Financial Literacy Month-BMO's Tip of the Day: Small Business Owners, Take Advantage of Year-End Tax Strategies to Reduce Costs
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 11/28/12 -- To mark Financial Literacy Month, BMO Financial Group is releasing a series of financial tips throughout November. As part of BMO's commitment to 'Making Money Make Sense', the tips are designed to help individuals and families save and manage their day-to-day finances more effectively.
BMO's Tip of the Day: Small business owners should take advantage of applicable year-end tax strategies to minimize 2012 tax costs.
With 2013 just around the corner, small business owners should start implementing tax strategies that will help them minimize year-end costs and save money. Small business specialists, accountants and/or investment advisors can give owners a clear understanding of the financial health of their business, and provide them with straightforward methods that can pay dividends come tax time.
"It's a good idea to do a financial check-up well ahead of year-end to get a good idea of the tax strategies that are available to you," said Joe Collura, Small Business Banking Area Manager, BMO Bank of Montreal. "Consult with a small business specialist and your accountant to review some straightforward methods that can help minimize the amount of 2012 income tax payable."
BMO offers the following year-end tax considerations for small business owners:
"CFEE commends BMO's ongoing efforts to support Financial Literacy in Canada and promote ways in which Canadians can increase their competence and confidence when managing their personal finances on a day-to-day basis," said Gary Rabbior, President, Canadian Foundation for Economic Education (CFEE).
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For more on financial literacy, Canadians can visit the Government of Canada's website, as well as BMO's online resource.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $542 billion as at July 31, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
Contacts:
Media Contacts:
Jessica Park, Toronto
(416) 867-3996
Valerie Doucet, Montreal
(514) 877-8224
Laurie Grant, Vancouver
(604) 665-7596
Internet:
Twitter: (at)BMOmedia
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Unternehmensinformation / Kurzprofil:
Datum: 28.11.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 207536
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Commercial & Investment Banking
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