Buckley Dodds CPA

02/27/2025

Taxes can be one of the largest expenses in retirement, and with changes to 2025 tax brackets, it’s essential to plan wisely.

Here are the key updates and tips:

💡 Federal Tax Brackets Adjusted for Inflation:

15%: $0 to $57,375
20.5%: $57,375 to $114,750
26%: $114,750 to $177,882
29%: $177,882 to $253,414
33%: Over $253,414

💡 Higher Basic Personal Amount (BPA):
The BPA has increased to $16,129, allowing retirees to earn more tax-free income.

Use RRSP withdrawals strategically to stay in lower brackets and maximize TFSAs for tax-free growth and withdrawals. Taxes don’t have to derail your retirement Contact Buckley Dodds CPA today to create a plan that protects your hard-earned savings.

02/21/2025

Mergers and acquisitions are exciting growth opportunities, but they also bring complex tax considerations that can make or break the success of a deal. That’s where our expertise comes in.

We work closely with businesses to ensure every tax angle is covered, from due diligence and risk assessment to structuring deals to minimize tax burdens. Our team is here to help you identify potential liabilities, uncover opportunities, and navigate post-transaction integration smoothly.

02/19/2025

Calling all BC startups! Did you know there are tax credits that can save you money and help your business grow? Here are four key programs you should know about:

1️⃣ SR&ED Tax Credits: Refundable federal credit for R&D, plus a 10% BC provincial credit for salaries, materials, and contractor costs.
2️⃣ Interactive Digital Media Credit: 17.5% refundable credit on eligible labour for video games, animation, or digital media development.
3️⃣ Venture Capital Tax Credit: Investors in BC startups can claim a 30% refundable tax credit, helping you secure funding.
4️⃣ Training Tax Credit: For employers and apprentices who take part in eligible apprenticeship programs administered through SkilledTradesBC.

Don’t miss out on these opportunities to fuel your growth. Contact us to make sure you’re maximizing your tax savings!

02/17/2025

Serving Vancouver and the Lower Mainland, our mission is simple: to provide every client with the personal care they deserve. Whether you’re a nonprofit, a startup finding your footing, or a large company navigating complex challenges, we’re here to truly understand your unique needs and provide accounting services that will support your business as you grow.

At Buckley Dodds CPA, we offer an extensive spectrum of accounting, taxation, and assurance solutions, catering to both publicly listed and privately held companies, owner-operated enterprises, and individuals.

02/12/2025

Meet Lucy our Staff Accountant! Lucy holds a Bachelor of Commerce from the University of British Columbia and specializes in audit and assurance services. Known for her attention to detail and analytical skills, she’s dedicated to delivering exceptional client value.

Outside of work, Lucy enjoys hiking, travelling, and reading a good book.

02/11/2025

A warning to businesses! The Canadian GST Holiday officially ends this weekend, make sure to prepare your POS systems.

For business owners, this was an opportunity to drive sales and engage customers. Did it work for you?

02/07/2025

For one client, an $8,000 PST audit could have been a major setback, but we stepped in to fight for their business. We successfully reduced the amount to less than $1,000, proving that smart strategies and expert advocacy make all the difference.

Reach out today to see how we can help your business succeed.

At Buckley Dodds CPA, we offer an extensive spectrum of accounting, taxation, and assurance solutions, catering to both publicly listed and privately held companies, owner-operated enterprises, and individuals.

02/05/2025

Every successful startup starts with smart financial planning. Are you ready?

Imagine having the clarity to make confident decisions, the tools to track every dollar, and the confidence that your finances are built for scalability. Whether you’re securing funding or navigating cash flow challenges, we’re here to set you up for long-term success.

Contact us: bit.ly/48tW7eK

01/30/2025

Navigating the complexities of mergers and acquisitions requires not only strategic insight but also meticulous accounting expertise. Our dedicated team is equipped to provide comprehensive accounting services that ensure accurate financial assessments, seamless integration, and compliance with regulatory standards.

Partner with us to enhance your business journey and achieve sustainable growth. Learn more 🔗buckleydoddscpa.com

01/28/2025

Let’s break down when you should bring in some financial pros. Whether you're just starting out or scaling up, having the right support can make all the difference.

👩‍💻Tax Accountant: If you're a new business owner, it's a good idea to consult with a tax accountant even before you launch. We can help you choose the best entity type for your business. If you’re already running your show, make sure to connect with a tax accountant a few months before your first tax filing deadline.

🧾Bookkeeper: As soon as your business starts bringing in some income, consider hiring a bookkeeper, especially if you’re not super confident in handling your books. A good bookkeeper will set you up with a solid foundation, saving you time and money down the line.

📈 Financial Advisory: If your business is growing and you need more in-depth financial analysis, it might be time to get some advice on your financials. We can help with forecasting, budgeting, and operational reviews, and systems development to keep your finances on track

01/24/2025

The Roy family's dramatic leadership battles may make for great TV, but they also highlight what not to do when planning for the future of your business. Here are 5 lessons inspired by Succession that every business owner should consider:

1️⃣ Start Early: The Roy family’s lack of a clear plan leads to chaos. Avoid this by establishing a succession strategy well in advance to ensure a smooth transition.

2️⃣ Define Roles Clearly: Ambiguity breeds conflict. Clearly outlining leadership roles prevents power struggles and keeps operations steady.

3️⃣ Be Transparent: Secrecy creates mistrust. Openly communicate your succession plan with key stakeholders to foster alignment and trust.

4️⃣ Mentor Future Leaders: Like the unprepared Roy siblings, successors need proper guidance. Invest in mentoring to develop confident, capable leaders.

5️⃣ Plan for Taxes: Overlooking tax implications can create financial headaches. Incorporate tax planning into your succession strategy to protect your business’s future.

Succession planning is about protecting your legacy. With careful preparation, you can avoid the drama and ensure a seamless transition for your business.

At Buckley Dodds CPA, we offer an extensive spectrum of accounting, taxation, and assurance solutions, catering to both publicly listed and privately held companies, owner-operated enterprises, and individuals.

01/21/2025

Running a business is a lot like juggling. You keep your eyes on the prize, but it’s easy to drop the ball with all that paperwork flying around.

At Buckley Dodds CPA, we believe in more than just crunching numbers. Our mission is to provide you with personalized care and handle the tedious stuff so you can focus on what really matters—growing your business.

Talk to us: buckleydoddscpa.com