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In the face of sending the United States over the much-publicized “fiscal cliff,” the US Senate hammered out a tentative deal before midnight on New Year’s Eve. What are these changes and how will they impact Canadian businesses in the U.S. or vice versa? Below are a few notable areas where you will see changes.
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Once your business has committed to conducting a foreign currency transaction, you are exposed to exchange risk. There is a potential gain or loss that may occur as a result of currency rate fluctuations. For entrepreneurs who are involved in international trade, currency volatility has always been a concern. One example is the strengthening of
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Congratulations on the successful implementation of an information system and establishment of an initial reporting structure. You can now receive financial information from your controller, sales forecast/results from your sales manager and productivity reports from your production manager not to mention dealing with customers and personnel issues. What can you do with the vast amount
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With gasoline prices at record highs with no apparent sign of relief in the near future, everyone who uses their car for work or business is experiencing the pain at the pump. It would help to ease some of the burden if one could deduct various vehicle expenses when completing one’s personal income tax return.
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