The Need for Tax Simplification – A Challenge and an Opportunity

Posted by & filed under Accounting Careers, Taxation & Planning.

Foreword: According to Benjamin Franklin, taxation was an absolute certainty in this world. Taxation continues to be an inescapable fact of life in our modern global world. For CGA-Canada and our members – business and accounting leaders across the country – taxation has always been a key area of interest and concern. On an international… Read more »

You are in demand !!!!

Posted by & filed under Accounting Careers, Canadian Economy.

  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 »

Happiness is owning a small business!

Posted by & filed under Accounting Careers, Financial Accounting, Financial Statement Analysis, Managerial Accounting.

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

Posted by & filed under Accounting Careers, Uncategorized.

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 »

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

Posted by & 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 »

Super Voting Shares! The Power to Control and receive $1.7 Billion

Posted by & filed under Accounting Careers, Corporate Restructuring, Financial Accounting.

Super Voting Shares:    Its a known fact that private corporations may issue to the initial founding shareholders’ shares that give the holders right to multiple votes, even preferred shares may have multiple voting rights, if properly structured by a corporate lawyer. This is why I always advise my students, that in the event they consider… Read more »

Internal Auditing a career to consider!

Posted by & filed under Accounting Careers, Auditing, Canadian Economy.

Profession: Internal Auditing is now a fully developed profession, Internal audit developed as an extension of the external audit role in testing the reliability of accounting records that contribute to published financial statements. These are exciting times for internal auditors, especially those who see themselves as agents of change within the organization. The drive to… Read more »

Year-End Tax Planning-2010

Posted by & filed under Accounting Careers, Taxation & Planning.

Accountants are always keeping up to date on tax related issues.   Here are a few tax planning ideas to consider before 2010  and changes for 2011: 1.Federal Small business rate remains at 11% for Federal tax purposes 2.New Avoidance Transaction rules, must be reported after 2010. 3.Quebec Sales Tax Rate: Increasing from 7.5% to… Read more »

Restructuring GM: Government Bailout a Success!

Posted by & filed under Accounting Careers, Auditing, Corporate Restructuring, Financial Statement Analysis, International Accounting.

General Motors started trading on the Toronto Stock Exchange on Thursday, a day after its IPO raised US$20 billion. From a starting price of US$33 a share it rose as high as $35.95 in intraday trading before settling at $34.01. It closed at $34.19 on the New York Stock Exchange, a gain of 3.61% in… Read more »