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INSIGHTS, NEWS & EVENTS

Our team is always up to something. Read our latest insights, news and updates here.

High Fines for Users of Tax Cheating Software

Your accountant can advise you on financing options, investments, future planning and of course, strategies to minimize your tax payments. Business owners operating without this professional support may be tempted to underreport earnings so as to lower their tax obligations but this type of fraud comes with significant risk. New ESS software (commonly known as … Continued

When Extreme Weather Hits

As seen by the major flooding in Alberta last summer, natural disasters can escalate quickly. During these events, filing deadlines are put on the back burner and personal safety takes priority.

Death Benefits

Considering the many tax implications of estate planning.

What Happens When Your Business Accepts an Investor?

What happens to your business when you accept an investor is dependent on the type of investment and the investor. Investments can take different forms: Debt or loan – this is similar to bank financing where the company records the liability and pays interest on the loan amount. If you have bank covenants, then you … Continued

Accepting Cash for Jobs can be a Risky Business

We all know about the underground economy – a quiet, cash-in-the-pocket exchange for a product or service.  For many people, conducting business in this manner is considered a ‘win-win’ since tax savings are had on both sides of the transaction. But are you really coming out ahead when you put your reputation and credit rating … Continued

Filing Deadline

  CRA Alert If you or your spouse or common-law partner is self-employed, the deadline to file your 2013 income tax and benefit return is midnight on June 16, 2014. If you have any questions please contact Richard Rizzo, Tax Principal at (905) 633-6332 or Kelly Ross, Tax Manager at (905) 633-6335.

“It’s Different This Time”

“It’s different this time.” That was how Peter Hall, Vice-President and Chief Economist for Export Development Canada introduced his presentation at a recent Burlington Economic Development Corporation breakfast.     The promise of ‘different’ got everyone’s attention.  Hall believes that things are finally on the way up with a revival of confidence pointing to a … Continued

Is Your Business Sellable?

A recent case study on Toronto’s Elixir Organic Spa reveals the challenges of finding buyers in an unpredictable economy.

Drive the Value of Your Business

Given the current economic climate, where we are seeing increased M&A activity within our client base, it is important for business owners to start to think about and focus on activities that they can undertake to enhance the value of their business.

Employer Source Deductions

Good news! Did you know the federal budget is proposing to change the remittance threshold levels in employer source deductions? The proposal is to apply for remittances after 2014. The threshold for remitting two times per month is to increase from $15,000 to $25,000 and remitting four times per month to increase from $50,000 to $100,000. … Continued