven record of minimizing losses during these times. This is evidenced by the fact that gold held its value through the worst of the last century’s economic crises, the Great Depression and World War Two. This established testimony to gold’s ability to hold its worth is a significant aspect in the tradition of investing in gold during economic problems.

Skymol Corporation Launches White Label Solution Of Its Live Video Chat Software Platform

Through the white label program, partners now can privately label Skymol’s best-in-class, on-demand live chat software platform and resell it to customers as their own.

“We’re excited to provide partners with the opportunity to expand their business offerings using Skymol’s cutting edge cloud-based live video chat solution,” said Thomas Morocz, Chief Strategy Officer & Co-Founder of Skymol Corporation. “Our reseller partners can benefit from the ability to provide SMEs with white labeled live video chat software offerings that provide aggressive remuneration,” continued Morocz.

The program provides partners with a number of benefits:

The platform is cloud-based, run on Skymols top tier servers located in datacenters in Houston, TX, USA, protected by industry standard security technology, such as firewalls and security analyzers using SSL (Secure Socket Layer) encryption, power backup and redundant Internet connectivity. There are no onsite servers to build, install or maintain.
Partners can utilize a white label customization interface that is available online to upload their header images and logos displayed in the chat windows, change window titles, colors, header and footer texts that will be shown to their own customer base.
Partners are provided with a FREE full featured Skymol Communicator Business Edition account with 1 agent license (seat). Additional agent licenses (seats) are available at discounted price for them.
Partners have direct contact with their clients. Skymol never contacts them, it communicates only with Partners.
Partners set their own prices and bill their customers.
Free technical support.
And much more.

We are committed to building our white label partner program and working with companies to provide the support they need to succeed in expanding their offerings with privately labeled Skymol technology, concluded Morocz.

Reseller partners interested in participating must meet certain criteria. Skymol will qualify reseller candidates to make sure that they have an applicable business to distribute the offering, and they also must meet minimum monthly revenue requirements to maintain all the benefits the program provides them. To ensure the success of new partners in the program, Skymol is providing training, tutorials and datasheets that can be branded. Skymol will also provide free technical support to white label partners. For more information on the Skymol White Label Partner Program, contact Thomas Morocz, Chief Strategy Officer at +82.10.7120.7551 or via e-mail at thomas.morocz [at] skymolcorp.com.

About Skymol Corporation
Skymol Corporation, a provider of technology facilitating on-demand real-time online customer interaction using voice, video, and text chat communications. Skymol has set itself apart as an innovator through its pioneering suite of applications, delivering its solutions to the enterprise and SME market. Its key mission is to pioneer live video chat solutions for sales and customer service. Skymol operates from Hungary, EU and runs an extensive Technology Development Center there. Its Asian division is based in Seoul, South Korea. Skymol’s competitors include Boldchat, Liveperson, Velaro and Talisma. For further details, please visit us at .

ASEAN Still Searching for Consensus on South China Sea Dispute

Southeast Asian leaders say they will rush to reach a unified position on resolving competing territorial claims in the South China Sea. During the final day of a key Association of Southeast Asian Nations leaders summit in Phnom Penh, negotiators struggled to reach a consensus on how to approach the disputes with China.na.

The maritime dispute has become increasingly heated in the last year. China claims ownership of much of the South China Sea, along with four ASEAN states, including the Philippines.

On Wednesday, ASEAN chair Cambodia issued a statement saying that the ten member states have agreed to “intensify efforts” on agreeing to a code of conduct, or CoC, on the dispute.

The question that ASEAN leaders sought to answer this week, is whether China would be involved in those discussions before the group had reached a consensus.

“It must be resolved peacefully in accordance with a rules-based regime and the new element that we’ve introduced is that the drafting of the CoC and the inclusion of the major elements should actually made by ASEAN internally before China is invited,” stated Albert Del Rosario, the Philippines’ secretary of foreign affairs.

ASEAN officials said Wednesday’s pledge to expedite the process is an attempt to reach that consensus as soon as possible.

But the next scheduled meeting on the issue between China and ASEAN is only months away. On Wednesday, other ASEAN leaders said it was important to have a common position in any regional negotiations, but they also left the door open to China’s involvement.

“This is not necessarily a neat sequential process isn’t it. Of course, ASEAN – first and foremost, must have a solid consolidated position,” said Marty Natalegawa, Indonesia’s foreign affairs minister and a former ASEAN chairman. “But at the same time as we proceed, there will be constant communication through the ASEAN-China framework, so that whatever final position ASEAN comes up with will have benefited from having some kind of communication with China,” he said.

It has been 10 years since ASEAN members first agreed in principle to reach a consensus on the South China Sea. Yet member nations still have failed in seeking a common approach to govern negotiations with China. The issue has become increasingly heated in the last year, particularly with maritime confrontations between China and the Philippines.

Although they failed again to reach a consensus, Natalegawa says this week discussions were a positive step.

“The big picture is one that must not be lost – now we have a situation where all are basically rushing to get the CoC off the ground. Which was not the case before. Now we have China wanting to come in and ASEAN wanting to finalize the CoC as soon as possible,” said Natalegawa. “This is all good dynamics.”

The next ASEAN leaders’ summit is scheduled for November, also in Cambodia.