3 tips to survive a tax audit

As an owner/managed business, the two most dreaded words are: tax audit. Just thinking about these words can cause many business owners to break into a cold sweat. There’s really no need to panic—if an audit’s going to happen, it’s going to happen and there is nothing you can do to stop it. In fact, […]

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Dont miss out on these tax changes!

New Tax Credits You Don’t Want to Miss Tax season puts money on our minds—occupational hazard of our financial services brain, obviously. It is not only about keeping CRA at bay (okay, it often is); it is also about making sure everyone knows to take advantage of the tax credits available to them. Because no […]

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Where do we go from here?

For close to two years now, business owners around the world have come to intimately know a single word—a word that many never thought would need to be a necessary part of their business plan. Pivot. Restaurants that never dreamed of offering take-out and delivery have pivoted to do so; stores that never wanted to […]

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Still wondering how to say ‘Happy Holidays’ to your staff?

‘Tis the season for gift giving and as an owner/manager, finding the right way to show your employees you appreciate them can be fraught with questions: How much should I spend? Should I spend the same amount on each employee? And if I don’t know someone well, what’s an appropriate gift that keeps it professional? […]

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Does your succession plan set your company up for success?

It’s hard not to miss the news coming out of Rogers Communications Inc. these days. Long-simmering, previously mostly private tensions at the family-run company spilled out into the very public open in October, giving the rest of us the ability to be a fly on their boardroom wall.  At the heart of this feud is […]

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You’re hit by a bus …

What does that mean for your business? The HBO show, Succession, follows a family that owns a media conglomerate. The family patriarch heads the corporation and when he experiences a decline in health, his four children vie for prominence within the company. While this may be a fictional business and a fictional family, the main […]

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To return to the workplace or to not (yet)

As we roll into our second fall of this global pandemic, it seems that businesses in the Toronto area sit in one of two categories — those telling employees to fully (or partially) return to the work and those telling employees to continue working from home for the time being.  Many large corporations — the […]

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Federal pandemic funding programs are ending soon

Are you one of the thousands of Canadian businesses that has been benefiting from one or more of the federal government’s emergency subsidy and loan programs? If so, even though the fourth wave is upon us, many of these programs are now winding down, which means you need a plan to cover those costs.  First, […]

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In some industries, prices have skyrocketed

What’s your business to do? The pandemic seems to be receding in this part of the world, but COVID is still wreaking havoc on businesses and supply chains across Canada and around the world.  Here’s a common scenario we are seeing amongst some of our clients these days: A business places its regular order from […]

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When the CRA comes calling

Do you know the number one mistake owner-managers make when it comes to dealing with the Canada Revenue Agency? It’s tossing aside the letter that comes in the mail rather than dealing with it right away.  Some toss it amongst a pile of papers because they’re too busy to deal with it, others toss it […]

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