Audit and Accounting

Toronto Audit Firm Answers: How Do I Know What Level of Assurance is Needed?

David D'Cruz • November 15, 2018 David D'CruzThere are three basic types of assurance engagement for year-end financial statements: the Notice to Reader (NTR), the Review, and the Audit, each of which vary in terms of cost, thoroughness, and level of assurance. So for what sort of engagement should you ask your Toronto audit firm? To help you understand the three levels ... Read More

4 Signs You’re Ready to Outsource Your Bookkeeping to a Toronto Accounting Service

Sabrina Polletti • June 18, 2018 Sabrina PollettiWhen it comes to business, timing can make a world of difference. This is particularly true of the decision to outsource your bookkeeping function. Whether you’re a start-up company that lacks the necessary internal resources, a fast-growing company that has outgrown your existing accounting function, or a foreign-owned company operating in Canad ... Read More

5 Insider’s Tips on Obtaining Financing from the Bank

Fuller Landau Team • April 16, 2018 As 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

Fuller Landau Team • March 02, 2018 There 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

Top 4 Tax & Accounting Mistakes Made by Entrepreneurs

Ellis Orlan • January 29, 2018 Ellis OrlanLet’s face it – as a business owner, your time is a precious commodity. You’ve got a business to run and grow, and your time is not best served brushing up on the latest business accounting rules and regulations. But accounting is an important function in every business, and any one of these tax or ... Read More