Whether you operate a brand-new start-up or a business that’s been in existence for many years, if you need financing, banks and other financial institutions will require some standard information before cutting you a cheque. All too often, entrepreneurs are caught off guard when asked to provide this documentation. The type of credit you need–such […]
One of our founding partners, friends and mentors, is taking a final bow after a long and illustrious accounting and management career. Ralph Rabinowicz–who co-founded Kestenberg · Rabinowicz · Partners LLP in 1973 with the aim of providing comprehensive and effective accounting and strategic financial advice tailored to the needs of some of the Greater […]
If finance and accounting were easy, there would be far more successful businesses operating (and thriving) in this country. It’s a point I made in Pt. 1 of this two-part series on tackling one of the toughest challenges facing any small to medium-size business owner: cash flow management. In that last post, I noted a […]
There are plenty of reasons why small and medium-sized businesses (SMEs) succeed in their respective marketplaces, but perhaps even more why they don’t. From developing products and services that their target clientele really doesn’t need, to strategic miscalculations, Canadian SMEs face a raft of obstacles to achieving business success. There’s one challenge that can be […]
The Federal Government’s 2017–18 Budget gives Canadians a taste of what they might expect over the next couple of years: attempted efficiencies, closed tax loopholes, steady deficits, and a touch of caution. Budget 2017 outlines only $200 million in net new spending, but also an increase to the deficit of more than $5 billion for […]
It’s the entrepreneur’s dream—come up with an idea, develop a business plan, start building out a product or service, then take it to market and experience rapid year-over-year growth. But in almost every case, fast growth comes with strategic business challenges. Some of them are so daunting they can push a company off the rails […]
Recent changes to federal tax rules related to life insurance policies could have a significant impact on tax, estate and financial planning for some entrepreneurs. The good news: there’s still time to act and adjust your insurance strategy before these changes take effect in 2017. It’s important to note that tax rules related to life […]
If there’s one goal shared by all investors, it’s the obvious desire for a substantial return on any investment they make. For entrepreneurs, investors are a lifeline of both funding and in some cases even insights and support (be it direct or indirect) in the drive to make their organizations a success. Many business owners […]
Entrepreneurs, did you know that the movement of funds through wire transfers is susceptible to theft? How the robbery takes place – It starts when a company receives an email from a supplier requesting funds to be transferred to another bank. This request appears to be unusual, which prompts the company to request a confirmation […]
The sliding Canadian dollar has left most business owners in a tough spot. While exporters likely have—or soon will—enjoy an increase in demand for their products thanks to the lower loonie, any entrepreneur that imports goods or services is surely experiencing significant bottom-line pain as a result of our currency’s tumble, one that doesn’t show […]
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