Running your own healthcare practice involves making many crucial decisions, including selecting the right accounting firm. An experienced accounting firm will give you the support and 1:1 attention you need, realizing that no two business owners and no two medical practices are the same. Today we’re going to examine the top 10 questions you ...
In a recent case, the US Court of Appeals has upheld a significant penalty against the owner and beneficiary of a foreign trust distribution who did not file timely returns. The failure to file US trust returns for foreign trusts can result in penalties beginning at $10,000 per omission and reaching as high as: ...
Family business is the backbone of the Canadian economy. When a family business is passed down to the next generation, we see so many positive ripple effects in the economy: A new entrepreneur is given the opportunity to succeed New jobs are created Industry advancements are made Loyal customers maintain a trusted partner Communities ...
Looking back at initial predictions for the Canadian real estate market at the beginning of the COVID crisis, you might think you were reading a dystopian nightmare. All logic pointed to a crash, not unlike what certain markets saw in the wake of the 2008 recession. With unemployment rising, it was reasonable to assume ...
Have you been tuning in to the Zeifmans’ Non-Resident Digital Event Series? So far, we’ve discussed the niche challenges experienced by high net worth individuals, as well as tips and tricks for tech and startups seeking entry into the Canadian market. Today, we’re excited to share the latest installment in the series: Cross-border concerns. ...
Our Non-Resident Digital Event Series continues, with our second installment, “High Net Worth Edition: Legacy, Preservation, and Optimization”, serving up more wisdom from three new industry experts. Continuing our earlier series of online interviews, followed by a live webinar with one our Nexia International affiliate firms, Zeifmans team members have engaged in value-packed conversations ...
When a person passes away, there are several important duties to be performed in order to fully carry out their financial wishes. Simply having a will isn’t enough to make sure that an estate is divided according to an accurate depiction of the deceased’s instructions. An executor must carry out a number of responsibilities ...
2020 has been an interesting year for real estate to say the least. Different markets have responded to the pandemic in a variety of ways, some spiking and some dipping. There is positive news on the horizon though with the introduction of Bill 145. In short, the bill amends the Real Estate and Business ...
On September 23, Her Excellency the Right Honourable Julie Payette, Canada’s Governor General, gave the 2020 Throne Speech to open the second session of the 43rd Parliament. The speech sets the agenda for the upcoming session, outlining the government’s goals and direction. Not surprisingly, the COVID-19 pandemic took centre stage, with the Liberals outlining ...
One of the most valuable qualities that family businesses share is intimacy – that is why family and corporate governance is so important. Not only do the team members know each other- they care about each other. They know the life story, the setbacks, the triumphs and the heartbreaks. It’s this solid connection that ...