WELCH TIMESTHE

FALL 2016

NEWS

EVENTS

CONTENT

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Canadian war museum

November 9, 2016Betting Against Cancer for

the Ottawa Regional Cancer Foundation

GRAND CASINO

TheWELCH LLP PRESENTS

Fall 2016 Newsletter 3

welchllp.com | An Independent Member of BKR International

WEBINAR LIBRARY

REPORTING ISSUES WITH IN-KIND CONTRIBUTIONS

We know that the nature of your not-for-profit organization means that you rely heavily on volunteers, donations, and sponsorships, but do you know all of the implications of those in-kind materials and services?

TWO SIDES OF THE COMPLIANCE AUDIT COIN

Our experts Christa Casey, Garth Steele, and Karen Dickson guide you through the issues that are on the government’s radar right now, factors leading to a successful contribution audit, a look into the perspective of financial statement auditors, as well as horror stories they’ve witnessed first hand.

WATCH NOW

WATCH NOW

UPCOMING WEBINAR:BOOKKEEPING 101

November 24, 2016

Our Welch Expert series continues with Managing Partner Micheal Burch, Bookkeep-ing Team Lead Alexandre Lalonde, Manager Marta Klakov and special guest Andrew Kent, co-founder of Dominion City Brewing!

www.thegrandcasino.ca 1 vimy place, ottawa ON

Canadian war museum

November 9, 2016Betting Against Cancer for

the Ottawa Regional Cancer Foundation

GRAND CASINO

TheWELCH LLP PRESENTS

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Fall 2016 Newsletter 4

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LATEST BLOGS

PERFECT YOUR PLANNING

WELCH LLP PARTNER DON SCOTT FEATURED IN THE GLOBE AND MAIL

FINDING THE RIGHT M&A ADVISOR

All entrepreneurs seem to start their journeys the same way: they have a great idea and they are resourceful enough to turn it into a busi-ness. Unfortunately, once the idea is off the ground, entrepreneurs often become too in-volved in the day to day processes to dedicate time to strategic planning...

There is no one out there who knows your company better than you but on the flip side, there is also no one who knows the mergers and acquisitions (M&A) transaction process better than a trusted M&A advisor. Here are some important criteria to keep in mind when choosing such an advisor...

TAXATION: FOR THE RECORD

5 TIPS TO CONSIDER BEFORE YOUR NEXT RECRUITING EVENT

Regardless of whether your business is a proprietorship, a partnership or an incorpo-rated company, the CRA requires the business to maintain financial books and records. Here we lay out a few of the CRA’s record-keeping requirements that you should know, to make your audit go as smoothly as possible...

Recruiting is an exciting time for accounting students and firms alike. You are not alone in feeling nervous or anxious with the pressure to make a good first impression in order to land a position. It is important to keep these top 5 career limiting moves into consideration before attending a networking event in order to maximize your chances of securing a place on the recruiter’s pursuit list...

Accountants are warning that the coming tax season could be a nightmare for the tens of thousands of public servants who were paid improperly as a result of problems with the federal government’s new Phoenix compensation system...

Fall 2016 Newsletter 5

welchllp.com | An Independent Member of BKR International

LATEST BLOGS

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PREPARING YOUR BUSINESS FOR SALE

IMPLEMENTING CONTROLS FOR YOUR NEW BUSINESS VENTURE

LINE 101 ON THE GST/HST RETURN

CONTINUATION OF THE PHASING OUT OF RECAPTURED INPUT TAX

CREDITS IN ONTARIO

IS NOW THE RIGHT TIME TO SELL MY BUSINESS?

THE ECONOMIC COST OF PROTECTIONISM

If you’re dreaming of that golden retire-ment, or simply hoping to rake in that

extra cash, we recommend you keep the following steps in mind to ensure that you get the most for your business..

Note for large businesses with taxable revenues over $10 million subject to the restricted input tax credit rules, a

reminder that on July 1, 2016 the amount of RITC add-back was further reduced...

It is imperative that owners carefully con-sider timing in order to maximize value when looking to sell their business. But

how does one determine whether or not it is the right time to cash out?

You have successfully closed that first round of funding and your company is

up and running. Now that there is money in the bank, it is management’s

responsibility to safeguard assets. This is where internal controls come into play...

