Small business still concerned in spite of tweaks to tax changes, Morneau hears.

Two weeks after announcing a major overhaul of his controversial small-business tax changes, Finance Minister Bill Morneau is being told his plan still faces strong opposition. Mr. Morneau appeared on Wednesday before the Senate's national finance committee, which has been holding hearings on the topic for weeks and intends to continue its work on a [...]

By |2017-11-14T13:43:16+00:00July 2nd, 2015|Acquisitions, Financial, Taxes|0 Comments

Your Strategy Should Be a Hypothesis You Constantly Adjust

The widely accepted view that strategy and execution are separable activities sets companies up for failure in a fast-paced world. One of us (Paul) is a strategy scholar and economist; the other (Amy) studies organizational behavior and operations management. We came together to consider why strategy so often breaks down in the execution stage. While [...]

By |2017-11-14T13:43:45+00:00July 2nd, 2015|Financial, Governments, International|0 Comments

When is the right time for an SMB to switch from a review to an audit?

As your company grows and matures, you’ll need to engage an accounting firm to provide some level of assurance on your financial statements. The level of assurance that should be performed depends not only on what you need, but also on what the other people who rely on your financial statements need. First ask yourself [...]

By |2017-11-14T13:51:40+00:00July 2nd, 2015|Financial, International, Taxes|0 Comments

Five financial facepalms small businesses should avoid

For many small business owners, it’s difficult enough keeping customers happy without thinking about the stuffy world of finance. But money management isn’t something you can afford to ignore. Doing so can easily send the company off the rails. According to Industry Canada, 3,116 businesses turned off the lights in 2014 because of insolvency. Here [...]

By |2017-11-14T13:53:05+00:00July 2nd, 2015|Acquisitions, Financial, Governments|0 Comments

CRA not tracking billions in potential taxes lost each year

It's no secret that many wealthy Canadians are squirrelling away fortunes offshore to avoid — or even evade — taxes. What is secret is just how much money it's costing fellow Canadians and the national treasury each year. That's because unlike many other countries, Canada fails to disclose or even track the full size of [...]

By |2017-11-14T13:24:23+00:00July 2nd, 2015|Acquisitions, Financial, Governments, Taxes|0 Comments

Year-end tips to make life less taxing for business owners.

Business owners are facing all types of challenges today – including the pending tax changes that Finance Minister Bill Morneau has announced, and is in the process of finalizing. Given the proposed changes, and the fact that Dec. 31 is approaching, here is a list of tips to consider before the year's end that could [...]

By |2017-11-14T13:24:33+00:00July 2nd, 2015|Acquisitions, Financial, International|0 Comments

Why you shouldn’t be the first to get your new product on the shelves

In business circles, the idea of being first to market is referred to as first-mover advantage. The thinking is that if you can get a new concept out before anyone else, you’ll be able to build a brand and a following while everyone else is asleep at the wheel. By the time competitors enter the [...]

By |2017-11-14T13:26:05+00:00July 2nd, 2015|Financial, International, Taxes|0 Comments

A Study of 1,100 Employees Found That Remote Workers Feel Shunned and Left Out

When it comes to virtual teams, if you’re out of sight, you’re also out of mind. While more and more people are working remotely, our recent study suggests that unless we take extra measures to build trust and connection with colleagues, we pay dearly for doing so. Long gone are the days when most teams [...]

By |2017-11-14T13:27:31+00:00July 2nd, 2015|Acquisitions, Financial, International, Taxes|0 Comments