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Part 2: An innovative approach to five-fold growth in revenue âThe Collins Barrow Toronto formula
This is the second half of a two-part series exploring how to compete â and win â as a mid-market firm. Previously we outlined strategies to entice and engage top talent, who are key to expanding your business. Now, letâs discuss how to increase revenue. Â
Apr 5, 2016
Issues to consider when reviewing costs of care claims
As a litigation accountant, one may review and quantify several life care plans each week, both for plaintiff and defense counsel. On occasion, comparisons between reports are completed, using a âcompare and contrastâ or âexceptionâ approach.  The calculations may appear simple; present valuing the costs using actuarial estimates, taking into account discount rates, mortality and inflation. However, there are many issues to consider when reviewing these costs of care reports. It is prudent to see the overall conceptual issues, rather than merely inputting the individual values.Â
Mar 15, 2016
An economic analysis of damages in fatal accident claims
<strong>Surviving dependent's financial perspective.</strong><br /> The basis of any damages calculation is to restore a plaintiff to the same financial position in which he or she would have been had the wrongful act not occurred. In other words, in the case of a wrongful death claim, the objective is to allow the deceasedâs dependents to enjoy the same quality of life, from a financial perspective, as they would have enjoyed had the deceased lived. The award is thus meant to reflect the portion of the deceasedâs earnings that would have gone towards the financial support of the dependents.Â
Mar 14, 2016
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Medical professionals
Buying and selling veterinary practices
Are you planning to sell or purchase a veterinary practice? If youâre not sure what is required of you financially and legally to buy or sell a practice, I suggest putting together an advisory team featuring a lawyer, accountant and banker who can ensure your purchase/sale goes smoothly.
Mar 9, 2016
Know when to be a flexible leader
In todayâs constantly changing business world, at times effective leaders actually contradict traditional notions of leadership.
Mar 2, 2016
Tax advisory
Succession and estate planning
When family farm corporations donât live happily ever after
Previous issues of Farm Alert have discussed the benefits of incorporating a farming business, factors to consider before and after incorporating, and the importance of maintaining a pure farm corporation in order to take advantage of the lifetime capital gains exemption on a potential sale or transfer of family farm corporation shares.Â
Feb 23, 2016
Rules and recommendations for farmland rollovers
Are you a farm owner? The rules of farmland rollovers are complicated and differ depending on (a) whether youâre living or deceased at the time of the transfer and (b) whether your spouse or child is the recipient.Â
Feb 10, 2016
Part 1: An innovative approach to five-fold growth in revenue - the Collins Barrow Toronto formula
Focusing your business on the clientsâ needs first is a traditional business axiom. But, conventional thinking does not fully encompass Collins Barrow Torontoâs mission.
Jan 12, 2016
Advisory
Succession and estate planning
Farming and agriculture
Why Plan for Farm Succession?
<p class="p1">Despite farm groups working hard to advise farm owners of the need to plan for their eventual succession, many farmers appear to be reluctant to plan properly. Though there are many reasons, studies show that the number one reason is that it is âtoo earlyâ to begin planning. But is it really too early, or is there just an unwillingness to plan for succession?
Peter Hobb
Jan 6, 2016
Audit and accounting
Itâs a matter of trust â Part II
<p class="p1">This discussion is a continuation of our earlier <a href="/en/cbn/publications/its-a-matter-of-trust-part-i" target="_blank"><span class="s1">Tax Alert </span></a>and will focus on selected traps that taxpayers should be aware of when undertaking tax planning involving trusts. Although there are many different types of trusts, the focus of this discussion will be on discretionary family business trusts with Canadian resident trustee(s) and beneficiaries.
Dec 22, 2015
To buy shares and assets? That is the question, when purchasing a business
A common issue for those considering the purchase of a new business is whether to also buy the companyâs shares or assets. The vendor is usually motivated to sell the shares because they can use their capital gains exemption on the capital gains of the shares.Â
Dec 21, 2015
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