Are You Missing Out on Canada’s SR&ED Tax Credit Program?
“We aren’t changing the world so I didn’t think we would qualify for any R&D tax credits.” This comment was made to me by a new client about 10 years ago. At the same time, their corporate website...
View ArticleWork-Life Balance
Business has been tough over the last couple of years – specifically for businesses with a significant number of employees. Companies are not replacing the attrition they experience as quickly as they...
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The Future of Pharmacies
Today I want to address the question “Is there life after professional allowances?” As an accountant and financial advisor, I have analyzed many financial statements. I used ratios and benchmarks to...
View ArticleBack to School Financial Review
A couple of weeks ago someone posted a photograph online of a sign outside their local school. The sign read: “School starts September 3. Resistance is futile.” It made me laugh but at the same it...
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Our Halloween List of Ghastly Accounting Mistakes
Fortune magazine named one legendary business “Americas Most Innovative Company” six years in a row prior to its shareholders losing $74 billion as a result of its accountants keeping huge debts off...
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New Year’s Resolutions
Earlier this year, during my annual physical check up, I was making “small talk” with my doctor. I asked him if he had any New Year’s resolutions. Much to my surprise, he said he was really going to...
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Ontario Pharmacy Research Collaboration (OPEN)
Prelude to Innovation or government “two step” delay tactic On May 31, 2013, the government of Ontario announced a $5.7 million three year study awarded to the University of Waterloo and McMaster...
View ArticleIs Your Automotive Dealership Headed for a Dead End After You Retire?
Part I: Why Your Automotive Dealership May Be Making a Wrong Turn (In Part I of our two-part series, we explore the reasons why many automotive dealerships hit a dead end when the business owner...
View ArticleWhy a Drug Adherence Program Must be a Priority for Your Pharmacy
Life after Professional Allowances: The Future of Pharmacies Have the new professional allowance regulations left your pharmacy’s top and bottom lines feeling sick? If so, you are not alone....
View ArticleWhat’s My Pharmacy Worth?
A Common Question as Owners Look Toward Retirement As a Chartered Accountant and business advisor to pharmacies, I hear this question all the time. And for good reason! Pharmacy owners / managers...
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