If you are the owner-manager of a company, you know that finding ways to help reduce your and your company’s taxes can be challenging. However, a year-end review is one easy way to check that your company’s distributions are structured in a tax-efficient manner, and that you are not missing any opportunities for tax savings. A comprehensive review can also be an effective way to ensure that you are following the latest legislative changes that could affect your company’s tax obligations. Taking advantage of tax savings opportunities may be especially important for 2025 given the ongoing economic uncertainty related to global trade issues that are affecting many businesses.
The tax rules for private or family-owned businesses are complex and may significantly affect you, your family and your private company. Before undertaking any tax planning, we recommend that you meet with your KPMG Private Enterprise Tax or KPMG Family Office Adviser as soon as possible to review your tax situation.
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