News

Tax Evasion

Posted by: Jacob Abecassis  /  Tags: , , , , , , , , , , , ,

What is tax avoidance? How does it differ from tax planning and aggressive tax planning?
Tax avoidance and tax planning both involve tax reduction arrangements that may meet the specific wording of the relevant legislation. Effective tax planning occurs when the results of these arrangements are consistent with the intent of the law. When tax planning reduces taxes in a way that is inconsistent with the overall spirit of the law, the arrangements are referred to as tax avoidance. The …

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Canadian commercial lending rises in second quarter

Posted by: Jacob Abecassis  /  Tags: , ,

Canadian commercial lending rose in the second quarter, PayNet Inc reported on September 21, 2011 showing that smaller businesses we’re expanding even as economic storm clouds gather in Europe and the United States.
PayNet, which tracks commercial financing to thousands of small and medium-sized companies, said its Canadian Business Lending Index rose 3 percent in the second quarter from the first three months of the year.
That was the largest rise in the index, which tracks the creation of new …

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The Scoop on Business Loans

Posted by: Jacob Abecassis

A Business loan is a loan granted for the purpose of conducting business. There are many different types of business loans, depending on the various business factors:
Term Business Loans
Term business loans are loans usually used to obtain working capital. These types of business loans are repaid monthly over the life of the loan. The term business loans are used for big loans. The term business loans can be secured or unsecured. The secured small business loans …

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Owner-Managers Need To See The Forest for the Trees

Posted by: Jacob Abecassis  /  Tags:

When did you last access your business’s internal controls?
Being close to the action is typically good because you are better prepared to make an informed decision.
But it is possible to be too close especially for internal control development.
Processes or checks that make sense to you may be the function of habit rather than best practice, so evaluate your current controls and their outcomes.
It just smart business…….

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Owner Managers investing for growth in Ontatio

Posted by: Jacob Abecassis

Small business owners are investing for future growth:
A recent RBC Poll has clearly shown that two out of three plan to make investments in their business over next two years.
“Despite ongoing economic uncertainty, two out of three (66 per cent) Canadian business owners are planning on investing in the their company over the next two years, according to the 2011 RBC Small Business Survey, conducted by Ipsos Reid. This investment will be in areas such …

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Small Business News

Posted by: Jacob Abecassis  /  Tags:

Opposition drops ball on economy
Opposition MPs swung at shadows Monday after the opening bell of the fall session of Parliament – a match featuring a lightweight opposition against a heavyweight Conservative majority.
And what looked like what was going to be a united front on the government’s handling of the economy fizzled when the opposition used most of question period to focus on a myriad of issues other than the threat of a second recession in three years.
For …

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You Can Get a Loan for Your Small Business

Posted by: Jacob Abecassis  /  Tags: , ,

With credit being so tight, the questions you might be asking yourself as an owner/manager are: How can I get a small business loan at a price that I can actually afford to pay?
How can I finance my business in a realistic way that doesn’t threaten my personal finances?
Who can I turn to that really understands business loans and how they work?
Please consider that the Canadian small business loan industry has been through the ringer over the …

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Canada can withstand ‘buffeting’ from Greek crisis: Flaherty

Posted by: Jacob Abecassis  /  Tags: , ,

With debt-laden Greece on the brink of bankruptcy, Finance Minister Jim Flaherty says Canada’s fiscal house is in order. He added we may be “buffeted” by a crisis in Europe, we will survive.
Over the weekend, Greek officials admitted the country only has enough cash to see it through this month. Last week international investors threatened to withhold a bailout cheque of 8 billion euros because Greece was routinely failing to meet austerity measures agreed to in previous bailout negotiations.

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Government invests nearly $1-million in two Toronto startups

Posted by: Jacob Abecassis  /  Tags: , ,

Toronto startups Wave Accounting Inc. and Guardly have received nearly $1-million from the government through FedDev Ontario’s investing in business innovation initiative, it was announced today.
Wave will receive up to $755,039 to help further commercialize its free online accounting tool for small businesses, while Guardly will get up to $237,500 to further develop its security-oriented mobile application.
“This support from FedDev Ontario allows us to make the best strategic decisions for the long-term viability and success of …

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Small Business Loans a Challenge

Posted by: Jacob Abecassis  /  Tags: , , ,

Financing for small businesses is always of critical importance. On average, 17 percent of all Canadian entrepreneurs indicate that obtaining financing is an ongoing obstacle to growth.
A NEW OPPORTUNITY
While most owner managers (i.e. 68%) receive financing through banking institutions, Canadian government funding and grants are increasing their penetration in Southern Ontario since the formation of the Economic Action Plan and enhanced social media tools to improve communication.
WhiteGold Financial can help you take advantage of government …

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