Tag: business advisor

5 Financial Accounting Controls That Every Small Business Needs

Ellis Orlan • December 04, 2017
Ellis OrlanSmall 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

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Business Valuation Advice: 8 Factors Quantifying Minority Discounts

Bruce Roher • November 27, 2017
Bruce RoherIf 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. B

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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

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3 Ways a Spouse May Attempt to Reduce Income to Lower Support in Matrimonial Matters

Bruce Roher • September 18, 2017
Bruce RoherAs business valuators and forensic accountants, we are frequently asked to assess the “true” income of a spouse in divorce matters. The payor spouse may present a reduced income with the objective of paying less support. This blog sets out three ways that a spouse may attempt to reduce income: 1. Not Distributing Income Earned

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How Business Valuations Help You Maximize Profit When Selling Your Business

Bruce Roher • August 07, 2017
Bruce RoherWhether 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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