Federal Tax Reform Proposals: DAS Legal Can Help

The controversial tax-reform proposals have been sweeping the internet the last couple of months. The federal government has a plan to address the use of some common tax-management tools for private corporations. But how much will these changes cost small businesses?

 

In the federal proposals, there are 3 main changes being discussed:

  1. To limit the spreading of income and capital gains among family members associated with the corporation.
  2. To prevent a corporation from investing in passive assets using corporate after-tax earnings.
  3. To ensure that capital-gain tax treatment cannot be used in taking out corporate earnings in lieu of taxable dividends.

 

If you are concerned at all with whether or not your small business will be impacted by these changes to the federal tax laws, DAS Legal is here to help. They offer an Elite Package that has coverage for Tax Protection. After you have filed your taxes, if you happen to get audited and informed by the CRA that you owe any additional taxes because they did not comply properly with the new tax laws. DAS Legal will assign you a tax lawyer to work with you and your accountant (if applicable) to represent you with the CRA.

 

There is a $500 tax protection deductible, but DAS Legal will cover all of the reasonable and necessary costs incurred by the appointed representative, this includes any of the additional expenses and disbursements such as experts’ fees, court fees, and reports. If you are audited DAS Legal will cover you.

 

Still have questions? As a DAS policyholder, feel free to call their helpline with any general legal questions before filing a claim – 1-877-255-4269. Policies start at $175+ tax per year, for more information click here.

 

Be sure to visit the Bullfrog Blog often for more tips on marketing, productivity and risk mitigation!

The Guarantee and Bullfrog Insurance Partner to Offer Online Insurance Coverage for Canadian Small Businesses

in-the-press

AS SEEN ON: Canadian Underwriter

Toronto – July 8, 2015

The Guarantee Company of North America (The Guarantee) has teamed up with Bullfrog Insurance to provide a faster and simpler way for Canadian small business owners to obtain small business insurance.

Called Bullfrog Insurance –“insurance without the bull”— this new online portal was designed to allow business owners to purchase a policy that is tailored to their industry and meets their budget. Small business owners in the Canadian marketplace no longer have to fill out long, tedious forms and wait days, even weeks, to receive insurance quotes for their small business.

“Small business owners today are part of a very competitive marketplace and struggle to find time to get the insurance they need without being tied up in a rather consuming process” says Glenn Woodard, National Vice-President, Corporate Insurance, The Guarantee.

As small business owners usually find themselves confused over what coverage they need, Bullfrog Insurance ensures businesses are getting the right coverage based on the industry in which they operate. Should owners have any questions, there are experienced Bullfrog Insurance brokers they can reach through online chat or by phone.

“The online process is simple and you can select your business category from a drop-down menu so you know you are getting a policy that is specific to your line of business,” says Sam Natur, CEO & President, Bullfrog Insurance. “You get the coverage you need with the security of knowing you aren’t over or under insured. Bullfrog Insurance is going to flip the commercial insurance market on its head. It’s just what small businesses need in today’s marketplace.”

Initially launched in Ontario, Bullfrog Insurance has now expanded to include two other provinces, British Columbia and Alberta. With more expansion plans in the works, you can expect to see Bullfrog Insurance partnering with insurers like The Guarantee to cater to small businesses across Canada.

“One policy at a time, we will make it easier for Canadian small businesses to prosper while being protected from potential risks that could halt their growth,” added Woodard. “We are very excited to be part of a program that is the first of its kind in Canada and that can provide Canadian small business owners with the right risk protection and ease they deserve.”

For more information, visit http://bullfroginsurance.com/

About The Guarantee
The Guarantee Company of North America is a leader in specialty insurance and surety within the North American marketplace. We offer in-depth knowledge and expertise in niche segments, including the surety industry, corporate insurance, transportation industry, credit, and customized personal insurance. For more information, visit theguarantee.com.

About Bullfrog Insurance
Bullfrog Insurance is a licensed Canadian insurance brokerage that is dedicated to providing commercial insurance for small business enterprises. Working with many of Canada’s best insurance companies, we offer small business owners a fast and simple way to quickly and easily shop for the right insurance coverage to protect their business from unforeseen losses. For more information, visit bullfroginsurance.com.

Media Contacts
Tina Kenny
Bullfrog Insurance Ltd.
416.644.1201
tina@bullfroginsurance.com

Linda Domenichini
The Guarantee Company of North America
416-223-9580 ext. 11351
linda.domenichini@theguarantee.com

Bullfrog Insurance is the First in Canada to Quote & Bind for Small Business Liability Insurance Need

in-the-press


AS SEEN ON: Canada NewsWire

A premier provider, this online Canadian insurance broker offers free no obligation small business insurance quotes in just minutes from a variety of reputable firms. Coverages offered include, but are not limited to: liability insurance, business property insurance and commercial automobile insurance.

MISSISSAUGA, ON, June 23, 2015 /CNW/ – As of March 2015, Bullfrog Insurance (www.BullFrogInsurance.com)  became the first brokerage in Canada to quote and bind small business insurance policies online. An industry leader in commercial general liability insurance for business owners and entrepreneurs, Bullfrog Insurance allows individuals to obtain a free, no obligation insurance quote and purchase online for convenience.

Insurance, especially liability insurance, is an essential component of conducting business in today’s world and offers the means for business owners to protect their assets, meet liability responsibility, and preserve their livelihood. Bullfrog Insurance provides small business owners in multiple industries with the protection they need for a wide range of endeavors.

Although many small businesses need it, liability insurance coverage isn’t a simple one-size-fits-all proposition. Different businesses have specific needs depending upon their products and services, location, and whether they conduct commerce online. Individuals within the following fields: healthcare professionals, office professionals, contractors and retailers can obtain quotes online or by calling Bullfrog Insurance’s specialists.

Individuals with businesses that aren’t within the healthcare, office, retail or contracting field can also begin a quote online and purchase their policy over the phone. Bullfrog Insurance specialists are knowledgeable on the requirements for each type of business and work with an extensive national network of reputable insurance companies which hold exceptional financial ratings.

Litigation for real or probable problems can ruin business reputations and significantly impact their viability and future. Without appropriate small business insurance coverage, it only takes one lawsuit to devastate a business and lawsuits are far more frequent than many would believe. Liability insurance is one of the most important protections that business owners can obtain to protect themselves and their company.

Obtaining insurance can be a confusing and complicated process for small business owners and entrepreneurs. Bullfrog Insurance has simplified this time consuming process and eliminated the guesswork, making it easy and convenient for business owners to obtain the protection needed for their business to grow and prosper.

For more information, call 1.844.GO-B-FROG (1.844.462.3774), email info@bullfroginsurance.com or visit Bullfrog Insurance online. Please visit our Facebook page to stay updated with our weekly blog posts and insight!