Custom-Tailored Solutions to Address Your Company’s Needs
Our clients rely on us as their trusted advisor for various issues that arise in their businesses beyond accounting and tax. We help our clients develop solutions to issues concerning their business processes, personnel, performance, or strategy. The business advisory services we provide are widespread and depend on our client’s situation. Our clients often consider us to be an integral component in the success of their businesses.
As advisors for owner-managed businesses, we have developed a strong understanding of the dynamic challenges encountered by owner-managers. Some of the business advisory services we provide are:
Publicly accountable enterprises are subject to stringent financial reporting standards, which are subject to continual change. The International Accounting Standards Board continually undertakes projects which alter the financial reporting standards. Public companies, particularly those in the mining sector, rely on our knowledge of International Financial Reporting Standards (IFRS) to provide guidance on technical accounting matters.
The detailed calculations involved in complex transactions require a strong understanding of the latest IFRS. Our well-versed public company consulting team provides advice on accounting standards and principles in complex areas such as deferred income taxes and stock-based compensation.
Mergers, acquisitions and divestitures are commonplace in today’s business environment and the process can be very cumbersome. Our team provides guidance throughout the process in order to facilitate the transaction to the full satisfaction of the parties involved. As part of the process, we address the importance of clarifying each party’s goals and we help develop strategies to meet these goals.
We are experienced in performing due diligence procedures to analyze current value and future earning potential. We ensure that price and value are aligned throughout the negotiation process.
Our team also manages the human side of mergers and acquisitions by ensuring that the proper alliances are formed. A smooth transition is very important in a merger or acquisition and our clients rely on our advice throughout the process to ensure that the transition is as efficient and effective as possible.
As Baby Boomers and Gen X age, succession and estate planning has become an important consideration for many Canadians. We work with our clientele to develop solutions to the struggles associated with transitioning a business to the next generation or to new owners. We help our clients develop a business plan which allows for a smooth transition from generation to generation or between owners, and we develop a tax-effective ownership structure to make sure that our client’s needs and wishes are met.
In order to properly plan for retirement and ensure that the next generation is in its optimal tax situation, many factors within the family need to be carefully considered. We understand that each client’s situation is different and the importance of planning accordingly.
When undergoing a major purchase, sale or expansion, it is important to ensure that the transaction is executed diligently from both a business and tax perspective. We draw on our extensive experience with significant transactions to assist clients well in advance of the transaction’s completion.
There are significant tax implications with any major purchase, sale, or expansion. Our experienced team maintains constant communication with our clients throughout the evaluation, negotiation, and decision-making processes.
We ensure compliance with all relevant tax regulations, commodity tax in particular, and assess potential income tax implications resulting from a transaction, well before any contracts are finalized. Our guidance helps maximize the return for our clients.
Reach out to one of our accountants today to see how we can help you.
