Posts

Cybersecurity

Cybersecurity risk is persistent and growing. For the sake of your company finances, pay attention

When I wrote last year about the risks posed by cybersecurity threats such as malware or ransomware, it was with an expectation that the situation might improve as risk awareness rose. But that hasn’t been the case. Quite the contrary, in fact. The reality is that cybersecurity risk is as great a threat to your […]

Don’t be fooled: HR law compliance is a finance issue, too

Virtually every CEO would agree that employment law non-compliance, a failure to take workplace harassment seriously, and the general flouting of accepted human resources standards, is unacceptable. Building workplaces free of anti-social behaviour isn’t just an aspirational goal, it’s a basic legal requirement in every province in Canada. That’s especially so in Ontario, which has […]

Managing one of the overlooked aspects of growth: business change

So, you’ve founded a company, managed to survive the first few start-up years and now employ a staff of around 20 people. The good news: you’ve come further than the average entrepreneur, who, statistics show, will start and crash out of multiple businesses before eventually achieving success (assuming they do, indeed, manage the feat). But […]

Brexit causing headaches for many Canadian exporters

In about a month the United Kingdom could unceremoniously stumble its way out of the European Union—the patchwork of nation states that came together in the wake of the Second World War and gradually formed what was intended as a lasting political and economic federation unlike anything the world had ever seen. It would be […]

You’ve been audited by CRA. Now what?

If there’s one letter that entrepreneurs dread receiving in the mail, it’s the one from the Canada Revenue Agency informing them that their business or personal returns are the subject of a tax audit. Audits can take weeks, months, even years to complete in extreme cases, and can be emotionally and financially draining for business […]

Tax benefits abound when entrepreneurs make charitable donations

Canadian entrepreneurs make millions of dollars in donations to a wide range of charitable organizations each year. What many don’t realize is that giving back can have some very positive tax implications. But before we get into the details, let’s examine a few interesting facts. Did you know that according to the Canada Revenue Agency […]

Why business record-keeping matters–A KRP case study

Comprehensive record-keeping is a major challenge for many entrepreneurs. After all, most business owners are so busy running their organizations that taking the time to document minutiae such as travel time to client meetings becomes a burden—and a task that many inevitably neglect. But as one recent engagement with a KRP client proves, doing so […]