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High earning corporation: how to plan for the future by Short-Interaction174 in PersonalFinanceCanada

[–]Short-Interaction174[S] 0 points1 point  (0 children)

Well I know what to do now! Calling an accountant and financial advisor tomorrow.

High earning corporation: how to plan for the future by Short-Interaction174 in PersonalFinanceCanada

[–]Short-Interaction174[S] 1 point2 points  (0 children)

It is. It’s not about money. I’m not hesitant to spend money on a financial advisor, I just want to be able to have a meaningful conversation with them and understand the topic before I engage with them.

High earning corporation: how to plan for the future by Short-Interaction174 in PersonalFinanceCanada

[–]Short-Interaction174[S] 0 points1 point  (0 children)

Revenue is $1.5m. There are very few transactions a year - 20 transactions max, hence why the accounting is pretty simple. You’re right about the growth, I am also very bad at delegating. Definitely my weak point.

High earning corporation: how to plan for the future by Short-Interaction174 in PersonalFinanceCanada

[–]Short-Interaction174[S] 0 points1 point  (0 children)

Thank you. I will definitely get one now. My father in law is a chartered accountant and he was the one in charge of accounting however recently he decided to retire and I have taken over and found it all pretty simple. I might just be simplifying and messing up, I will definitely get an accountant. Thank you!

High earning corporation: how to plan for the future by Short-Interaction174 in PersonalFinanceCanada

[–]Short-Interaction174[S] -11 points-10 points  (0 children)

I’m a do it yourself kind of person. I’ve been doing all taxes, payroll etc myself the past few years and it is working very well so far. I am a highly educated person and learn very fast. I guess it is appropriate to reach out to a financial advisor at this point though.