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The Perfect Storm for Fraud

Since the start of the pandemic in March 2020, many companies are operating in a different manner and environment than their historical norm. Our new normal consists of businesses that quickly moved from an office environment to home office work stations with employee discussions using new tools like Zoom to facilitate a connection to the outside world. Companies had to change quickly to … Continued

Small Business Job Credit

Receiving money from CRA and don’t know why? If you are a business owner that has recently received a cheque from the Receiver General, do not be alarmed.

Economic Outlook for 2015 - What’s Ahead?

Attending a wealth management conference this past weekend, I had the opportunity to hear two (2) interesting economic forecasts from TD Bank and National Bank.

Cross-Promotion can Draw More Customers

Effective cross-promotion is a great way for even the busiest of business owners to bring in more customers. The simple fact is that when you team up with other trustworthy businesses that also reach your target market, you will be able to access  your customers far more efficiently and impressively as long as you utilize … Continued

Basic Stages to Starting a New Business

Government regulations aside, it really isn’t that difficult to start a small business if you progress through the appropriate stages. Most challenging is the planning and market research you should do ahead of time to ensure your business will be viable. It takes effort, planning and financing to be successful and there aren’t really any … Continued

Trounce Your Competitors with Disciplined Plans to Expand

When entrepreneurs are running a successful small business, extra available time is scarce due to the various demands. Understandably, they rarely take the time to evaluate the future growth of their company in a disciplined manner.

What Makes a Good Business Plan?

On March 20, 2012, I had the opportunity to present to a group at the Burlington Chamber of Commerce on the topic of business plans. I thought that the content of my presentation may be of interest to the followers of the SB Partners blog so I’ve summarized my points below: What is a Business … Continued

New Disbursement Quota Rules for Registered Charities

The Federal budget of 2010 introduced changes to the disbursement quota rules for registered charities. In order to retain their charitable status, registered charities have to meet their disbursement quota. Prior to the 2010 budget, the disbursement quota was set at 80% of the total amount for which charitable tax receipts were issued in the … Continued

Fair Value Election and the New Accounting Standards for Private Enterprises

Canadian private corporations are in the process of adopting the new Canadian Accounting Standards for Private Enterprises (“ASPE”). There are many elections available for private companies but one of the elections is of particular interest since it allows companies a one-time adjustment to measure property, plant and equipment at fair value as of the date … Continued

What is the Value of an Audit?

I imagine many of you have wondered about the genuine value of an audit. Traditionally, an audit not only costs more than a review engagement, but it also consumes more of your staff’s time. As assurance service providers, we often struggle to communicate the value that you receive for the additional cost and effort. To … Continued