Is Your Company “Audit Ready”?
Audit ready or audit readiness is just as the name implies: ensuring that your organization is prepared for an audit. Achieving audit readiness not only supports the external auditor’s objectives, but it also benefits the organization internally through the tracking of financial results against operations, and externally, through the reporting to lenders and investors. The following steps will ensure your team is audit ready all year round!
Asset Division in a Matrimonial Breakdown
Marital breakdowns can be some of the most difficult and emotional experiences for individuals to face. In a recent article, we discussed the calculation of income for support obligations
. This article will focus on the Family Law concept of the division of assets, known as Net Family Property (“NFP”).
Corporate Social Responsibility: An Organization’s Corporate Value
One may think that the main objective of a business is unequivocally about the “bottom line” (i.e., profits). However, this is often a mistake that may cause a business a lot of trouble and ultimately, negatively impact profitability. While we can all agree that the bottom line is extremely important to an organization’s success, several other aspects are intertwined with the overall value of the entity. This value extends far beyond mere economic factors to include social and environmental factors mending together as “the company”.
New Luxury Tax Coming into Effect on September 1, 2022
Budget 2021 had announced the introduction of Luxury Tax on the sale or import of certain vehicles, boats, and aircraft. With the Luxury Tax set to take effect as of September 1, 2022, now is the time to buy the luxury goods subject to the tax, before the tax comes into effect. This article will discuss how the Luxury Tax works, as well as the implications to the vendors that may be required to register.
Income Considerations in a Marital Breakdown
Marital breakdowns can be some of the most difficult, emotional experiences for individuals to face. Among the many issues to consider are the financial elements related to the division of Net Family Property (i.e. equalization of net assets) along with Spousal and/or Child Support obligations.
Valuations FAQ – The Beginning
In our previous article “What’s a CBV (Chartered Business Valuator)”, we explored what a CBV does and the types of engagements in which their expertise may be sought. In this article, we will explore the beginning of a valuation engagement, and the common questions that clients often have.
What’s a CBV (Chartered Business Valuator)?
One of the most famous lines from William Shakespeare’s Romeo and Juliet questions the meaningfulness of names, and given definitions, as follows:
“What’s in a name? That which we call a rose by any other name would smell as sweet.”
Shareholders and Disputes – Through a Valuator’s Eyes
Some of the primary reasons that the services of a business valuator are required involve changes related to shareholders. In some cases, a successful business may add one or more shareholders to strengthen its core operations or reward performance.