We can help with your accounting needs.
How Can We Help You?
Your ideas, your unique products and service models will set you apart as an entrepreneur. One great idea can transform an industry, and it can set you up for an exceptionally prosperous future. However, if you do not take the proper precautions, you may sacrifice your earning potential and miss out on a career that
Read More
The current commercial real estate market in Ontario is seeing a number of commercial properties available for rent. When there are more rental spaces than there are renters, a landlord will typically attract tenants by offering leasehold inducements. While leasehold inducements can be beneficial for both tenant and landlord, the tenant often stands to reap
Read More
A phantom stock option is a bonus tax treatment plan where the amount of the bonus is determined by reference to the increase in value of the shares subject to the option. Shares are not actually issued or transferred to the option- holder when an option is exercised, but rather the right to receive an award based
Read More
U.S. (and other foreign) dividends do not qualify for the Canadian dividend tax credit. Therefore, these foreign dividends are taxed at your marginal tax rate, similar to interest income. In order to avoid double taxation, you can claim the 15% U.S. tax withheld as a foreign tax credit. If more than 15% U.S. tax was
Read More
Chris Munn, a partner at Hogg, Shain & Scheck, was elected as the President of the Uxbridge Cottage Hospital Foundation and representative for the Foundation on the Markham Stouffville Hospital Board of Directors on June 10 at their annual general meeting. This foundation was founded in 1990 to provide supplementary revenue to the Markham Stouffville Hospital
Read More
Most businesses we serve at HSS are entrepreneurial, all want to grow, and all have processes in their organization. However, you cannot grow and achieve vision by just looking at products and services- you need to consider process, too. But how do we go about this? Customers want us to be fast, but they do
Read More
At the beginning of June we were fortunate to have CEO John Wilson of CEO Global Networks join us for our Managing for Growth Seminar. John has coached hundreds of high-profile CEOs and entrepreneurs. He believes Great CEOs are not born- they are made. There are 7 “big factors” that determine whether or not they
Read More
All of us at Hogg, Shain & Scheck want to thank you for choosing us to be the recipient of the Consumer Choice Award for Business Excellence; GTA Accountant- Small Business 2015! We are very honoured to be recognized by you for our business excellence. The Consumer Choice Awards were established in 1987 to recognize
Read More
I started working at Hogg, Shain & Scheck at the beginning of September 2014. The first few weeks were relatively straightforward. The firm made it pertinent that I developed the technical aspects of using the different types of software. The HSS team wanted me to understand that real world scenarios were not covered in much
Read More
Hogg, Shain & Scheck Awarded with Outstanding Accounting Firm – Canada As 2015’s tax season comes to an end, accounting firm Hogg, Shain & Scheck Professional Corporation has been selected as “Outstanding Accounting Firm – Canada” by Corporate LiveWire for their 2015 M&A Awards(Mergers and Acquisitions). Aside from satisfied clients sending in thank you notes
Read More
Federal Budget Commentary – April 21, 2015 In order to offer targeted tax reductions for small businesses, seniors, and families with children; to increase spending for the military, public and national security, public transit, and for the Canada Revenue Agency (CRA) to address tax avoidance and evasion; and to eke out a $1.4 billion surplus
Read More
Preparing a business plan can often feel like an intimidating task but it is crucial for anyone who wants to operate their own business. The accounting experts at Hogg, Shain & Scheck have put together a checklist of the most important things that belong in every business plan. This comprehensive list covers all aspects of
Read More
Notifications