Lots of questions arise as to what exactly is meant by Total Sales. Does that include

only sales on which GST/HST is col-lected? Should it include sales of goods

shipped outside of Canada where no GST/HST was collected?

The political atmosphere leading up to the election shows protectionist policies are gaining traction. It seems some West-ern economies may be restricting trade

across their borders which is at odds with the way the world is (was) moving...

For more great blogs, v is i t welchllp .com

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Fall 2016 Newsletter 6WELCH NEWS

JOIN US FOR AN EVENING OF MINGLING + GAMBLING IN

SUPPORT OF THE ORCF!

On November 9th from 6-10PM Welch LLP & The Welch Legacy Foundation present

The Grand Casino: Betting Against Cancer for the Ottawa Regional Cancer

Foundation at the Canadian War Museum! Get ready to dress to the nines for a fun, social evening filled with gambling, live

entertainment and light canapés.

The Grand Casino will raise funds to support the ORCF’s Back to Work

Program, which provides the education and support needed to transition back into the

workplace after undergoing cancer treatment. We hope to see you there!Canadian war museum

November 9, 2016Betting Against Cancer for

the Ottawa Regional Cancer Foundation

GRAND CASINO

TheWELCH LLP PRESENTS

GET YOUR TICKETS

WELCH LLP WELCOMES OUR NEW HIRES

Staff Accountants: Melissa Tran, Eric Schat,

Marika Hamalainen, and Zhan Zhou

WelchGroup Consulting: Cody Sorensen

WELCH LLP CONGRATULATES WELCH CUP NOMINEES

Winners of the Welch Cup nominations for June were Rachel Lauzon (Ottawa)

and Donnie Russett (Renfrew). Our August winner was Stef Reid (Ottawa).

Congratulations and thank you for your hard work and dedication to the firm!

WELCH LLP COMMENDS OUR NEWEST CPAs

Congratulations to Rosanne Sabourin (Ottawa), Rinkal Parekh, and Nick

Heersink (Belleville) for receiving their Chartered Professional Accountant

designation!

Fall 2016 Newsletter 7

welchllp.com | An Independent Member of BKR International

WELCH NEWS

WE’RE MOVING!

Welch LLP Toronto is expanding! Not to fear, we aren’t moving far - only a 30 sec elevator ride from our old location! Now

36 Toronto Street, Suite 1070.

GET TO KNOW OUR NEWEST TAX GROUP MEMBERS

OUR GREAT STUDENTS HELPING OUT AT THE OTTAWA MISSION

Our summer co-op students came together to help feed the hungry at The

Ottawa Mission.

Our Partners spent a few days in Toronto for the annual AGM, and got to attend

TIFF while they were there!

ANNUAL GENERAL MEETING

Our softball teams, the Expos and the Jays, ended this year’s season with a

friendly tournament!

WELCH SOFTBALL SEASON COMES TO AN END

Christa Casey and Candace Enman were proud to participate in the tournament

which supports Healthy Women Healthy Community, an initiative of the Ottawa

Hospital Foundation.

WELCH LLP ATTENDSTHE WOMEN’S BUSINESS

NETWORK GOLF TOURNAMENT

ST. PATRICK’S HOME OF OTTAWA FOUNDATION BBQ SIZZLE

WELCH ENJOYS ANNUAL SUMMER PICNIC AT THE LOGUE FAMILY COTTAGE

MICHEAL BURCH, KATHY STEFFAN & BRUCE RAGANOLD

MEET DONOVAN BAILEY

Welch had a blast meeting Donovan Bailey at the Golden Luncheon held at

The National Club in Toronto!

welchllp.com | An Independent Member of BKR International

Fall 2016 Newsletter 8CLIENTS IN THE NEWS

STARTUP FOUNDERS SEE BRIGHT FUTURE FOR BIONIC EYE

CELEBRATING 15 YEARS OF INGENIUM COMMUNICATIONS

LUNCH TO SERVE INNOVATION CENTRE

CANADIAN WATER BRAND PAIRS WITH BLUE JAYS PLAYER ON

NEW ADVERTS

MALMBERG TRUCK TRAILER EQUIPMENT LTD

OF TOP-PERFORMING DISTRIBUTORS 2016

‘CULTURALLY RICH’ OTTAWA THE RIGHT SPOT FOR ANDAZ’S

CANADIAN DEBUT

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