Taxing Bitcoin

Posted by & filed under Personal Tax.

Description:  Tax time is rolling around quickly for Canadians. And with all the 2017 hype over Bitcoin, some may be wondering what to do with any income earned in trading the cryptocurrency. The simplest answer: if you trade, keep records; if you make income, declare it. Date: April 13, 2018 Source:  cbc.ca Link: http://www.cbc.ca/news/canada/toronto/cryptocurrency-income-tax-canada-1.4626837 1) Do you… Read more »

No wonder the payroll can’t get paid!

Posted by & filed under Accounting Careers.

Description: Many Canadians have heard by now of the Phoenix payroll system failures. (It was featured in this blog on November 27, 2017.) The delays in federal employees getting the right pay at the right time just don’t seem to be disappearing. And, this week we learned there aren’t anywhere near enough parking spots for the… Read more »

To the rescue

Posted by & filed under Accounting Principles.

Description:  Toys R Us may just have received a reprieve from liquidation. Billionaire Isaac Larian, a prominent toy marketer has stepped in with a billion dollar offer to buy up Toys R Us stores in Canada and the United States, Intriguingly, the offer includes a crowd funding component. Keeping the Toys R Us chain afloat… Read more »

What happened to supply and demand?

Posted by & filed under Accounting Principles, Student life.

Description:  The general rule is that if something is in demand, then the price goes up. But while employment is growing in both Canada and the United States, and shortages of workers could become a problem as the baby boomers move into retirement, wages have not been growing. Economists have offered a variety of explanations,… Read more »

He keeps on saying he’s sorry

Posted by & filed under Corporate Strategy, Data security.

Description:  It was a big week for Facebook this week as founder Mark Zuckerberg headed to Washington to say how sorry he was for the Cambridge Analytics fiasco. But as the Washington Post observed, it seems that Facebook has had a rather long history of saying “sorry” when it comes to issues of data security…. Read more »

Sustainable Kisses

Posted by & filed under Managerial Accounting.

Description:  Chocolate giant Hershey is spending $500 million in an effort to make its business practices more sustainable. In a program it is calling Cocoa for Good, Hershey wants to direct this half-billion in funding through 2030 to reduce child labour and to increase the sustainability of cocoa supplies. Hershey currently sources 75 per cent… Read more »

Now that’s a markup!

Posted by & filed under Accounting Principles, Internal control.

Description:  Winnipeg Jets fans are excited by their team’s performance this year and are looking forward to the coming playoffs. But if you want to see a game live, that could be a problem. Resellers are  already pricing tickets at over $800 U.S. One official with the Jets ownership group calls this “profiteering at its… Read more »

Apple Chips

Posted by & filed under Corporate Strategy.

Description:  Apple is planning on making its own chips for its Mac computers, perhaps dropping Intel as a supplier. Apple reportedly is responsible for about 5% of Intel’s revenue. By producing its own chips for Macs, Apple could gain the advantage of better integration between its various offerings of hardware and software. Date: April 2, 2018… Read more »

Blackberry bounces back

Posted by & filed under Contemporary Business Issues, Corporate Restructuring.

Description:  Once written off for dead, Blackberry stock continues to rise. CEO John Chen has rewritten the Blackberry story by switching emphasis from the hardware market into supply of software. Concentrating on security, Blackberry’s software offers clients data protection in the midst of scary news on the data security front. Hardware now accounts for only… Read more »

Not again!

Posted by & filed under eCommerce.

Description:  Not again! Here comes another data breach. This time out Air Canada is revealing that some hotel bookings made by its customers may have been included in a breach of the Orbitz site. Orbitz first reported this data breach on March 20. The size of the problem is relatively small compared to some of… Read more »