As an entrepreneur, your goal is to build a business that will grow for years to come. Review our presenters' slides with notes to show you how you can increase the value of your business, retain employees and evaluate growth options to achieve maximum success. Also learn about increasing the value of your business, leasing, franchising, and purchase & sale agreements.
To view our video coverage of the event, visit: http://www.welchllp.com/resource-centre/videos/events/
This matrix describes the 10 most common types of time-vested equity compensation instruments and 9 key issues (primary use, typical plan sponsor and recipient, main features, key accounting, legal, tax, communication and administration issues.) The original version of this matrix has been downloaded more than 5,000 times and is considered an indispensable tool at the desks of many CEOs, CFOs, Compensation professionals and Stock administrators.
This is a one page reference tool providing an overview of the types of performance-based equity, the companies and individuals who use it and the issues (tax, accounting, legal, administration etc.) involved with these plans.
Everything about Performance Equity Compensation (or as much as fits into an ...PERFORMENSATION
The use of performance-based equity is on the rise. This presentation discusses how to select metrics, set goals,and design a plan. It also covers communication, accounting and administrative concerns.
Presented to BACA (Bay Area Compensation Association 10/21/2010)
Rob Jones, managing director of Peloton Partners, shares emerging pricing trends in the industry based on data from 70 advised firms across Australia, and strategies for advice practices to extract latent value out of their business.
Netwealth portfolio construction series - Hybrids: opportunities, challenges ...netwealthInvest
Chris Joye, Co-CIO at Coolabah Capital Institutional Investments and contributing editor with the Australian Financial Review, provides an update on the current hybrids market and the opportunities available for Australian investors looking to access the unique risk and return features of this asset class.
This matrix describes the 10 most common types of time-vested equity compensation instruments and 9 key issues (primary use, typical plan sponsor and recipient, main features, key accounting, legal, tax, communication and administration issues.) The original version of this matrix has been downloaded more than 5,000 times and is considered an indispensable tool at the desks of many CEOs, CFOs, Compensation professionals and Stock administrators.
This is a one page reference tool providing an overview of the types of performance-based equity, the companies and individuals who use it and the issues (tax, accounting, legal, administration etc.) involved with these plans.
Everything about Performance Equity Compensation (or as much as fits into an ...PERFORMENSATION
The use of performance-based equity is on the rise. This presentation discusses how to select metrics, set goals,and design a plan. It also covers communication, accounting and administrative concerns.
Presented to BACA (Bay Area Compensation Association 10/21/2010)
Rob Jones, managing director of Peloton Partners, shares emerging pricing trends in the industry based on data from 70 advised firms across Australia, and strategies for advice practices to extract latent value out of their business.
Netwealth portfolio construction series - Hybrids: opportunities, challenges ...netwealthInvest
Chris Joye, Co-CIO at Coolabah Capital Institutional Investments and contributing editor with the Australian Financial Review, provides an update on the current hybrids market and the opportunities available for Australian investors looking to access the unique risk and return features of this asset class.
EBITDA and Other Scary Words (Series: MBA Boot Camp)Financial Poise
This webinar explores the ins and outs of financial language and how you can navigate the seeming labyrinth of a language that can sound foreign and in some ways counterintuitive. This webinar teaches the correct use of EBIT, EBITDA and EBITDAR while also dealing with concepts like Cap Rate vs. Capital Cost. This webinar also sheds light on issues with ROI and Payback among other valuation tools and explains what a Cash Conversion Cycle looks like for your business.
To view the accompanying webinar, go to:https://www.financialpoise.com/financial-poise-webinars/ebitda-and-other-scary-words-2021/
Corporate Valuations “Techniques & Application”: A compilation of research oriented valuation articles.
Contents: Business valuation, Relative valuation, Sum of the parts valuation and value creation, ESOP valuation, Discounted Cash Flow Valuation, Enterprise Valuation etc.
For many business owners, the major source of retirement funding is the sale of their business or assets owned by the business. Fortunately, there are a number of capital gains tax (CGT) concessions available to small business that reduce or even eliminate the capital gain on the disposal of certain assets. It is important to understand the concessions available and the eligibility requirements to ensure entitlements are maximised.
