Some food for thought before handing your business over to a next generation family member. I remember meeting the Owners of a small business. He had worked hard and the company had provided his family with a comfortable life. There were 3 sons. One worked occasionally in the business, wasn’t suited to take over and never really did much
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The AASB unanimously approved an exposure draft of a proposed new standard on compilation engagements to replace Section 9200, Compilation Engagements. Set to be issued September 4, 2018, comments will be due November 30, 2018. As reported by The Standard. To support you in providing feedback, we are doing extensive outreach and will be issuing numerous plain language resources. Stay
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Reviewing our approach to oversight, listening carefully to our stakeholders, and overseeing and supporting the work of the AcSB and PSAB – we served the public interest through more efficient standard-setting oversight. As reported by The Standard. Read more about our 2017-2018 activities in our Annual Report. Read now!
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Are you running out of runway? Feeling tired and not prepared to do any more work on the business? Maybe you waited too long to sell and the end is still not in sight. The kids are now older and not interested in running the company. Employees are not prepared to buy or run the business. You may have had
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My son and I got into a conversation about Trump the other day. And of course the inevitable what do we do here in Canada about our own leadership. As we talked I realized that our discussion was less about the specifics and more about our own generational concerns and how the implications would affect us personally. So with that
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Statement of Principles – A Revised Reporting Model for the Canadian Public Sector. As reported by the Chartered Professional Accountants of Canada. Weigh in on proposals for a new reporting model! PSAB has issued a Statement of Principles proposing a revised reporting model for the Canadian public sector. Stakeholders are encouraged to submit their responses by November 28, 2018. Give us
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Are you running out of runway? Feeling tired and not prepared to do any more work on the business? Maybe you waited too long to sell and the end is still not in sight. The kids are now older and not interested in running the company. Employees are not prepared to buy or run the business. You may have had
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CPDOnline is proud to present its 3rd Annual Conference on Business Law & Legal Issues Facing Finance Professionals. Everyone is talking about the subscription economy. What’s not to like – recurring revenue make subscription based businesses enjoy increased valuation multiples . This year’s conference “Feeling SaaS-y: Data Security, Privacy, and IP Protection for CFOs” will bring CFO’s current with some
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Excerpt from my book Moving Forward ‘ Get the Triple Effect – Sell your business for 3 x more and 3 x faster.’ If you don’t prepare properly, the fallout will be far worse than you think: 1. Your spouse/family will be left to run or sell the business. Your spouse may be forced to work with your partner. That goes two
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IFRS 9, now effective for annual periods beginning on or after 1 January 2018, requires that you be aware of its effect to implement it. You will have an overview of the changes brought in by the new standard. Although IFRS 9 is very detailed oriented, you will know what areas have been affected, how to look for the changes
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