firm-management

Hire Youth and Receive the Career Focus Development Program

Learn about the Career Focus Program from Employment and Social Development Canada (ESDC), which is designed to encourage businesses to hire and train young people. Under this program, your client can get up to 80% of project expenses covered by financial aid when meeting certain requirements.

Read more
pro-accounting

Help Your Clients Streamline the Month-End Close

Master the month-end closing process by helping your client create a close schedule, standardize its processes, and cross-train its staff. In addition, learn the benefits of distributing workloads in certain ways as well as evaluating the month-end close process after the period has ended.

Read more
pro-accounting

Accounting Term: What Is the Death Spiral?

Learn what it means to enter into an accounting or business death spiral. This common pitfall arising from allocating costs incorrectly can lead to massive mistakes including cutting profitable product lines. Find out multiple steps you can take to help your client avoid the death spiral altogether.

Read more
funding-financing

Crowdfunding Your Real Estate Projects

Discover a few platforms that host real estate project crowdfunding. By understanding how RealStarter, FundingNomad, Open Avenue, and NexusCrowd work, you can invest in real estate projects or get funding for the real estate projects you want to embark on.

Read more
pro-accounting

How to Calculate and Account for the Time Value of Money

Learn how to calculate a few functions of the time value of money, why the time value of money is important, and under which circumstances the time value of money concept is not useful. Discover how to calculate both the present value of a lump sum as well as the future value of a lump sum payment.

Read more
pro-taxes

Achieving Success When Filing Income Tax Objections With the CRA

Learn the process for filing an income tax objection with the Canada Revenue Agency. This includes when your client is eligible to object, how to apply, and when the objection is due. Also find out how this process differs from an adjustment and how to simply revise an existing income tax return.

Read more
pro-taxes

Understanding the New Canada Caregiver Credit

Understand the new Canadian Caregiver Credit that combines three older tax credits. Learn how this new credit is different than what was previously available to your clients. Review how much your clients can claim, who constitutes an eligible dependant, and what sorts of care must be provided.

Read more
pro-accounting

Accounting Term: What Is the Payback Reciprocal?

Uncover how to calculate the payback reciprocal. Learn how this calculation relates to the payback period, when it's useful to use, and how to evaluate your findings. Also, find out the drawbacks of the analysis technique including time value of money, cash flow consistency, and the length of your project.

Read more