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INSIGHTS, NEWS & EVENTS

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

Five Reasons Auto Dealers Should Have a Personal Financial Plan - Part 2 Manage Assets

Today we reveal the second reason why developing a comprehensive financial strategy is important to an auto dealer’s long-term financial success. Manage Assets After the plan has been developed, the portfolio needs to be managed.  Recognizing that there are a multitude of great online brokerage systems, investing the time to research and monitor investments is … Continued

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.

5 Reasons Auto Dealers Should Have a Personal Financial Plan - Part 1 Secure Your Future

Most auto dealers would agree that personal financial planning is important but too often multiple priorities and the daily pressures of the business distract from developing a comprehensive strategy. Over the next five weeks, read through why financial planning is important and then see if you are ready to get started. Secure Your Future As … Continued

Removing Emotion from Corporate Succession Planning

Separating business needs from emotional responses. That’s the challenge facing family business owners…

Tax Reminder App

‘There’s an app for that.’ This by now familiar refrain has been used to describe numerous new offerings designed to improve accessibility, efficiency or effectiveness for any number of new software programs.

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