Author: Laura Couvrette

Why Do So Few Businesses Have a Succession Plan in Place?

Laura Couvrette • July 15, 2019
Laura CouvretteAccording to research conducted by the Ministry of Economic Development and Growth, only 9.8% of Canadian Small and Medium Enterprise (SME) owners have a formal written succession plan. This is surprising, given what we know about the demographics of our population and that there is a significant number of business owners who will sell or ... Read More

Audit, Review, or Notice to Reader (NTR): What Level of Assurance Do I Need?

Accounting Services Toronto
Laura Couvrette • January 03, 2019
Laura CouvretteYear-end financial statements provide a ‘snapshot’ of your business’ finances. However, the level of detail required, and the associated level of assurance, varies considerably based upon the type of engagement. To determine what engagement is appropriate for your business, it is important to understand the difference between the ... Read More

5 Insider’s Tips on Obtaining Financing from the Bank

Laura Couvrette • April 16, 2018
Laura CouvretteAs an audit firm, we are always advising our clients on when they should seek financing and how best to approach lenders. The reasons a business should seek financing will vary, and include supporting growth or expansion, ensuring sufficient working capital, mitigating cash flow fluctuations, dealing with emergency expenses, purchasing or replacing ... Read More

Advice from a Toronto Audit Firm: How Giving Back Can Help Your Business

Laura Couvrette • March 02, 2018
Laura CouvretteThere are many reasons for a business to engage in philanthropy: showing gratitude to the community that has contributed to your success, addressing an issue or injustice that is close to your heart, or simply to share your financial resources or time with those less fortunate, among others. However, there is a myth that philanthropy ... Read More

Small Business Accounting Advice for the Recent Minimum Wage Hike

Laura Couvrette • November 15, 2017
Laura CouvretteOn 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 ... Read More