Accounting

If you have a professional license, you may as well wear a sign that says “Please Sue Me.” The general belief of the public is that a profession is very wealthy and highly insured, which leads to an easy payday if they can make a claim that you did something […]

How can Canadian business owners and financial mangers secure working capital financing and cash flow financing for their business at a time when it seems that access to business financing provides significant challenges? The answer is that a potential solid solution exists by the name of an ‘asset based line […]

Whether you are running a business or having your own restaurant, it is your duty to protect it from liabilities. The public who are coming to the office premises can face several problems or accidents due to negligence of employees who are working in office. These results in liability claims […]

In our last article we talked about the alternative minimum tax item, resulting from depreciation of business or rental property. A direct corollary of that issue is the AMT item that results from any subsequent sale or other disposition of such property. Critical to minimizing a taxpayer’s AMT is an […]

Most of us would rather not think about the death of a loved one. Unfortunately, like paying tax, it is inevitable. But what happens when you are the beneficiary of a deceased estate? In this article we discuss the basics of receiving an inheritance: A loved one has passed away. […]

How do firms choose their operating cycle? How do firms choose their cash conversion cycle? What is the impact of firm’s operating cycle on the size and periodicity of investments in receivables and inventories? How do seasonal and cyclical trends affect firm’s operating cycle, cash conversion cycle and investments in […]

A final decision to invest in a commercial property is usually dependent on the results of a due diligence analysis. When doctors invest they rely on their team and use a systematic process of investigation into the details of a potential investment, such as an examination of operations and management, […]

Balance sheets play a critical role in any business, regardless of that business’s size, age, and industry. They can be beneficial for small businesses too, and that’s the reason many small business owners prepare them. Any company with shareholders needs to prepare a balance sheet, otherwise known as a Statement […]