Amid the current COVID-19 pandemic, tax planning may not be top of mind for many business owners, but it is more important than ever to plan ahead for income taxes to avoid any unpleasant surprises later on. Here are five key strategies to consider when conducting year-end tax planning for your business in 2020.
If you think that you could benefit from any of these strategies, contact your local BDO office today. A trusted BDO advisor would be happy to assist you with your business's year-end planning.
Dave Walsh, Tax Service Line Leader
Bruce Sprague, Western Canada Tax Leader
Greg London, Eastern Canada Tax Leader
Peter Routly, Southern Ontario Tax Leader
Rachel Gervais, GTA Tax Leader