Siobhan Koumparos CPA, CA

Attention Experienced Controllers! 📢 As a fractional CFO listening to feedback from my colleagues, there's a clear demand for top-tier CPA talent north of the bustling city of Toronto. Are you an experienced Controller seeking new opportunities or open to expanding your network for future career advancements? I've noticed a consistent need for high-caliber candidates in this region, and when I look into my network for potential connections, I have noticed that I am either top heavy with very senior finance leaders or bottom heavy with newly minted CPAs... with few in between. I'm on a mission to bridge the gap! Your expertise could be precisely what my clients are seeking in their next financial leader. Let's connect! #ControllerOpportunities #CPAJobs #NorthofToronto

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Do you have knowledge of Canadian accounting standards and their application for private enterprises and/or not-for-profit organizations? Or do you regularly review or use their statements to make decisions about Canadian private enterprises or not-for-profit organizations? If the answer is yes to either of these questions, consider volunteering to help shape Canadian accounting standards. https://lnkd.in/gWqdTbKG

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In the realm of business finance, effective cash flow management is paramount for the sustainability and operational efficiency of a company.

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Productivity Meetings My friend and colleague Sharai Lavoie spoke on a panel at Digital CPA conference recently. She spoke about a topic that is engrained in our culture that we think nothing of it: -        Productivity Meetings As a team, we regularly meet to discuss items that are slowing the team, such as: -        Frustrating tasks -        Tasks that involve Excel -        Items that take more than 3 hours to complete -        Tasks that team members think should be automated From these discussions, we find all sorts of items for that ripe for automation: -        Connecting payroll data into the Sage Intacct -        Pulling down bank statements using LedgerSync LLC -        Using APIs to connect Ramp credit cards to accounting -        Using PowerAutomate to write macros to standardize data -        Creating journal entry posting reports to monitor efficiency … and the list goes on. We are proud of our team’s efforts to strive for efficiency and continuous improvement. As leaders, Sharai and I know it’s important to solicitate input and train the team to think and act optimally. Now, this cycle of continuous improvement is so embedded in what we do that we hardly even think about it. How do you improve your productivity – personally or professionally?

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Attention ICAN Members! Relocating to Canada? Here’s What You Need to Know About CPA If you're an ICAN-certified accountant planning to move to Canada, it’s important to know that your ICAN certification alone won’t be enough. To work as a professional accountant in Canada, you’ll still need to obtain the CPA (Chartered Professional Accountant) designation. But here’s the good news: Between ICAN and CPA Canada, you may be eligible for exemptions! This means you might not have to start from scratch—after an assessment, you could skip certain courses and exams. However, there will still be steps to complete in order to align with Canadian standards. So, while it's not an entirely new start, you’ll still need to plan for this transition. The earlier you begin, the smoother your relocation journey! 🌍✨ Let me help you navigate this process. Follow us for more tips on relocating as a professional! What would you like to learn more about? #ICANtoCPA #CanadaBound #ProfessionalRelocation #AccountingCareers #iReferNG #CPAJourney #CareerGrowth #ExemptionsExplained

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Register for our upcoming Canadian Financial Reporting Developments session - link below!

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Happy May 2nd & end of the 2024 personal tax season & March 31 quarter end!. Now it is time to get back to PD courses with GTAAFN. Check out upcoming sessions: May 8 - ESG risk mitigation & impact opportunities with Wendy Kaufmann; May 9 - decisional capacity with Areta Lloyd; May 10 - cultivating genuine self-confidence with Monica Bhardwaj; May 14 - corporate tax return preparation tips & traps with Kenneth Keung & Matthew McCombe; May 15 - ten legal pitfalls in the sale of privately owned companies; May 16 - federal budget update with Michael Ding; May 23 - case studies in valuations & a practical approach to valuation engagements with Melanie Russell; May 24 - overcoming perfectionism with Monica Bhardwaj; May 28 - five rules for writing clearly with Ryan Standil; & May 30 - how to experience work-life balance with Monica Bhardwaj. To check out upcoming courses in May & beyond, & to register: https://lnkd.in/gMw6sRx9 #PDseminars #AretaLloyd #wendykaufmann #RyanStandil #KennethKeung #MatthewMcCombe #MelanieRussell #MichaelDing #federalbudget #corporatetaxreturnpreparation #valuations #writingclearly #ESG #decisionalcapacity #sellingprivatecompanies #perfectionism #worklifebalance

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Your estate, trust and succession plans are a testament to your life’s work, and we’re ready to help craft them. KPMG's growing law practice in Western Canada knows the importance of your family legacy. In fact, they take it personally. No two families are alike, and the complexities of planning--from administration and legal trust structures to estate litigation and succession planning--mean no two plans are alike either. Our team of lawyers knows that your family's legacy is not just uniquely complex, it’s personal. Learn more:

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Your estate, trust and succession plans are a testament to your life’s work, and we’re ready to help craft them. KPMG's growing law practice in Western Canada knows the importance of your family legacy. In fact, they take it personally. No two families are alike, and the complexities of planning--from administration and legal trust structures to estate litigation and succession planning--mean no two plans are alike either. Our team of lawyers knows that your family's legacy is not just uniquely complex, it’s personal. Learn more: https://bit.ly/KPMG_LAW

