Tax Planning & Advisory

Tax planning is not about finding last-minute deductions. It is about making informed decisions throughout the year that reduce surprises, improve cash flow, and support long-term goals.

At Creekside Accounting, we provide tax planning and advisory services for business owners in Kelowna and the surrounding Okanagan area. Our focus is on proactive advice that connects business activity, personal income, and tax outcomes - so you understand not just what you owe, but why.

This service is designed for business owners who want clarity, strategy, and ongoing guidance, not reactive tax filing.

Many business owners assume tax planning happens when a return is filed. In reality, most tax outcomes are determined by decisions made months earlier.

Effective tax planning helps answer questions like:

• Should I pay myself a salary or dividends?
   
• How much should I set aside for tax?
   
• Does it make sense to incorporate or restructure?
   
• How do business decisions affect my personal tax return?
   
• Why do I owe tax even when cash feels tight?
   

Tax planning provides context and direction before those decisions are locked in.

Tax planning and advisory services are tailored to your situation and may include:

• Owner compensation planning (salary vs dividends)
   
• Corporate and personal tax integration
   
• Review of business structure and incorporation considerations
   
• Tax estimates and savings recommendations
   
• Tax instalment and cash flow planning
   
• Planning for growth, transitions, or major changes

• Profitability improvement recommendations
   
• CRA notice review and tax-related guidance
   
• Coordination with bookkeeping, financial statements, and tax filings
   

Advice is practical, clearly explained, and focused on decisions you can act on.

This service is a good fit if you:

• Own or operate a business and want proactive tax guidance
   
• Are incorporated or considering incorporation
   
• Want to understand how decisions affect both business and personal tax
   
• Value clear explanations over technical jargon
   
• Prefer planning ahead rather than reacting at tax time
   

We commonly work with owner-managed businesses, professionals, consultants, and trades-based businesses as they grow and evolve.

This service may not be the right fit if you:

• Only want basic tax return preparation
   
• Are looking for one-time advice without other tax services
   
• Prefer reactive, deadline-driven tax support
   
• Are seeking aggressive or non-compliant tax strategies
   

Our goal is sustainable, compliant planning that supports long-term success.

Tax planning is most effective when it is integrated with your broader accounting and tax support. Many advisory clients also work with us for:

• Corporate tax services (T2 preparation and planning)
   
• Corporate accounting and financial statements
   
• Ongoing bookkeeping and accounting support
   
• Personal income tax preparation
   

This coordinated approach ensures advice is grounded in accurate numbers and realistic outcomes.

Our advisory approach is collaborative and structured:

1. Review your current situation - We assess your business structure, income sources, and recent tax filings.
    
2. Identify planning opportunities - We highlight areas where decisions can improve tax outcomes or cash flow.
    
3. Explain options clearly - You receive practical explanations, not abstract theory.
    
4. Support implementation - Planning is aligned with your accounting and tax filings.
    

This ensures advice translates into real results, not just recommendations.

If you are a business owner looking for proactive tax planning and advisory support, the next ideal step is to book a paid consultation.

We will review your situation, discuss your goals, and outline whether this service is the right fit.