One in three employers around the world is having a hard time finding qualified talent — including accounting and finance staff — according to a survey by US-based global staffing service ManpowerGroup. Of the employers polled, 90% say available job candidates do not have the necessary skills and experience, have insufficient qualifications or lack… Read more »
Posts By: Gerry La Rocca
Unification of the profession : retention of rights, regulations and public accountancy
Why are we considering the creation of a new designation? We are witnessing an irreversible international trend in which forces are converging around three major bodies: the American Certified Public Accountants (CPAs), the Global Accounting Alliance (GAA), made up of 11 of the leading accounting organizations in the world, and the Association of Chartered Certified Accountants… Read more »
Happiness is owning a small business!
Small business owners in Canada are a happy group, a new survey says. In fact, 62% of Canadian small business owners would describe themselves as “very happy” with only 1% saying they are “very unhappy.” These are just some of the findings from TD’s Small Business Happiness Index, which examined the attitudes and behaviour of… Read more »
The India Opportunity
India, one of the world’s largest economies, has become one of the most critical markets for global Diversified Industrial companies. Fast Facts • India is the world’s largest democracy and the 12th largest economy in the world. • Among BRIC (Brazil, Russia, India and China), countries, India is expected to deliver the highest growth rates… Read more »
Canada’s corporate income tax fight
To Lower or not to Lower Corporate Tax Rates? Let us look at a few conflicting arguments. We are presently in the mist of a Federal Election, and all the major parties have different arguments to increase or decrease taxes. All three parties basically seem to get the notion of corporate competitiveness and the link… Read more »
The Future of Private Company Reporting?
IFRS( International Financial Reporting Standards) for SMEs (Small Medium Enterprises) is a separate comprehensive set of standards for non-publicly accountable entities that is the result of a five-year development process with extensive consultation with SMEs worldwide. It simplifies many of the principles in full IFRSs for recognition and measurement, omits topics not relevant to SMEs,… Read more »
Bauer Performance Sports Ltd. to List on the TSX
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!
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
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!
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 »