Topic: Blog

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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A 10-Point Guide of Financial and Tax Planning Considerations for International Employees Coming to Canada

Posted on 2017 Nov 22 by

So, you got that job promotion but it involves a work transfer to another country. Your spouse and children are excited for the adventure and you’re looking forward to a change of scenery. You have already found a house in the other country and have enrolled your children in a local school. You sold your…

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Top 10 Business and Tax Considerations for Canada-Bound Companies

Posted on 2017 Nov 21 by

In today’s global economy, it has become easier for companies to conduct their business in other countries. Through technology and mobility of their workforce, companies looking to expand into new markets sometimes pursue opportunities in a foreign country; however, many of these companies may not always be aware of the potential implications of doing cross-border…

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4 Signs You Need Family Office Services

Posted on 2017 Nov 20 by

The Canadian economy has been thriving recently, and more specifically, the Greater Toronto Area and Hamilton regions have been experiencing a particularly prosperous period. The markets are strong, unemployment is low, and businesses are growing. While this is an excellent sign for business owners, investors, and high-income professionals, it also means there may be many…

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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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Expanding Your Small Business? 5 Tips for Consideration

Posted on 2017 Sep 25 by

One of the great benefits of owning a small business is reaping the rewards of its growth, over time. Expansion can be exciting, but it’s important not to get too carried away with your growth plans. After all, expansion often represents a significant investment of your time, money, and effort. Like any investment, there are…

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Hot-Tubbing in Cross-Border Litigation

Posted on 2017 Sep 19 by

Canadian and US businesses are expanding their reach into each other’s jurisdictions, often taking on new partners. As a result, shareholder disputes can arise, which can lead to cross-border litigation. As an expert witness in the areas of business valuation, economic damages, and forensic accounting, I have found that pre-trial hot-tubbing is occurring more frequently…

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