Bournemouth - Essential 6-monthly Finance Directors' Update - June 2018PKF Francis Clark
Our six-monthly Finance Seminars provide an overview of the most important technical developments in financial reporting and taxation. The seminars address the key topical financial matters, the opportunities they present, how they affect your business and the pitfalls you can avoid.
Following recent high profile corporate failures, we look at corporate governance and the responsibility of the Finance Director in managing risk and compliance, together with key updates on tax, employee benefits, financial reporting and corporate finance.
Here are the new AHA Returns! Please take a moment to see how we're performing. Adams-Hansen & Associates are Fee only advisers providing asset management and solving financial problems for Unions, Business Owners, Individuals, and 401(k)s.
We welcome you to call us at 952-224-9085.
C-Suite Snacks Webinar Series: Not Sold on Selling Your Business? Why Now is ...Citrin Cooperman
Sign up for our weekly C-Suite Snacks webinars here: https://www.citrincooperman.com/infocus/c-suite-snacks
Our C-Suite Snacks webinar series provides the middle market with brief, strategic, and tactical business improvement information for 30 minutes every week. Join Citrin Cooperman live every Thursday at noon for snack-sized insights for business executives.
The recently proposed tax provisions in the Biden Administration’s American Families Plan should provide substantial incentives for business owners to discuss the creation of an Employee Stock Ownership Plan (ESOP).
During this C-Suite Snacks webinar session, Howard Klein and Heather Oboda covered more about ESOPs, including:
- An overview of what an ESOP is including financial and non-financial benefits
- The common misconceptions about ESOPs
- How the current tax proposals make an ESOP more attractive
Valuation of Private vs. Public Companies. Private company valuations are discounted based on several risk factors associated with private sector investing, which results in a marked difference between the valuation of a privately held company, subsidiary or a division and a publicly traded corporation.
This presentation covers the realities of performance-0based equity in the Silicon Valley. Presenters includes professionals from Intel, eBay, Applied Materials and Performensation. Learn about the foundation and details of adding performance to equity compensation plans.
Here are the 2018 new Returns from AHA.
Adams-Hansen & Associates are Fee only advisers providing asset management and solving financial problems for Unions, Business Owners, Individuals, and 401(k)s.
Building Successful Employee Relationships: A Cornerstone to Fraud Prevention...McKonly & Asbury, LLP
This webinar will review the risks related to employee hiring and retention and how the potential risks can impact an organization. The presentation will also discuss fundamental best practices related to the employee hiring and management process. There will also be a discussion around recent legislation regarding what employers can and cannot do during the hiring process, or how the process should be handled to avoid any legal problems.
EBITDA and Other Scary Words (Series: MBA Boot Camp)Financial Poise
This webinar explores the ins and outs of financial language and how you can navigate the seeming labyrinth of a language that can sound foreign and in some ways counterintuitive. This webinar teaches the correct use of EBIT, EBITDA and EBITDAR while also dealing with concepts like Cap Rate vs. Capital Cost. This webinar also sheds light on issues with ROI and Payback among other valuation tools and explains what a Cash Conversion Cycle looks like for your business.
To view the accompanying webinar, go to:https://www.financialpoise.com/financial-poise-webinars/ebitda-and-other-scary-words-2021/
Corporate Valuations “Techniques & Application”: A compilation of research oriented valuation articles.
Contents: Business valuation, Relative valuation, Sum of the parts valuation and value creation, ESOP valuation, Discounted Cash Flow Valuation, Enterprise Valuation etc.
For many business owners, the major source of retirement funding is the sale of their business or assets owned by the business. Fortunately, there are a number of capital gains tax (CGT) concessions available to small business that reduce or even eliminate the capital gain on the disposal of certain assets. It is important to understand the concessions available and the eligibility requirements to ensure entitlements are maximised.
Bournemouth - Essential 6-monthly Finance Directors' Update - June 2018PKF Francis Clark
Our six-monthly Finance Seminars provide an overview of the most important technical developments in financial reporting and taxation. The seminars address the key topical financial matters, the opportunities they present, how they affect your business and the pitfalls you can avoid.
Following recent high profile corporate failures, we look at corporate governance and the responsibility of the Finance Director in managing risk and compliance, together with key updates on tax, employee benefits, financial reporting and corporate finance.
