Macnaughton & Ward Financial Services Ltd

Description

Macnaughton & Ward Financial Services Ltd. is here for your Insurance and Investment needs. We are dedicated to providing you, our customer, with knowledgeable, competent, and professional service. Our representatives are dedicated to servicing our valued clients. This is achieved by our wealth of knowledge, and the professional relationships that we share with our thousands of individual or business clients. Deal with the professionals who will assess your needs and recommend the best products at the best price. We strive to shop the marketplace to obtain the best rates available.

One of the major areas of Estate Planning that we work in is Business Succession Planning. We have identified from our experience working with business owners that your business may be one of your largest assets. Upon your death, what plans do you have in place to ensure that your business survives and maintains ongoing profitability? Often business owners may want the business to be kept in the family, sold to an outsider, or perhaps even liquidated. The options for you to consider will depend on your personal wishes and circumstances.

Suppose a sole proprietor has built a business valued at more than $1 million. He wants his son to take over, but is worried about estate taxes. When he dies, his estate will owe taxes on the capital gain in the business. There may be very little to go to his wife, because of the huge tax bill and his son may have to take out a loan he cannot afford. The solution is a life policy on the sole proprietor sufficient to pay the taxes. The company itself takes out the policy and pays the premiums. When he dies, the death benefit goes to a capital dividend account, minus the amount spent in premiums.

For over 25 years, Macnaughton & Ward Financial Services has been preparing Income Tax Returns for thousands of satisfied clients. We employ full-time tax preparers that are available to assist you in completing your tax returns in an accurate manner, and can help also maximize credits or refunds that are coming due to you. Most individuals are required by law to file their federal income tax returns by April 30th each year. For individuals that have business income and their spouses, this date is extended to June 15th although any balance of tax owing is due on April 30th.

Your success is important to us. That is why we offer tailored products and services for your business and for your number one resource, your employees. Whether your business is big or small, we have the product to meet both your needs and those of your employees. Our group insurance plans help you keep your employees.

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