When a business owner of a small to medium business is searching for best accounting software, he or she is looking for the user-friendly and inexpensive solution. Let’s look at available cloud-based apps that today’s market can suggest us today. QuickBooks Online Overall the best software for business is QuickBooks Online. It starts from $10/monthly, […]
While the press mainly focused on spending cuts, we listed here changes that will have more impact on finance side of our clients.
“Benchmarking provides an inventory of creative changes that other companies have enacted” – John Langley We are living in a volatile world constantly changing and evolving. Intense competition requires the businesses to remain fit and ready for daily challenges. As Bill Gates noted in his book “Business at the speed of thought”, nowadays the businesses […]
Human beings have a natural tendency to remember good times and push to the back of their minds some more difficult issues in life. Basically most of us have a tendency not to focus on things that are not perceived to be likely to happen in the short term and can overlook the inevitability of […]
We share the 5 reasons to hire us with our clients as we believe that “WHAT we do” is not strategically as important as “WHY we do WHAT we do”. Trust. Trust is not a checklist. Fulfilling all responsibilities of your accountant does not create a trust. Trust is a feeling, not a rational experience. […]
Preparing your annual tax returns is always considered a tedious task, however knowing the changes is very crucial and allows you to be proactive for the upcoming year.
Background The Carbon Levy came into effect January 1st, 2017 and will be charged on all fuels that emit greenhouse gas emissions at a rate of $20/tonne in 2017 and $30/tonne in 2018. Fuels include diesel, gasoline, natural gas and propane. The amount of Carbon Levy applied to each fuel is based on the amount […]
The fraud perpetrated by employees, top management, or third parties is a vital risk and threat to any business that should be properly addressed.
Under the new rules, investment income will be tweaked with a number of adjustments to come up with a new amount called, “adjusted aggregate investment income”.
A cyber-attack is the intelligent and sophisticated type of modern day robbery and fraud.
Without music to decorate it, time is just a bunch of boring production deadlines or dates by which bills must be paid. – Frank Zappa
Every internal audit function has its own internal audit framework which is Internal Audit Charter (the “Charter”). The Charter outlines the organizational status and role of the internal audit function, independence and governance, etc. However the Charter usually provides high level guidance, and therefore, it is also essential to have a robust Internal Audit Manual […]
“We are only tenants, and shortly the great Landlord will give us notice that lease has expired” – Joseph Jefferson. Overview The IASB published IFRS 16 Leases in January 2016 with an effective date of January 1, 2019. The new standard will replace existing IAS 17 rule and will require lessees to
There has been a lot of hype about Cryptocurrencies – about its legitimacy as an alternative currency as well as the merits of holding it as an investment.
The following insight will help you ensure that your personal filing is in compliance with the CRA requirements.