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The Latest at Baker Tilly Calgary

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    Importance of Employee Benefits Plans

    With the economy opening back up and the world slowly transitioning back to normal, business owners are looking at the future of their companies. One of the critical challenges for this post COVID world is a company’s ability to attract and retain top talent. Employee Benefits can set you apart from other companies and attract the applicants you are looking for.

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    Managing banking relationships in agricultural organizations

    For many agricultural organizations, their chosen financial institution is a significant partner in the success of the operation. With increasing consolidation of farm corporations, credit facility agreements are becoming larger and more complex. Reporting frequency has increased, covenants have been added, and many institutions are seeking forward-looking projections. 

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    Does Buying a Business Make Sense?

    With a reported 60% of small and medium-sized Canadian business owners being 50 or older, it is expected that the supply of businesses-for-sale will increase in the coming years.  Buying an existing business can have many benefits over starting from scratch, but overlooking the faults of an existing business can lead to losses and headaches. 

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    The risks and rewards of artificial intelligence

    It’s rare to get through a day in 2024 without considering the state of artificial intelligence (AI) and where it is likely to go next. Just a few short years ago, it played a limited role in our daily lives, and it now seems to be everywhere.

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    Is it Time to Start my Succession Plan?

    Is it time to create a succession plan? A recent survey by the Canadian Federation of Independent Business (“CFIB”) reported that 42% of small business owners now expect to retire later than planned because of COVID-19.  This has significant implications for Canada’s economy, aging entrepreneurs and their families.  

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    Data, AI and other tech revolutionizing the farm industry

    Today’s farming businesses are facing unique challenges, but there are exciting new tools at their disposal that offer new possibilities. These tools are getting more sophisticated every day. By simply tracking recent trends in the agriculture industry, we can start to get a sense of where the sector is likely to go next. One fact seems undeniable: data and artificial intelligence (AI) are here to stay. Both are essential tools that can transform any farm’s sense of what is possible. In this article, we’ll take a closer look at how high‑tech tools are revolutionizing the farm industry.

    Baker Tilly

    Ten obstacles to effective strategy

    In this article I examine the main reasons why professional firms typically are littered with uncompleted strategic projects and failed initiatives. The ten obstacles that I have identified can, of course, be addressed by better processes. In addition, I plan to set out in an ensuing article what I consider to be the four starting principles that provide both the foundations and the platform for successful strategic planning and execution.