Here are the new AHA Returns! Please take a moment to see how we're performing. Adams-Hansen & Associates are Fee only advisers providing asset management and solving financial problems for Unions, Business Owners, Individuals, and 401(k)s.
We welcome you to call us at 952-224-9085.
C-Suite Snacks Webinar Series: Not Sold on Selling Your Business? Why Now is ...Citrin Cooperman
Sign up for our weekly C-Suite Snacks webinars here: https://www.citrincooperman.com/infocus/c-suite-snacks
Our C-Suite Snacks webinar series provides the middle market with brief, strategic, and tactical business improvement information for 30 minutes every week. Join Citrin Cooperman live every Thursday at noon for snack-sized insights for business executives.
The recently proposed tax provisions in the Biden Administration’s American Families Plan should provide substantial incentives for business owners to discuss the creation of an Employee Stock Ownership Plan (ESOP).
During this C-Suite Snacks webinar session, Howard Klein and Heather Oboda covered more about ESOPs, including:
- An overview of what an ESOP is including financial and non-financial benefits
- The common misconceptions about ESOPs
- How the current tax proposals make an ESOP more attractive
Valuation of Private vs. Public Companies. Private company valuations are discounted based on several risk factors associated with private sector investing, which results in a marked difference between the valuation of a privately held company, subsidiary or a division and a publicly traded corporation.
This presentation covers the realities of performance-0based equity in the Silicon Valley. Presenters includes professionals from Intel, eBay, Applied Materials and Performensation. Learn about the foundation and details of adding performance to equity compensation plans.
Here are the 2018 new Returns from AHA.
Adams-Hansen & Associates are Fee only advisers providing asset management and solving financial problems for Unions, Business Owners, Individuals, and 401(k)s.
Building Successful Employee Relationships: A Cornerstone to Fraud Prevention...McKonly & Asbury, LLP
This webinar will review the risks related to employee hiring and retention and how the potential risks can impact an organization. The presentation will also discuss fundamental best practices related to the employee hiring and management process. There will also be a discussion around recent legislation regarding what employers can and cannot do during the hiring process, or how the process should be handled to avoid any legal problems.
With so many disruptive technologies hitting the scene, the world of finance and accounting has been cracked wide open.
Leveraging the cloud, automation, and digitization are just the surface for working faster and smarter.
Check out the slides from our recent breakfast seminar to learn everything you need to keep pace today and beyond.
Learn how to be the CFO for you own startup. What are the important financial concepts for an entrepreneur, the financial documents for startups, reporting, balance sheets etc. And the main budgetary provisions for startups.
This presentation was made at the Washington Area Community Investment Fund (Wacif). This presentation goes over how to use financial statements and tools to make decisions.
Professional Advisors Alliance; PAA believes that working with firms in a true strategic partnership offers the best model for success. So we work with you on a consultative basic to help you make the right choices for your practices. If you are a CPA or Lawyer, together we can make a difference. For a free, no-obligation Firm Assessment, contact me today.
EBITDA and Other Scary Words (Series: MBA Boot Camp 2020) Financial Poise
This webinar explores the ins and outs of financial language and how you can navigate the seeming labyrinth of a language that can sound foreign and in some ways counterintuitive. This webinar teaches the correct use of EBIT, EBITDA and EBITDAR while also dealing with concepts like Cap Rate vs. Capital Cost. This webinar also sheds light on issues with ROI and Payback among other valuation tools and explains what a Cash Conversion Cycle looks like for your business.
To listen to this webinar on demand, go to: https://www.financialpoise.com/financial-poise-webinars/ebitda-and-other-scary-words-2020/
Do you have the right tools to measure your financial performance? Do you know what elements are necessary to guide your business? Based on last year's rave reviews, Autotask's own Chief Financial Officer, Vince Zumbo, will return to lay out the fundamentals of planning and monitoring your financials for success. Vince will be aided by Autotask Product Manager Joe Rourke who will demonstrate how you can apply what you've learned by leveraging Autotask to support your business' optimal financial health. This session is full of tips, templates and insights that are used by financial professionals today and can be used by organizations of all sizes.
