Posted by & filed under Financial Accounting.

Description: The government of New Brunswick is taking steps to reduce red tape for business. The Business Navigators program will begin as a pilot project, where government provides business owners with a special phone line and email they can use to ask for assistance in navigating the regulatory framework. New Brunswick’s initiative is getting positive feedback from the Moncton Chamber of Commerce. John Wishart, CEO of the Chamber, said the biggest problem in dealing with red tape is the time delay it imposes on business projects.

Date:  October 25, 2019



Discussion points: 

 1) Have you or any of your employers run into delays from red tape?

2) What do you think of the Business Navigators program as a means of addressing the red tape problem?

3) Government places costs on businesses for such things as Employment Insurance and the Canada Pension Plan. How do businesses account for their share of these programs, as well as the deductions they must make from employees’ paycheques for the employees’ share of the costs? Hint: Check out Chapter 10 of Wiley’s Financial Accounting: Tools for Business Decision-Making.

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