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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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    The Lonely Leader

    It is a privilege to be recognized as a leader and have the opportunity to drive a firm, a practice or a group in the right direction, providing orientation and building integration at the same time. It can be a very fulfilling experience.

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    Three better metrics for law firm success

    You’ve probably come across the “Law of the Instrument,” first coined by philosopher Abraham Newman but more commonly attributed to psychologist Abraham Maslow: “It is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail.” It describes a faulty approach to problem-solving whereby your own expertise and experience dictate your analytical responses.

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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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    How AI is shifting law firm content strategy

    The rise of AI chatbots and AI-powered search is transforming how people find and consume information. With tools like ChatGPT and Google’s Gemini providing instant, detailed answers to user queries, fewer people are clicking through to websites to find what they need—a phenomenon marketers call “zero-click searches.” This shift is particularly important...
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    Stratospheric strategy success: eclipsing mediocre to meteoric

    Strategy within many law firms is considered optional. These firms prefer to do what they’ve always done, then sweat and bleed to grind out results. 

    That’s because they choose to play it safe and run with the rest of the competitive herd. But running with the herd does not protect you from harm, it simply makes you one of many.

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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.