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Should a Non-Profit Organization Incorporate?
A not-for-profit organization (NPO) has no legal requirement to incorporate; however, as an unincorporated entity, the organization would have no legal status. An unincorporated NPO is simply a group of people (members) who get together for a common purpose.
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Assessing Your Not-For-Profit Auditor
Evaluating your auditor is important for a non-profit organization (NPO). It is the Board of Director’s responsibility to assess the performance of the auditor at the conclusion of an audit engagement. This assessment should focus on the following key areas: The
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Looking ahead: Ten tips to prepare for a downturn.
Recessions, and even lesser economic downturns, can – and do – ruin once-thriving businesses overnight. While it’s true that economic hills and valleys are beyond the control of small and medium sized business owners, those overnight crashes are often the
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How To Cut Out The Guesswork And Bid Smart on Construction Projects
Competition is tough for construction companies. There are contracts to be had but they are increasingly more difficult to win. To be competitive, and win those contracts, these are some basic financial questions that company owners should be asking themselves. Having
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Independent Contractor vs. Employee
Determining whether you’re an employee or a contractor is a critical decision with important consequences for both the worker and payer (the company, employer or individual paying for the work). Employee or contractor? It might sound like an easy distinction to make,
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Paying dividends to family members
Personal taxation for families that operate a business through a Canadian Controlled Private Corporation has drastically changed since the announcement of the new Tax on Split Income (TOSI) rules for adults in July of 2017. Prior to the changes, a shareholder could
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