March | 2011 | Wiley Accounting Updates

Bauer Performance Sports Ltd. to List on the TSX

Posted 6:03 pm by Gerry La Rocca & filed under Canadian Economy, Financial Accounting.

Bauer heads to the TSX Canadians claim that “hockey is our game,” but that boast disguises deep-seated unease over the creeping Americanization of the professional sport. That is why we hold on to nostalgic fantasies of the Jets returning to Winnipeg, the Nordiques going back to Quebec City, and the Maple Leafs returning… Read more »

The advantages of staying small:For small businesses with minimal profit, incorporation is not worthwhile!

Posted 8:18 pm by Gerry La Rocca & filed under Accounting Careers, Corporate Restructuring, Taxation & Planning.

Beginning of Story Content When small business owners ask Diana Dolack whether they should incorporate, she often advises against it. “There’s not too many I advise to incorporate,” says Dolack, an H&R Block franchise owner in Biggar, Sask. “For farmers, especially, the rules are more beneficial to not being incorporated.” The formula for Dolack is… Read more »

TAX SEASON: Tax rules for Canadians abroad

Posted 7:24 pm by Gerry La Rocca & filed under Accounting Careers, Taxation & Planning.

What you need to know before earning income abroad As more students and young adults take time out to indulge in longer-term international travel, income tax filing is probably the last thing they think about. When weeks abroad stretch into months, however, picking up some extra income is often the best way to make ends… Read more »

Corporate Disclosures: To Disclose or Not To Disclose!

Posted 5:07 pm by Gerry La Rocca & filed under Financial Reporting and Analysis, IFRS.

Why do companies choose to disclose, or not, forward-looking information in their corporate annual? Accountants have long known that disclosure is important for companies and users of financial statement information. In its simplest form, the voluntary disclosure decision can be understood as managers having an incentive to disclose if the benefits of disclosure exceed the related… Read more »