What South Dakota v. Wayfair Means for Canadian Companies

Are you a Canadian company selling goods to US customers? If so, the Wayfair decision might drastically alter your US Sales Tax Exposure. The clear implication of the Wayfair decision is that there will likely be a mass rush of states adopting new sales tax laws that will mirror the far lower threshold of “economic nexus” that has been implemented by South Dakota.

Recent Changes to the QST Registration Rules for Non-Resident Suppliers of Digital Supplies

What are the new Quebec Sales Tax (QST) Rules? On March 27, 2018, the Quebec budget introduced new Quebec Sales Tax (“QST”) rules expanding the threshold of QST registrant requirements with focus on non-resident suppliers in the e-commerce sector.  The budget addressed the lack of specific rules for online sale transactions which previously led to […]

Three Reasons You May Need a Business Valuation

What is a Business Valuation? An independent business valuation is based on a sound set of principles and approaches to estimate the worth or fair market value (FMV) of a business.  The three approaches to determine FMV are the asset approach, the income approach, and the market approach. No matter which approach or method is […]

Executor’s Checklist: Six Commonly Requested Items by CPAs

Being an executor for a deceased taxpayer can be overwhelming. At DMCL, we can guide you through the process of filing the necessary tax returns including the deceased taxpayer’s final tax return, and where necessary, a rights and things return, an estate tax return, and finally a compliance certificate. The following is a list of […]

2018 Federal Budget Insights

2018 Federal Budget Insights

The Federal Government’s 2018 Budget touts Canada’s strong economic growth over the past two years, including real GDP growth of 3.2 per cent since the second quarter of 2016, an unemployment rate of 5.9 per cent, and significant improvements in average weekly earnings, consumer confidence, and household consumption.

Community oriented Vancouver Accounting Jobs

Are You Ready For BC’s New Societies Act?

The new Societies Act became effective November 28, 2016. Not-for-profit organizations (NFPOs) formed under the old Society Act were given two years to transition to the new Societies Act. Effected BC NFPOs must transition to the new Societies Act and to a new online filing system called “Societies Online” by November 28, 2018.

Benefits of Cloud Accounting

Four Key Benefits of Moving to the Cloud

Keeping proper books has long been considered a challenge for business owners. Many struggle to do it themselves or they may hire someone to do it for them and lose touch with the financial health of their company.  At DMCL, our experienced Cloud Accounting group uses cloud-based software to work collaboratively with our clients to […]