[Presenters: Vince Zumbo & Patrick Burns, Autotask]
Insight into the changes in financial reporting requirements
Highlighting current hot topics
Providing you with practical application of these changes
Showing you how to address these issues holistically in the “real-world” context
Discuss the issues in the context of implementation issues and hurdles
Keep up to date & improve your reporting skills
Overcoming roadblocks in creating a next generation accounting practiceCPA.com
Growing a leading client accounting services practice doesn’t happen overnight– it requires a well-structured business plan, highly motivated staff, best-of-breed technology solutions, and a client-centric focus.
As you embark on building an efficient practice that leverages innovative technologies and services, you may encounter some obstacles – from firm leadership and staff, as well as clients. Join us for a webinar where we will discuss how to overcome common roadblocks to achieve success.
Best in Class Working Capital Management - Best Practices for A/R, AP and Inv...Proformative, Inc.
Working Capital represents an internal opportunity to generate cash to fund R&D, buybacks, CAPEX, and M&A that businesses always seem to miss. Understanding how to maximize the initial investment in this internal source of cheap captial to support coprorate initiatives needs a holistic approach to total working capital management. This workshop covers effectively and efficiently improving to reap benefits from an internal cash source from recievables management, inventory and supply chain management, and payables management. Gain an understanding of a holistic approach and framework on Total Capital Management, KPI and baseline measurements strategies to incorporate in planning and forecasting of Working Capital, and best practices in managing Customer to Cash, Forecast to Fulfill, and Procure to Pay.
Speakers:
Hye Yu, Senior Manager, Ernst & Young Working Capital Advisory Services
Henri van der Eerden, Senior Manager, Ernst & Young Working Capital Advisory Services
Presentation delivered at CFO Dimensions 2013 - www.cfodimensions.com
Workshop
Google 2016 annual report-target corporate to get all the necessary .pdfRITU1ARORA
Google 2016 annual report-target corporate to get all the necessary information
Analysis fo year 2017
Balance Sheet (values in 000\'s)
period ending
1/28/2017
current assets
cash and cash equivalents
2,512,000
short-term investments
0
net receivables
0
inventory
8,039,000
Other Current Assets
1,169,000
Total Current Assets
11,990,000
Long-Term Assets
Long-Term Investments
0
Fixed Assets
24,658,000
Goodwill
0
Intangible Assets
0
Other Assets
783,000
Deferred Asset Charges
0
Total Assets
37,431,000
Current Liabilities
Accounts Payable
10,989,000
Short-Term Debt / Current Portion of Long-Term Debt
1,718,000
Other Current Liabilities
1,000
Total Current Liabilities
12,708,000
Long-Term Debt
11,031,000
11,945,000
Other Liabilities
1,878,000
Deferred Liability Charges
861,000
Misc. Stocks
0
Minority Interest
0
Total Liabilities
26,478,000
Stock Holders Equity
Common Stocks
46,000
Capital Surplus
5,661,000
Retained Earnings
5,884,000
Treasury Stock
0
Other Equity
($638,000)
Total Equity
10,953,000
Total Liabilities & Equity
37,431,000
Cash flow (values in000\'s)
period ending
1/28/2017
Net Income
2,737,000
Cash Flows-Operating Activities
Depreciation
2,298,000
Net Income Adjustments
508,000
Changes in Operating Activities
Accounts Receivable
0
Changes in Inventories
293,000
Other Operating Activities
36,000
Liabilities
($543,000)
Net Cash Flow-Operating
5,436,000
Cash Flows-Investing Activities
Capital Expenditures
($1,547,000)
Investments
28,000
Other Investing Activities
46,000
Net Cash Flows-Investing
$1,473,000)
Cash Flows-Financing Activities
Sale and Purchase of Stock
($3,485,000)
Net Borrowings
($664,000)
Other Financing Activities
0
Net Cash Flows-Financing
($5,497,000)
Effect of Exchange Rate
0
Net Cash Flow
($1,534,000)
IV. Adjusting Entries:
A. Explain the type of depreciation method Target Corporation uses and why they use this
method.
B. Identify an example of an adjusting entry (other than depreciation), such as prepaid expenses,
supplies, or unearned revenue, and whether or not Target Corporation has this account listed on
the balance sheet. You could consider why this might not be listed.
