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Developing Conflict Resolution Guidelines Creating Formal Procedures for Family Businesses

01/01/2025
In family businesses, personal relationships often amplify conflicts, making formal conflict resolution guideline or policies essential.  These guidelines separate personal from business issues, providing clear guidelines for managing disputes and preventing long-term damage.  Given the unique dynamics of family enterprises, conflicts can easily become personal. ...
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Newsletter - February 2025

Nationwide Injunction Halts Corporate Transparency Act: What It Means for Your Business

12/05/2024
Corporate Transparency Act (CTA) On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction, temporarily suspending the enforcement of the Corporate Transparency Act (CTA). The decision in Texas Top Cop Shop, Inc. v. Garland pauses the requirement for ...
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Accounting Support for Your Business

11/25/2024
Tailored Accounting Services to Support Your Business Bookkeeping and accounting records are essential to a business.  When your accounting processes are going well, the financial information is accurate, up-to-date and helps you make informed business and tax planning decisions.  If, however, bookkeeping tasks take a ...
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Succession Planning in Family Enterprises Strategies, Best Practices, and Challenges in Passing Leadership Roles to the Next Generation

11/19/2024
Succession planning is a crucial process for family enterprises aiming to ensure continuity and preserve the long-term sustainability of the business.  Transitioning leadership to the next generation is not just about passing the baton; it involves careful planning, strategic decision-making, and overcoming unique challenges that ...
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Role of External Advisors in Succession Planning: The Benefits of Involving External Advisors in the Succession Planning Process

11/06/2024
Succession planning is essential for the continuity and longevity of multi-generational family businesses. The intricate dynamics of family relationships, coupled with the complexities of business management, necessitate the involvement of external advisors.  These advisors, including consultants, mentors, boards, lawyers, and accountants, bring expertise and an ...
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Newsletter - February 2025

New Reporting Requirements Under the Corporate Transparency Act (CTA)

11/05/2024
Corporate Transparency Act (CTA) As of January 1, 2024, the Corporate Transparency Act (CTA), part of the National Defense Authorization Act, has introduced new reporting requirements for certain entities, primarily small and medium-sized businesses. These entities must now report beneficial ownership information to the Financial ...
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The member firms of Andersen in Canada focus on Canadian, international and Canada-U.S. cross-border tax matters. With offices across Canada, our tax professionals work with a broad range of businesses and individual clients to develop innovative tax solutions for a diverse range of issues. Our senior leaders and many of our professional staff have extensive experience in Canadian, international, U.S. and cross-border tax matters with major international accounting firms, as well as practical experience working with businesses and individuals.

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