Valuation & Litigation Support
Valuing a Dental Practice
Commercial Goodwill of Professional Practices: Dentists A professional service business (“PSB”) is a service business
Valuing a Dental Practice
July 23, 2024
Commercial Goodwill of Professional Practices: Dentists A professional service business (“PSB”) is a service business performed by highly-skilled professionals in a specific field. Typically, these
Controls Over Cash Management
July 3, 2024
Internal controls over cash are meant to protect and safeguard cash assets. Implementing such controls empowers organizations to limit fraud. How a business approaches cash
Finance Provides More Details About the Increase in Capital Gains Inclusion Rate
June 18, 2024
The Department of Finance (“Finance”) previously announced in its 2024 federal budget changes to capital gains, as follows: The capital gains inclusion rate will be
Ownership of an LLC as a Canadian Investor is Problematic
June 4, 2024
A limited liability company (LLC) is a very common legal structure in the U.S. through which many U.S. businesses and real estate ventures choose to
What is the Cost of NHL Playoff Failure?
May 14, 2024
Our hometown Leafs have let us down (again), so we thought we would reflect on their most recent playoff elimination in the first round of
Canadian Federal Budget 2024 Commentary
April 17, 2024
Canada’s Deputy Prime Minister and Finance Minister, Chrystia Freeland, unveiled the country’s 2024 federal budget on April 16, 2024. This budget centers around critical tax
Valuing a Dental Practice
July 23, 2024
Commercial Goodwill of Professional Practices: Dentists A professional service business (“PSB”) is a service business performed by highly-skilled professionals in a specific field. Typically, these professionals have received advanced education, training, or certification, to verify their related skills. A unique challenge in valuing a PSB is whether the underlying value beyond the net assets on the balance sheet is entirely personal in nature, and thus, not capable of being separated from that specific professional. Consider a cardiac surgeon. While the
Controls Over Cash Management
July 3, 2024
Internal controls over cash are meant to protect and safeguard cash assets. Implementing such controls empowers organizations to limit fraud. How a business approaches cash handling controls depends on the nature of the entity. The cash system in a retail setting will differ from that of a professional services firm. However, in every organization the cash system generally includes cash disbursements (payments), cash collections (receipts) and petty cash. The following are some common internal controls businesses should have in place
Finance Provides More Details About the Increase in Capital Gains Inclusion Rate
June 18, 2024
The Department of Finance (“Finance”) previously announced in its 2024 federal budget changes to capital gains, as follows: The capital gains inclusion rate will be increased from 1/2 to 2/3 for capital gains realized on or after June 25, 2024. For an individual at the top marginal tax bracket in Ontario, the first $250,000 of capital gains will be taxed at a combined federal and provincial rate at 26.8% (unchanged). The capital gains beyond the $250,000 threshold will be taxed
