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GGFL COVID-19 Commentary Week #5

GGFL COVID-19 Commentary Week #5

By: Donna Ho-Faloon Dentists and doctors are not professionals typically associated with economic vulnerability but the COVID-19 pandemic is proving to be a blight on the entire small business community of which dentists and doctors are very much a part. We understand enough about how the virus is spread to understand how precarious working life […]

COVID-19, Taxes and  Office Operations

COVID-19, Taxes and Office Operations

Updated April 16, 2020 Additional COVID-19 Resources Managing Your Cash Flow During COVID-19 New Tax Filing and Tax Payment Deadlines COVID-19 – Helping Your Employees The Canada Emergency Wage Subsidy Aid for Students and the Canadian Emergency Student Benefit GGFL Service Changes Secure Document Drop-Off Signing Your Tax Return Electronically From Bricks And Mortar To […]

Passing the torch: The complexities of succession planning

Passing the torch: The complexities of succession planning

It is a common scenario. An entrepreneur has put their heart and soul into developing a successful business and now has some crucial decisions to make about who will run the business and how the accumulated wealth will be shared after he or she retires or dies. Succession planning is a detailed, often emotional and […]

Young physicians and financial health: Getting the right diagnosis

Young physicians and financial health: Getting the right diagnosis

Young physicians at the beginning of their careers are well-versed in the workings of the human body, but usually have lots of basic questions when it comes to the fundamentals of running a business.

Claudia Rosianu, GGFL’s assurance and advisory services principal, specializes in physician finances and has the answers to these questions.

The Doctor’s Financial Lifecycle Part 2: Transitioning From Salaried to Self-Employed

The Doctor’s Financial Lifecycle Part 2: Transitioning From Salaried to Self-Employed

Becoming a doctor is no easy feat. We can tell you a few things about the business side of your practice and help get you on the road to financial security.
We can help you navigate the tax issues that distinguish the salaried resident from the self-employed physician. You should know about paying income tax installments, allowable business deductions, and filing returns. And, should you incorporate?