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Case Study on Higher Education-Internal Control Implementation
A government funded career college operates over 300 courses leading to undergraduate, graduate, post graduate degrees and continuing education courses. Domestic and international student enrolment at the college exceed 25,000. Annual revenues exceed $400 million,...
Case Study on E-commerce Business
GX Inc. operates an online retail business through Amazon and Shopify. The CEO has a background in science and operates in a niche market in the healthcare industry. In a span of about four months, GX Inc. had increased revenues from $2,000 per month to $8,000 per...
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Benefits of Incorporating a Business
There are many benefits of incorporating your business and the most important ones include asset protection through limited liability, corporate identity creation, perpetual life of the company, transferability of ownership, an ability to build credit and raise...
Tax Benefits for Sole Proprietors
While self-employment provides autonomy in your life, there are certain tax benefits that come from operating a business. As a business owner, you are eligible to deduct certain expenses incurred for the purpose of earning income. Working from home: Home-office...
Year-end tax planning-US
If you live in the US, here are a few things to consider before December 31st. Certain expenses such as professional membership fees, tuition fees, investment expenses, political contributions, and charitable donations may be payable in January. Consider paying them...
Financial Literacy Month at WISE Trust
We presented a financial literacy session on "Effective Tax Strategies" at WISE Trust. The session was attended by over 100 participants. Key discussion points included income splitting, investments, RRSP and TFSA, and strategies to maximize deductions and credits....