VI. Communication: For this part of the assessment, you will prepare memorandums to upper
management addressing certain scenarios or situations.
A. As the controller of Target Corporation, compose a memo to the CEO addressing the
advantages and disadvantages of transitioning from GAAP to IFRS.
B. As the controller of Target Corporation, compose a memo to the CEO addressing the
following scenario: Your biggest customer has just gone bankrupt, and you must inform the CEO
how this will affect your accounts receivable. Assume that the accounts receivable balance is at
least $100,000.
When writing your paper considers the following:
A company may use several different depreciation methods or just one. This information will be
disclosed in the notes. If the company has not explained why they use the method, you will want
to consider the pros and cons of t.
CashPerform has a unique offering that facilitates efficiency in the cash conversion cycle to recover cash from suppliers, customers and internal efficiences. This translates into Working Capital Optimisation
Similar to Ask the Experts: Growing your Business (20)
Survivor's Guide to Restructuring and the Related Tax IssuesWelch LLP
Restructuring your company can be stressful, but there are some trade secrets that can help make sure you survive the experience! On May 11th at 2 PM, let our specialists guide you through the process to ensure that you make your experience a positive one from start to finish. Tune in to learn about:
When to get professionals involved
Making the outcome positive
Dealing with the CRA
Debt forgiveness
...and much more!
This webinar will feature Micheal Burch- Welch LLP Managing Partner, Zoran Vranjkovic- Welch LLP Partner, Daniel Sobel- FAAN Advisors Group Managing Director, and Naveed Manzoor- FAAN Advisors Group Managing Director.
With the plethora of data being generated, proper data management is crucial for you and your company.
Welch LLP's Director of Government Services Karen Dickson and Colin Smith of Cistel Technology explore making your data searchable, organized, and secure. Our expertsn delve into:
- Types of Clouds
- Service Models
- Financial Considerations
- Making the Decision
- Measuring Success
...and much more!
Your application to become a registered charity has been approved, but do you know the rules charities have to follow? Here are the top 10 compliance issues that registered charities face.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Attending a job Interview for B1 and B2 Englsih learners
Ask the Experts: Growing your Business
1. Ask the Experts – An Advice
Series for Entrepreneurs
Growing Your Business
2.
3.
4. AGENDA
RBC Royal Bank:
• Introduction, Retaining your employees
Speaker: Tyler Ray
WelchGroup Consulting/ Welch LLP:
Speakers – Candace Enman, Bron Vasic,
Ryan Dostie
• Increasing the Value of your Business,
Business Valuation, Leasing vs Buying
5. AGENDA
Perley-Robertson, Hill & McDougall LLP/s.r.l.:
Speakers: Lorraine Mastersmith, Josh
Moon
• Leasing, Franchising, Purchase and Sale
Agreements
6. Employee Retention
Solutions for building
and retaining a
productive workforce
October 31st, 2013
Tyler Ray – RBC Group Advantage
TM
Information included within is current as of April 2013, is for informational
purposes only and does not constitute financial or other advice.
6
7. Current Employment Marketplace
Industry leaders understand the importance of
building and maintaining a strong team
Key factors in achieving this:
Attracting and retaining top talent
Providing more value for money spent on employee
benefits
Promoting financial wellness
Being creative with R&R
7
9. Attracting and retaining top talent
Turnover can cost
your company
50-75% of the
employee’s salary
SOURCES: Aon Hewitt, Bersin & Associates, Gallup,
Globoforce, McKinsey, Towers Watson, 2010 Right
Management Survey
9
Low
Mid
High
11. Employee Benefits - Value for Money
Industry Trends
Employees prioritize benefits in order of:
1. Wages
2. Comprehensive Insurance Benefits
3. Retirement Benefits
Employers are reviewing their offerings in these
categories to assess value for money/cost
effectiveness as well as employee engagement
11
12. Employee Benefits - Value for Money
Retirement Benefit Plans
Industry Trends
1. DB Pension Plans -> DC Plans
2. DC Plans -> Group RSP Plans
Reasons for change are reduced employer cost,
reduced employer risk and increased employee
engagement in company plan
12
13. Group Retirement Savings Plans
What is it?
A collection of individual RRSP accounts
Members make contributions from their payroll
Who regulates it?
