I am what is known here as a boomerang. I left the firm to try something different, and then returned. Here is my story.
GGFL partner Chad Saikaley came from the sprawling, multi-national accountancy world. He understands the lure of the Big 4, especially for graduates, and he has friends who are happily forging careers with those firms. But, after eight years between two of these firms, Chad decided he wanted a change.
Chad found his true professional home at GGFL, and, in the process, discovered there was a real competitive advantage with a locally owned and managed mid-market firm. He would like graduates, and those in mid and late career, to understand why.
How to stay together while moving forward: Anticipating issues in succession planning for the family business
Transitioning a business is difficult at any time. When you add the complexity of family dynamics, it can add another thick and complicated layer. Past research has shown that approximately 30% of family-owned businesses will survive into the 2nd generation, 12% will survive into the third, and only 4% into the fourth, and so on. A common situation is one where “dad” has built the family business from the ground up over the last 40 years, poured everything into it, and feels it is an integral part of who he is. He is building his legacy, and intends to pass it on to his “kids.”
In addition to Jeffrey Miller’s recognition as one of Ontario’s newest CPA Fellows (FCPA), he was recently awarded the Gilbert Greenberg Distinguished Leadership Award. We are extremely proud of Jeffrey’s accomplishments, and honoured to have him as a Partner at our firm.
The Doctor’s Financial Lifecycle Part 2: Transitioning to Medical Practice – from Salaried to Self-Employed
Becoming a doctor is no easy feat; but, we can tell you a few things about the business side of your practice and help get you on the road to financial security. We can help you navigate the tax issues that distinguish the salaried resident from the self-employed physician.
We know that anyone embarking on a career as a self-employed physician has lots to think about. Even though retirement is light years away, putting the right plans in place will help you achieve your financial goals and make a huge difference to your lifestyle during your working years.
Following its release yesterday afternoon, there’s no doubt that the hot topic at the water cooler today will be on the 2017 Ontario Budget. We have provided some highlights you need to know to keep up your end of the conversation.
While being self-employed often means having the freedom to do things your own way, tax season can feel like a punishment to the side hustler. Things aren’t so simple for small business owners and freelancers.
The Federal Budget released on March 22, 2017 proposes changes to the tax treatment of “Work In Progress for Professionals.” These changes could have a significant impact on tax bills for professionals (which specifically include Accountants, Chiropractors, Dentists, Lawyers, Medical Doctors, and Veterinarians).
2016 – 2017 tax rates on corporate income, RRSP limits, prescribed interest rates, automobile amounts, personal tax brackets for salary and dividends, TFSA, CPP and EI limits, pension splitting with spouses, Workplace Safety & Insurance Board (WSIB), and clawback of Old Age Security.