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With the revised bare-trust reporting rules set to take effect in 2025, it's crucial to understand how these latest changes will impact individuals and families. In this Globe and Mail column by Rob Carrick, Pam Prior, KPMG in Canada’s national leader in estates and trusts for tax and family office, breaks down the government's changes and explains why many more individuals will be exempt from bare trust reporting to the CRA. Read the full article here: https://lnkd.in/gaYuXgKj

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On November 26, we’re diving deep into the latest financial reporting updates for the #Metals and #Mining sector. This session will cover regulatory updates and industry trends impacting the reporting standards. Register here: https://ow.ly/eu5930sHCBa #EYCanada

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💥💥Join us on Thu Jun 20 2024 at 10:00 AM for an exciting event at Dharna CPA- Accounting and Tax services in Mississauga. Get ready to unlock the secrets of managing your cash flow like a pro! During this in-person event, you'll learn valuable tips and tricks to optimize your finances and make your money work for you. Whether you're a business owner or just looking to improve your personal finances, this event is perfect for anyone wanting to master the art of cash flow management Come prepared to network with like-minded individuals, ask questions, and gain valuable insights from our expert speakers. Don't miss out on this opportunity to level up your financial skills! You’ll learn: 💰Why most businesses fail. 💰The difference between a business that’s a machine vs a business that’s a job that you happen to own. 💰The three sources of money for every business. 💰How to get back control (of time and money) from your business. 💰Why most business owners make less than $100k in income. 💰The 16 drivers that drive revenue, profit and cash flow in every business (that you need to watch like a hawk) 💰How to balance your business and personal cash flow https://lnkd.in/g-PhHhNN to Cash Flow Wizardry!

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ASPE - Accounting for Financial Instruments In case you missed it, CPA Canada posted an update to "Chapter 45 - Financial Instruments" in August this year by issuing an addendum to the original publication. In addition, to the summary of updates, the Addendum, provides some useful guidance how to document your application of professional judgment on the disclosure related to financial risks! Take a look at the primary document, and the addendum. https://lnkd.in/gRmpWBE6

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As most of you are likely aware the Federal government has implemented a GST/HST exemption for certain items (applies Dec 14th, 2024 to Feb 15th, 2025). For food and beverage I have listed the items below. One of the main ones is for restaurants - they will have to exempt all items except for alcoholic beverages > 7%. This will be a challenge for a lot of businesses at this time of the year. Please reach out with any questions. Food or beverages: items for human consumption that are: Alcoholic beverages (excluding spirits but including wine, beer, ciders, and spirit coolers up to 7 per cent ABV); Carbonated beverages, non-carbonated fruit juice or fruit flavoured beverages or products that, when added to water, produce one of these beverages; Candies; confectionery classed as candy or goods sold as candies (e.g., candy floss, chewing gum, and chocolate); fruits, seeds, nuts or popcorn coated or treated with candy, chocolate, honey, molasses, sugar, syrup, or artificial sweeteners; Chips, crisps, puffs, curls, or sticks (e.g., potato chips, corn chips, cheese puffs, potato sticks, bacon crisps, and cheese curls), popcorn, brittle pretzels, and salted nuts or seeds; Granola products and snack mixtures that contain cereals, nuts, seeds, dried fruit, or other edible products; Ice lollies, juice bars, ice waters, ice cream, ice milk, sherbet, frozen yoghurt or frozen pudding, including non-dairy substitutes; Fruit bars, rolls or drops or similar fruit-based snack foods; Cakes, muffins, pies, pastries, tarts, cookies, doughnuts, brownies, croissants with sweetened filling or coating (note that many bread products, such as bagels, English muffins, croissants, and bread rolls, are already zero-rated); Pudding, including flavoured gelatine, mousse, flavoured whipped dessert product, or any other products similar to pudding; Prepared salads, sandwiches, platters of cheese, cold cuts, fruit or vegetables, and other arrangements of prepared food; Food or beverages heated for consumption; Beverages dispensed at the place where they are sold; Food or beverages sold in conjunction with catering services; Food or beverages sold at an establishment where all or substantially all of the food or beverages sold are currently excluded from zero-rating (e.g., a restaurant, coffee shop, take-out outlet, pub, mobile canteen, lunch counter, or concession stand); and Bottled water or unbottled water that is dispensed at a permanent establishment of the supplier.

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KPMG Canada's 2024-2025 edition of Tax Facts is now available. Gain access to the latest tax figures and information, including the proposed increase to the capital gain inclusion rate: https://lnkd.in/gfJGdc_H

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The crypto landscape is evolving rapidly. Explore the latest trends and projections for 2024 in KPMG in Canada's insightful report on cryptoasset adoption.

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2025, What Happens Next?  1. Determine your goals. 2. Assess your current skills, strengths, and values.  3. Explore a new #Tax career at Doane Grant Thornton LLP 4. Take Action…Let’s connect about your career journey with us!  5. #Discoveryourpurple   

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