Accounting
2025 Automobile Tax Deduction Limits: Key Updates for Business Owners
Written by Chris Pickard
Mature & Stable Business
It has taken countless sleepless nights to get to where you are today. The success of your business is a result of you and your team’s tireless efforts. We know that you have given it your utmost into getting where you are today. What now? Your business may be at a crossroads. You may be looking to take it to the next level or enjoy the rewards. We are a midsize CPA, CA firm that is committed to our clients and we take the time to understand your unique circumstances. We have helped many businesses through the challenges of succession and transition.
You will find our advice to be unsurpassed…because it is customized for you. Let us help you to take the next step.
How We Can Help You
- Advice on expansion or acquiring a business.
- Advice on investing in or divesting of a business unit.
- Business and tax advisory for international and/or cross-border expansion.
- Compensation strategies and implementation for key personnel.
- Exit planning — whether you would like to sell your business to a third party, pass it down to the next generation, or retire, there is ultimately an exit plan for your business. We will work with you to come up with a plan that maximizes financial flexibility.
- Provide users of your financial statement with useful and reliable information to make critical decisions that ensures the financial wealth and security of your company.
How We Have Helped Mature and Stable Businesses
Corporate Restructuring to Save $2 Million in Taxes
- Problem: A mature business was preparing for a sale but had an inefficient corporate structure that would result in a significant tax liability.
- Solution: We restructured the corporation, optimizing the transaction to reduce taxable gains and leverage available deductions.
- Impact: The client saved $2 million in taxes, maximizing the net proceeds from the sale and strengthening their financial position.
Audit Securing $50 Million in Financing
- Problem: A large business sought major financing but required audited financial statements to meet lender requirements.
- Solution: We performed a thorough audit, ensuring financial statements met the highest standards of accuracy and transparency.
- Impact: The client successfully secured $50 million in financing, allowing for significant expansion and long-term stability.
200+
Audits Completed
47
Industry Experts
100%
In-House Capabilities
Award Winning CPA Firm
Our major awards from Great Place to Work and Inside Public Accounting feature distinct pillars of our success. Combined, they highlight our ability to create a great place to work and holding ourselves to the highest industry stands while running a successful, growing business.
How We Are Different
Listen to our Partners explain what makes Bateman MacKay unique.
How We Can Serve YOU!
Mature & Stable Business
Well-established companies with a consistent market presence and reliable revenue streams.
- $10million + in revenue
- Multiple entity structure
Mature & Stable Businesses
Growing Business
Growing while focusing on increasing market share, scaling operations, and possibly exploring new markets
- $2-10 million
- a need for increased infrastructure, workforce expansion
- managing new product lines or services
Growing Businesses
Small Business
Smaller enterprises, often with a localized market focus and a lean operational model.
- Less than $2 million
- a simple organizational structure, with fewer employees and limited requirements.
Startups & Small Businesses
Regulated Professional
Medical professionals, lawyers and others operating in professions governed by regulatory standards and ethical codes.
Accounting for Regulated Professionals
Our Services
Bateman MacKay LLP is a full-service accounting firm offering corporate tax planning and compliance, accounting and assurance, and business advisory services, with clients from small businesses to growing and mature enterprises.
With offices in the west Greater Toronto Area, we serve companies across Canada.
Assurance and Accounting
The details of your business matter. As a CPA-led service, Accounting and Assurance allows you to attain clear, impactful financial data, offering fiscal awareness to gain a deeper understanding of your business operations and how to take them to the next level.
Accounting Solutions
Tax Services
Our Tax Consultants create and execute customized tax solutions and corporate tax planning tailored to each client’s unique needs. Let Bateman MacKay provide strategic tax planning, guidance, and mentorship to help you grow, protect, and preserve your business.
Tax Planning & Consulting
Mergers and Acquisitions
Our team offers a comprehensive suite of M&A advisory services addressing the myriad complexities of Mergers and Acquisitions with strategic tax planning, business valuations, and financing strategy.
M&A Advisory Services
Business Advisory and Consulting Services
Our experienced business advisors identify strengths and weaknesses, address opportunities, and work with you to build a foundation that supports today’s business goals and establishes a target for the future.
Business Advisory Services
Latest News
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Stay informed with our in-depth articles, market updates, and practical tips to help you navigate the financial landscape and achieve your business goals.
Frequently Asked Questions
- How can Bateman MacKay assist with business succession planning?
We provide tailored succession planning, ensuring a seamless transition that aligns with your financial goals, whether for retirement, family succession, or sale.
- What support does Bateman MacKay offer for estate planning?
Our team designs custom estate plans, covering aspects like family trusts, shareholder arrangements, and strategies for family-owned business continuity.
- Why is compensation planning for key personnel important?
Strategic compensation attracts and retains top talent, ensuring business stability and continuity, especially in mature businesses.
- How does Bateman MacKay help mature businesses with restructuring?
We advise on restructuring to align with future business objectives, enhancing operational efficiency and strategic fit.
- What are the tax planning benefits for stable businesses?
Our optimized tax planning minimizes liabilities, supporting long-term profitability and smooth exit planning.