Individual accounts adhere to the Income Tax Act
Plan is registered with the Canada Revenue Agency
CAP Guidelines define sponsor, member and administrator
responsibilities
How are assets
accumulated
Plan Options and
Investments
Personal and Spousal plan
Restrictions or
Vesting
13
Employer and/or employee contributions
Employer and/or employee contributions
Investment options selected by employees based on choices
available within the plan.
14. Group Retirement Savings Plans
Contribution Limit
18% of the employee’s previous year’s earned income (up to
$23,820 in 2013) plus or minus other adjustments.
Should consult CRA Notice of Assessment from previous year.
Tax Consequences
for Company
Employer contributions are considered part of an employee’s
salary, are considered tax deductible as an expense, and are
subject to payroll taxes (e.g. CPP, EI, etc.).
Tax Consequences
for Members
Payroll deduction contributions reduce income for tax purposes.
Tax receipt issued for member and company contributions.
Immediate tax savings through reduced withholding at source.
Withdrawals by
Members
Taxable as income unless transferred to another registered plan.
Termination and
Retirement
Assets can be transferred to an RRSP, RRIF.
Withdrawals are subject to withholding taxes.
Assets can be taken in cash as a withdrawal from the plan.
Assets can be transferred to a RRIF or used to purchase an
annuity no later than age 71.
14
15. Promoting Financial Wellness
Definition of FINANCIAL WELLNESS:
The balance between having a healthy state of well being
today while preparing financially for tomorrow.
It is not necessarily about being wealthy, but it is a state
of psychological well being in which one feels they
have control over their current finances and financial
future.
15
17. Creative Employee Benefit Best
Practices
Providing R&R programs that encompass benefits
i.e. Bonuses to Retirement Plans for achieving
milestones or goals, directing bonuses to plans
achieve tax sheltering for employee etc.
Enhancing employee benefit packages through other
non-traditional means
i.e. Using reward points earned through company credit
cards for employee R&R, provide value add partner
rewards at minimal or no cost to company
17
19. Owners’ Value Challenge
• Owners need to build a company
that someone will want to buy
• Owners wear
multiple hats
and often
become fire
fighters
20. Value ≠ Revenue
The Profit Trap
Business Owners are too busy chasing
Revenue and Profit as a measure of value
instead of building an operational asset that
can be sold
Financial
Measures
Revenue, EBITDA
Value = Pst
Business Owners building an operating asset that
can dependably sustain future revenue and
profit, even without the business owner in charge
22. Are you maximizing the value of your
business – likely your largest asset?
Do you know what
your business is
worth?
Is this value
sustainable &
transferable for
your business?
Do you know what
“key drivers”
affect the
business value
long term?
25. Red Flags – Negate all Value
Top 5 Red Flags
1. Do it all Business Owner
2. Strategic direction
3. Talent management
4. Financial management
5. Quantifiable advantage
• Do you know how to address them?
• Do you understand what to do first that will
give you your “biggest bang for your buck”?
26. Increasing the Value of your Business
Summary
1.Definition of Value
2.Business Drivers
3.Action
28. Introduction to Valuation
Process
- Determining how much a business is worth
- Several different business valuation methods
- Many factors need to be taken into account
29. Valuation – the Formula
The total value of a company is equal to
• The present value of
• All its future profits
• Discounted for risk
Can be based on “historical” actuals or
“projections” of the future
30. Valuation
Essential that you have an accurate
understanding of the company’s current and
future value
Asking basic, yet important, questions about the
business
31. Valuation
How much of the company’s top line is recurring revenue?
Are there contracts with customers / clients?
Does the business have:
•
•
•
•
Unrecorded assets and/or liabilities
IP or patents not on the books
Property or undervalued assets
Customer relationships
Can the business survive without the existing owner?
Are there significant capital investments required in the near
future?
