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Seven Keys to Retaining Your Clients
This article could equally well be called "How to prevent your competitors from stealing your clients." It's not that these other lawyers lack ethics, values and courtesy. It's just that as practices diminish, revenues have to be obtained somewhere to support the firm and its employees. The bottom line is that others may have your clients in their crosshairs. So what are you supposed to do about this? Here are seven suggestions:
Apr 22, 2014
Are Law Firms Falling Behind in Diversity? How Can PR Help?
Recently, the American Lawyer magazine and other outlets published a few articles on the number of women, or lack thereof, that Am Law 200 firms have promoted to partner this year. Some of the firms named in those articles offered data to suggest that this year’s partner class was an anomaly. Others acknowledged that the number of women promoted this year is low but cited the various mentorship and sponsorship programs that their firms have to help ensure women are promoted to reach the requisite “years-of-service” commitment for partner consideration.
Apr 22, 2014
Five Reasons Why E-newsletters are Key to Law Firm Marketing Plans
Email newsletters – not everyone views them as an effective or necessary tool to include in a law firm marketing plan. However, email marketing is actually a proven tactic to help build business. Not only that, email messages are extremely cost-effective and provide a high return on investment. If your firm isn’t already sending a regular e-newsletter to clients and potential clients, here are five reasons why you should start.
Apr 22, 2014
Tech Central: Technology Continues to Impact Legal Practice
Recent moves by the IRS and the Canada Revenue Agency seeking to tax owners of the virtual currency Bitcoin have highlighted the difficulties of reconciling virtual assets with real world legal constructs. Now, bankers and estate professionals are awakening to the value such assets may have upon the “owner’s” death.
Apr 22, 2014
Tax advisory
New CRA Reporting Requirements for Internet Business Activities
For 2013 and subsequent taxation years, corporations will be required to disclose the income earned from any web pages or websites they administer. The percentage of the corporation’s gross revenue generated from the Internet must be reported on the recently released Schedule 88 for T2 Corporation Income Tax Returns.
Apr 14, 2014
Ontario Rural Summer Jobs Program
Administered by OMAFRA, this annual program allows eligible employers, upon successful application, to subsidize the hourly cost of summer student employment. The program provides a $2 per hour incentive to hire eligible employees.
Apr 11, 2014
Technical Bulletin - April 2014
This technical bulletin covers the various developments from January to March 2014. Collins Barrow regularly publishes Technical Bulletin for the general interest of its clients and friends to highlight the continually changing accounting and assurance standards, and the interpretations thereof, in Canada.
Apr 8, 2014
Tax advisory
Collins Barrow by the numbers
The Collins Barrow by the Numbers infographic provides an overview of the Collins Barrow network, our areas of expertise and our people. Whatever your unique circumstances, Collins Barrow professionals provide objectivity, actionable advice and customized solutions to maximize opportunities in every area of your business.
Apr 2, 2014
Income tax and HST implications of ceasing farm operations
Although changes in income tax legislation make tax planning for taxpayers increasingly challenging, tax legislation specific to farmers remains relatively unchanged and can be quite favourable. There are many cases where farmland has been transferred through generations and has not been farmed for many years.
Mar 21, 2014
Cross border and international Tax advisory
Reaching across borders
Introduced as part of the Patient Protection and Affordable Care Act in the U.S., the Net Investment Income Tax (NIIT) presents new challenges for all U.S. citizens living beyond America's borders.
Mar 21, 2014
Tax advisory
Ready to put it in Inc.?
For small businesses and professional practices such as dentist offices, incorporation often leads to substantial tax savings. Collins Barrow's latest infographic provides an overview.
Mar 7, 2014
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