With more than 45 years of experience in accounting, tax and business advisory, Baker Tilly Catalyst LLP (formerly Catalyst LLP) is dedicated to aiding in the success of private businesses across Calgary and Southern Alberta.
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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.
Deputy Prime Minister and Finance Minister Chrystia Freeland delivered the 2023 Fall Economic Statement (FES) in the House of Commons on Tuesday, Nov. 21, 2023.
As a business owner, it’s important to have a strategy in place to protect your assets from potential creditors. Several instances can arise that put your business assets at risk – the most common being a lawsuit.
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.
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.
Technology is evolving so fast. Some might say that’s exhilarating, while others might see it as exhausting. With Artificial Intelligence (AI) being integrated into businesses at an unprecedented rate, it’s easy for a company to feel out of shape as it tries to keep up with technology trends, in order to remain current and competitive.
Given the all-consuming complexity of any farm business, it’s not uncommon for farmers to overlook the importance of retirement planning. The constant need to reinvest in these businesses means there’s rarely a good time to think about saving for the future.
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.
If you’re an agri‑food processor or manufacturer, there are a number of valuable government incentives available to your business. However, to access these programs, you will need to navigate a complex web of requirements.
Perhaps second only to brand and reputation, partners represent a law firm’s most valuable asset.
