Ep 3 Keys To The Vault with Whitney Hammond & Kelly Ross
Should I incorporate?
Accountants are telling their clients not to incorporate without understand the bigger picture of their financial situation and wealth trajectory. But it’s a very personal decision that depends on your end goals.
From a financial planning AND accounting point of view, Whitney Hammond & Kelly Ross break it down:
what is the end goal ? what is going to happen with this company ? are the growth projections there ?
Sometimes reorganizations can be more costly in the future
Why you need to understand RETAINED EARNINGS. It’s GOLD.
What is a section 85 rollover
Some accountants just to tax compliance - but when you sit down with someone like Kelly Ross, she has the brain to look at the bigger picture and optimize using wealth building strategies.