Posts By: Kelly Bird

SaaS entrepreneurs face unique accounting and tax challenges

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It’s been estimated that by 2020, 73%[1] of organizations will have transitioned at least 80% of their apps to SaaS solutions. In 2018, Gartner predicted a 23% spike in SaaS sales that would total a whopping $72 billion. Where in years past, experts debated about the eventual success of cloud-based solutions, we can easily say ….

How interest rate swapping can save you money

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At Zeifmans, we’ve spent decades working closely with small business owners as they set goals for the future, create strategies to achieve them, and develop the infrastructure to maintain that wealth over the long-term. We pride ourselves on being innovative, continually striving to think outside the box and deliver solutions that give our clients the ….

Zeifmans: A one-stop accounting firm

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At Zeifmans, we understand that you and your business are unique. That’s why we are  focused on being a one-stop accounting firm, providing actionable, results-oriented guidance within a 1:1 relationship, crafting expert business solutions based on your goals and objectives. This is our accounting and consulting firm: Connect with Zeifmans today at 416.256.4000 or e-mail ….

Taxation of cannabis businesses in the US: the do’s and don’ts

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While a number of US states have legalized marijuana and cannabis based products for medical and/or recreational use, the US federal tax rules take a harsh perspective on the deductibility of certain expenses associated with the cannabis businesses. A number of cases ruled on in late 2018 have provided additional guidance.  We will discuss a ….

New cannabis products to create further opportunity in Canadian market

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Come October of this year, the Canadian recreational cannabis market can expect a flood of new products. And while the Canadian government has only released draft guidelines as of yet, it’s already clear that licensed producers will need to comply with a number of regulations when creating, packaging, and marketing their products. The edibles market ….

Top 3 challenges facing today’s tech entrepreneur

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If you’re a tech entrepreneur, you’re well aware of the “sink or swim” environment within which your company operates. The fact is that only 3% of startups make it into their 5th year[1], which translates into an important truth: the decisions you make during the first few years of your business have an enormous impact ….

How your business could immediately benefit from the SR&ED credit

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It’s a struggle most small businesses know all too well. You’ve experienced some success, but there’s another goal on the horizon that you want to stretch to meet. To reach that next level, you’ll need to refine your processes, polish your offering, and set your company up to deliver on a bigger stage. Even if ….

5 big reasons to review your financial plan annually

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Creating an effective financial plan takes thought and careful preparation. Once your plan is complete, and the steps towards your goals are set in motion, it’s tempting to check the proverbial box of financial planning off your list and move on. But the truth is that the most impactful financial plans are those that are ….