Tagged: business advisor

5 Financial Accounting Controls That Every Small Business Needs

Posted on 2017 Dec 04 by

Small to Mid-sized Businesses (SMBs) are frequent sources of wealth, pride, and personal fulfilment. However, they are often viewed as ‘easy targets’ for fraud, theft, and embezzlement. For this reason, owners of SMBs should be particularly vigilant about their high-risk positions, their checks and balances, and their small business accounting practices. These 5 accounting controls…

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Business Valuation Advice: 8 Factors Quantifying Minority Discounts

Posted on 2017 Nov 27 by

If a shareholder is selling a minority share (meaning a less-than-controlling interest) in a privately-held business, a minority discount may be applied to the pro-rata share value. There are a number of factors that are considered by business valuators to determine this discount. In this post, we look at 8 factors quantifying minority discounts. But…

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Small Business Accounting Advice for the Recent Minimum Wage Hike

Posted on 2017 Nov 15 by

On October 1, 2017, the general minimum wage in Ontario was raised to $11.60. There has been a lot of speculation about the effects that this most recent hike will have on both mid-market and small businesses. The concern isn’t unfounded. For most companies, small businesses in particular, compensation is their most significant expense. As…

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Business valuation

How Business Valuations Help You Maximize Profit When Selling Your Business

Posted on 2017 Aug 07 by

Whether you’re looking to sell your business or you’re considering an unsolicited offer, one of your first steps should be to obtain a professional business valuation. A business valuation provides a snapshot of the value of your business, which can give you a sense of the amount you can expect to receive, or help you…

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business advisor

Benefits of Succession Planning: Formalized Corporate Governance

Posted on 2017 Jul 03 by

The benefits of succession planning are most commonly associated with a transfer of leadership or ownership – i.e. finding and grooming a successor to ensure a smooth, future transition of leadership with minimal impact on the business. The benefits of succession planning can also be immediate in nature. An effective succession plan can improve the…

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forensic accounting services

Forensic Accounting Services: The ‘Better Safe Than Sorry’ Approach to Fraud Investigations

Posted on 2017 Mar 13 by

Forensic accounting services exist as a means of preventing, identifying, and reducing the risk of fraud. While the more dramatic cases may uncover large sums of missing funds over many years, the ideal approach to forensic accounting is to minimize the risk of fraud before it happens – or identify it as soon as possible….

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