Damien St. Amant - New Associate Partner - McCay Duff LLP

McCay Duff Announces New Associate Partner

Ottawa, On – McCay Duff LLP is pleased to announce that Damien St. Amant, CPA, CA, CFE, has joined the Firm as an Associate Partner effective January 3, 2020. Mr. St. Amant brings a diverse background in public accounting and finance to our team and will assist the Firm in servicing its growing base of clients and significantly enhancing its service offering in the financial services and technology sectors. Damien began his career with a mid-sized public …

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Contracting services via a corporation - CRA impact

Do you provide contracting services via a corporation? Do you understand the personal services business rules?

In recent years there has been a trend for businesses to hire contractors to fulfill long-term positions rather than offering permanent employment. Individual contractors who provide their services through a corporation need to understand the risk that the Canada Revenue Agency (CRA) may assess their corporation to be a personal service business (PSB), especially if they are providing services to just one client. What is a PSB? In its simplest terms, a PSB exists where …

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Business Matters - December 2019 - Taxation of Stock Options

Business Matters – December 2019

Running your business has many facets including managing the workplace, taxation, planning for your future and dealing with technology. Each area has its own challenges so we’ve included a few tips to help you navigate these issues. Continue reading to learn more on the topics below: Taxation – Taxation of Stock Options; Digital Management – Do You Have a Spare Million? What You Need to Know About Canada’s Anti-Spam Laws; Management – Disaster Recovery Planning: …

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Understanding your financial statements

Every Small Company’s Owner Should Understand Their Financial Statements

Do you review your company’s financial statements regularly? Do you understand what they tell you about your business? If not, you are not alone. Many business owners are focused on starting, growing, or maintaining their businesses. As a result, they do not take the time to understand their financial statements and the vital information they provide about their business. When used effectively, your financial statements are a tool that will help you plan better, address …

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Avoid the tax trap of starting a new business

Starting a New Business? Avoid the Tax Trap!

What an amazing time in life! You have a fabulous business idea, you have the skill to pull it off, and you are going for it! Your family and friends are all behind you and you are ready to start. Off you go… Things start really well, you gain momentum as word of your product or service reaches beyond your personal circle. You begin to focus on delivering to your customers and you are doing …

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