Internal Reorganizations

We can help with your accounting needs.
How Can We Help You?

  • This field is for validation purposes and should be left unchanged.

Internal Reorganizations

Corporations require internal reorganizations for a variety of reasons from growth to insolvency. The professional accountants of Hogg, Shain & Scheck will assist you with the financial issues and tax implications of this complicated process, assuring that you have the information you need to make informed decisions about the best structure for your organization.

Corporate Reorganization

Internal reorganizations are initiated for a variety of reasons including the addition or loss of a shareholder, change in ownership structure, expanded or reduced business activities, or the creation or elimination of a holding company or trust. Our team of corporate and financial experts understands the tax implications of the choices you face and can identify the business structure that will improve efficiencies, increase profitability, and reduce tax liabilities.

To help select the best structure for your business we will:

  • Review the goals of restructure process
  • Assess the current corporate structure to identify strengths and weaknesses
  • Analyze budgets and other financial information
  • Review corporate short and long term goals
  • Identify opportunities for efficiencies in management and production or service deliveries
  • Assess the tax implications of various corporate structures

Upon completion of this process we will recommend one or more corporate restructure options and provide a detailed explanation of the benefits of these choices. Once you have selected the corporate structure which best meets your needs and goals our team can assist you with many aspects of reorganization including:

  • Establishing corporate accounting and budgeting systems to help monitor all facets of the business
  • Developing a tax structure to reduce liability
  • Restructuring of employee compensation and retirement programs
  • Creating a plan of succession

An internal restructuring is a beneficial but complicated process. Let our experts become a part of your team, assuring that these changes benefit you, your employees, and your clients.

Insolvency

If your corporation is struggling financially there are many complex issues which must be addressed both individually and as a part of the broader goal. Our business and tax experts will guide you through these challenging times, assuring that you will receive the best solutions.

Within the insolvency support process we:

  • Assist with debt restructuring to protect viable ongoing business activities
  • Analyze the benefits of alternate corporate structures to preserve corporate viability and reduce tax liabilities
  • Perform viability analyses on behalf of financial institutions or creditors
  • Perform a security analysis to review and assess the assets held as security for outstanding loans on a “going-concern and liquidation” basis

Let our team put their expertise and creativity to work, helping you achieve the best outcomes for you and your business.

What our clients are saying

The latest from our Blog, News, and Events

  • CPA Not-for-Profit Forum 2019 is Around the Corner

    February 4, 2019 by

    CPA Canada is hosting the the Not-for-Profit Forum 2019, on February 6-7th.  One of the leading events for Not-for-Profit professionals in Canada, the forum is designed to drive the sector forward and help Not-for-Profit organizations adopt to the changing environment. Experienced industry professionals will raise current NPO sector issues and share their valuable advice and strategies.
    Read More


  • 2019 Automobile Deduction KLimits and Expense Benefit Rates for Business

    January 23, 2019 by

    •On December 27, 2018, the Department of Finance Canada announced the income tax deduction limits and expense benefit rates that will apply in 2019 when using an automobile for business purposes. The following two changes are effective January 1, 2019; •The tax-exempt allowance paid by employers to employees who use their personal vehicle for business
    Read More


  • 2019 Canada Pension Plan (“CPP”) Contribution Rates

    January 23, 2019 by

    The CPP contribution rates and maximums for 2019 are as follows: Maximum Pensionable Earnings $ 57,400.00 Annual Basic Exemption $ 3,500.00 Maximum Contributory Earnings $ 53,900.00 Contribution Rate 5.10 % (Employee and Employer) Maximum Employee Contribution $ 2,748.90 Maximum Employer Contribution $ 2,748.90 The Canada Revenue Agency (“CRA”) will gradually increase the contribution rates to
    Read More


  • Living on the Fringe

    January 18, 2019 by

    On January 14th, 2019, Hogg, Shain and Scheck attended Foreign Tongue, a Next Stage Theatre Festival performance presented by The Toronto Fringe, at The Factory Theatre. Both The Toronto Fringe Festival and The Factory Theatre are Not-for-Profit clients of the firm. Foreign Tongue is a new musical by a Toronto-based, Yugoslavia-born writer, Lola Xenos, that
    Read More