http://blacktulip.ca/bookkeeping-support-for-accountants/ Put your clients on notice! Canadian Revenue Agency Auditors are upping their game. As of last year, the feds pledged over $500M over the next five years (in addition to their existing budget) for the purpose of pursuing tax cheats. You don’t want your clients caught in that net – here’s what they need to know: Hiding Cash
Read more
TheGAAP.net Presents: Artificial Intelligence Is Coming: Are You Getting In The Game Or Being Left Behind? Sponsored by: Jeffrey Gregory Of Desjardins Financial Security Investments Inc. Free Raffle Prize: Google Home mini Join us on Tuesday: October 30th. The world’s most valuable resource is no longer oil, but data. Ninety percent of all data has been generated in the last
Read more
As I was preparing my email for this week, it occurred to me the list is not only for someone exiting a business but for anyone just living their life. Cheers, Eric eric@ericgilboord.com
Read more
TheGAAP.net & GTA Accountants Network Present: Representing Taxpayers in Tax Disputes with CRA & Personal Pension Plans for Business Owners Sponsored by: Stephanie Ingram Of Waverley Corporate Financial Free Raffle Prize: Google Home mini Join us on Tuesday: October 23th. 2.5 CPD hours There will be two topics covered during this event: Representing Taxpayers in Tax Disputes with CRA
Read more
From IFRS.org: “IFRS 17 is effective for annual reporting periods beginning on or after 1 January 2021 with earlier application permitted if IFRS 9 and IFRS 15 are also applied. Insurance contracts combine features of both a financial instrument and a service contract. In addition, many insurance contracts generate cash flows with substantial variability over a long period. To provide
Read more
Accountancy insurance for tax audit has been established in 2003 to specifically serve Accounting firms. Audit Shield is a tailored tax audit insurance solution which covers your professional fees when responding to an audit, enquiry, investigation or review instigated by the Canada Revenue Agency (CRA). We work solely with accounting firms, because we understand what is happening in the industry,
Read more
Sometimes clients have some wacky ideas as to what constitutes a business expense claim. Here are some ways to manage your clients when their claims take a turn for the “creative”. We all have that one client. The one who skirts the line between acceptable and “what???” The one that drives you crazy, but you just can’t bring yourself to
Read more
Part 3 in our series on Business Transition ‘The Post Transition Phase’. Click here to watch the video. https://youtu.be/9tvX7vnL4i0 Not sure what your next step is regarding transition? Click here and download a FREE copy of my book Moving Forward. Written specifically for Boomer Aged Business Owners. One of the biggest challenges they face today, is figuring out how
Read more
In Brief — Statement of Concepts, “A Revised Conceptual Framework for the Canadian Public Sector” This In Brief provides a plain and simple overview of the key proposals in the Statement of Concepts, “A Revised Conceptual Framework for the Canadian Public Sector”. It also presents background information about PSAB’s Concepts Underlying Financial Performance project. Download now Visit TheGAAP.net daily to
Read more
Pruning influences the direction in which a plant or business grows. Each time you make a cut, you stop growth in one direction and encourage it in another. Promote your company health by looking closely at your people, customers, vendor relationships, service and product offerings. Examine your Operations, Finance, Sales, Marketing, and HR. If you’d like an outside view, of your business, through fresh eyes
Read more