Greg DePersio

Greg DePersio

Greg DePersio has over 10 years of experience in finance. He did his undergraduate work in English and graduate work in accounting. His background includes internal audit and investment real estate. Additionally, Greg has served as a consultant for several financial firms, providing search engine optimized website content, sales, and marketing materials, and editing services.

pro-taxes

Accounting Tip: Pay Low Tax Rates on Capital Gains From Shares in Foreign Corporations With This Strategy

Accelerate your clients' tax savings by educating them on how to use registered investment accounts to lower taxes from foreign holdings. In particular, help your clients understand why they should prioritize high-dividend foreign stocks for their registered accounts while keeping low-dividend shares elsewhere.

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pro-taxes

Is a Sale-Leaseback Transaction Right for Your Client?

Educate your clients on the benefits of sale-leaseback transactions, in which a company sells a property and then leases it back from the new owner, maintaining the use of control over it the entire time. This type of real estate deal lets a company free up capital without taking on debt or issuing stock.

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firm-management

Accounting Tip: WSIB Now Uses the Consumer Price Index for Making Inflation Adjustments to Benefits Payments

Educate your clients on the latest changes made by the Workplace Safety and Insurance Board, which adjusted the method it uses to increase disability recipients' compensation each year for inflation. These changes could affect both your business-owner clients and those who collect disability benefits.

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accounting-news

How Hosting Client Data or Records Affects Accountants’ Independence

Understand the AICPA's new ethics interpretations that affect all CPAs who offer both attest and nonattest services to clients. If you offer ancillary services such as web hosting, you should pay close attention, as the AICPA's guidelines now state that hosting client files can impair independence.

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pro-taxes

Do Your Clients Have to Pay the Transition Tax?

Help your Canadian clients who have U.S. citizenship or dual citizenship navigate the recent tax reform in the United States, particularly the transition tax, which imposes a one-time levy on money earned abroad by U.S. citizens who have ownership shares in businesses abroad, including in Canada.

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pro-taxes

Elimination of the Investment Tax Credit for Child Care Spaces

Understand the details of the Investment Tax Credit for child care spaces coming to an end, and learn in which situations your clients can continue to claim tax credits a little while longer for the child care costs their businesses have incurred. Understand the tax forms required to claim the child care credit.

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payroll

Should Your Company Relocate to a Province With a Lower Minimum Wage?

Determine whether moving your business to a new province to escape rising minimum wages and increased labour costs in Ontario and Alberta is a good idea or whether the costs, business disruptions, and logistical challenges of moving wipe away any benefit you get from cheaper help.

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technology

Setting Up a Digital Loyalty Program

Boost your customer loyalty and give your best customers a reason to keep coming back by establishing a digital loyalty program for your business. With the proliferation of apps designed for this purpose, you can customize your digital loyalty program however you like.

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