Archives des Accounting | Amyot Gelinas

Understanding the challenges of accounting in Quebec

Accounting is at the heart of a company’s financial management. It provides a clear picture of the company’s economic situation and ensures compliance with legal and tax obligations. However, a number of challenges need to be met to guarantee the reliability and transparency of accounting information. Good accounting management does more than simply record transactions; […]

Protect your assets against the risk of misappropriation

In a fragile economic climate, every company and individual is faced with increased financial challenges and concerns. Preventing asset misappropriation becomes more important than ever. Asset misappropriation, whether internal fraud, asset theft or financial manipulation, can have disastrous repercussions on an organization’s financial health and reputation. Unfortunately, no matter how many safeguards and processes you […]

Vacations are also an accounting issue

In the course of our certification mandates, we have seen a significant increase in the number of unused banked vacation hours over the past year. This increase can be explained in part by the labour shortage issue that is being felt in several fields. Staff shortages can make it more difficult for some employees to […]

How to prepare your year-end dossier

We are aware that the year-end process brings you additional tasks so that your professionals can carry out their mandate properly [1], in connection with your financial statements and the preparation of tax returns. Here are a few tips and tricks to help you avoid work overload during this period and limit the questions our […]

The importance of controls – Digital risks

The importance of implementing controls in the face of digital risks is paramount. Cyber-attacks and economic crimes don’t just happen to other people… they’re increasingly present and frequent. In 2022, according to the Canadian Anti-Fraud Centre’s annual report, reported financial losses amounted to $530.4 million, compared with $383 million in 2021[1]. The question is no […]

Let your figures do the talking!

As a business owner, you know your legal obligations. You file an income tax return once a year. Your tax returns are filed as required (monthly, quarterly or annually). You also pay government remittances, comply with labor standards, and so on. Financial information for business owners Among these is the tax return, which coincides with […]

CUEC – Emergency loan repayment for Canadian companies

IMPORTANT REMINDER: Emergency loan repayment for Canadian businesses (CUEC loan) Companies with a Canadian government CUEC loan of $40,000 or $60,000 have until January 18, 2024 to repay an amount of $30,000 or $40,000 and benefit from a rebate (subsidy) of $10,000 for a $40,000 loan or $20,000 for a $60,000 loan granted by the […]

The Canadian Digital Adoption Program (CDAP)

The Government of Canada, through Innovation, Science and Economic Development Canada, has set up the CANP to help entrepreneurs who want to grow their business by moving into the digital age. The program has two components: the Expand Your Business Online grant and the Enhance Your Company’s Technology grant. These grants range from $2,400 to […]

Artificial intelligence in your accounting

The accounting department, financial controller or bookkeeper of small and medium-sized businesses will soon be able to benefit from advances initiated in the field of artificial intelligence (AI). Routine, repetitive tasks Routine, repetitive tasks could soon be carried out by AI following programming of the required data processing specifications. In this way, data entry errors […]