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THE UNDERSTANDING ACCOUNTANT My final and most important comment on choosing the right accountant relates to the empathy or understanding of your accountant regarding your business and the challenges that you face on a day to day basis as a … Continue reading
THE RELIABLE ACCOUNTANT The reliability is probably the key factor in establishing a trusted relationship with your accountant. If you want your questions answered then you need someone who gets back to you or visits your business on a regular … Continue reading
THE GOOD LOOKING ACCOUNTANT I am venturing into dangerous ground with the above caption for this blog. However, the appearance of your accountant can help you make the right choice. Let’s make the assumption that most business owners want to … Continue reading
THE COMPETENT ACCOUNTANT Business owners expect that their accountant is “competent” in the financial and tax matters that effect their operations. Unfortunately this is a Catch 22 situation as the knowledge that defines competence is what the owner doesn’t have … Continue reading
By Brian Austin, Vice Chairman, Padgett Business Services CHOOSING AN ACCOUNTANT After 40 years in the accounting profession, I have come to realize that the decision most people make when choosing an accountant is often based on a single factor … Continue reading
DID YOU KNOW???? That there is more to processing payroll than just “cutting” cheques? Most small business owners believe that processing their payroll is nothing more than doing just that.. Consider this: In the last three years according to CRA … Continue reading
USE CAPITAL LOSSES You can use your 2011 capital losses to reduce your current year’s income taxes by applying such losses against your 2011 capital gains. You must however be careful of the superficial loss rules preventing you … Continue reading
PERSONAL ASSETS This week I had a question from an elderly client regarding what she should do with her cottage. Surprise – I didn’t even know she had a cottage. Personal assets that don’t generate income are often overlooked … Continue reading
Product/Service Fee/Price Your Profit BUSINESS OF BUSINESS Every day people pose business questions to me covering a multitude of issues, problems or conflicts. The simplest way to proceed in providing advice in these situations is to understand the “business of … Continue reading
AUDIT PROOFING Some of you might have been wondering what I was referring to in my blog on Small Business Accounting regarding having consistency, accuracy and completeness as a goal for your accounting system. That’s what I call audit … Continue reading