32. Visualizing Market Valuation
Free Cash Flow
Forecasted
future cash flows
Discounted for
present value
Discounted for
Increasing risk
Final Year used for
“terminal” valuation
Time
33. Valuation – the Calculations
Using the NPV (Net Present Value) of future
FCF (Free Cash Flows)
• Assumes a discount “risk factor” depends on
business (from 25% - 40%)
• Brings cash flows into current $’s
• Generate a “Terminal” value
• Brings into current dollars (40% - 50% discount)
34. Valuation - Summary
Have a current road map for your business
Have an up to date business/strategic plan
Do not stop investing for growth
Ensure the business is transferable
Ensure your personal structure allows you to
minimize potential tax liabilities on a sale
35. For More Information
Candace Enman
President, WelchGroup Consulting
cenman@w-group.com
(613) 236-9191 x195
www.w-group.com
Bron Vasic
Chairmen, WelchGroup Consulting
bvasic@w-group.com
www.w-group.com
37. Overview
Cash flow
How does this impact my financial statements
Tax consequences
Other considerations
The solution
38. Cash Flow
Lease
Buy
Payments lower
Payments higher
Easier to obtain
You require decent credit
Terms can be flexible
Less flexible
Less maintenance costs
Capital maintenance costs
Cost more in long run
Cost less in long run
39. How does this impact my financial statements
Operating lease
Direct charge to the income statement
Included in the notes to the financial statements under commitments
Capital lease
Asset and liability set-up on balance sheet
Amortization and interest on the capital lease on the income statement
Separate note disclosure detailing various aspects of the capital lease and amount
shown in property and equipment
Purchase
Asset and liability (assuming not using cash) set-up on balance sheet
Amortization on the income statement
Disclosure in property and equipment note and related debt
40. Tax consequences
A lease is a lease
Fully deductible with one exception
Leasehold improvements over the term of the lease plus one renewal term
CRA guidelines for deduction of purchased assets
Commercial buildings 6%
Computers 55%
Vehicles 30% (some restrictions apply)
Equipment/Furniture & Fixtures 20%
41. Other considerations
How long do I need this asset
You do not own the asset if you lease
Leasing helps address the problem of obsolescence
Penalties to terminate lease or exceed usage
Growth/reduction of your business
45. The Offer to Lease
• Protection in the Offer – Address as many business issues as
possible in the Offer and include a condition allowing your
lawyer’s review before it is binding
47. Operating Costs & Taxes
• What is included in the “extras”?
• Is the management fee fair and reasonable?
• Know all your costs up front
48. Covenants and Insurance
• Are personal guarantees required and if yes,
can they be limited?
• Have you obtained insurance coverage for all
your risks as a tenant?
49. Flexibility & Subleases
• Is there an ability to negotiate increase or
decreases in space requirements?
• Pitfalls and Benefits of Subleases
51. Purchase and Sale Agreements
•
•
•
•
Standard terms
Subcontractors
Web-based contracts
Privacy issues
52. Lorraine Mastersmith
1400-340 rue Albert Street
Ottawa, ON, KIR 0A5
T: 613.566.2810
F: 613.238.8775
email: lmastersmith@perlaw.ca
Joshua Moon
1400-340 rue Albert Street
Ottawa, ON, KIR 0A5
T: 613.566.2801
F: 613.238.8775
email: jmoon@perlaw.ca
HOW TO USE THIS SLIDE: Ensure that you details, Company Name, Company Logo (if available), date and presenters names
HOW TO USE THIS SLIDE: This is a mandatory slide that positions the current environment and should be used in all presentations. Use this to reinforce Business Needs as outlined in Slide 4
MANDATORY
HOW TO USE THIS SLIDE: Use either slide 10 or 11
SPEAKER NOTES:
Attracting and retaining top talent is a major factor today and employee turnover is on the rise
Recent studies indicate that an increase in resignations lead to a 60% increase in turnover costs. They also indicated that 84% of workers are looking to leave their current jobs.
One of the recent studies indicated that there are 4 categories of employees that are most likely to quit their jobs; IT & Marketing, Workers aged 41-45, Directors & Supervisors and Employees that are paid average or below average wages
HOW TO USE THIS SLIDE:
SPEAKER NOTES:
Turnover of employees can cost your company an average of 50 – 75% of the employee’s salary
Some example of the impact of employees leaving your company could have:
If you lose 10 Employees in the Low Income category of average salary of $30,000, at 75% replacement cost, it can cost your company $225,000 (10 x Low Income ($22,500) = $225,000)
If you lose 5 Employees in $70,000 salary range: 5 x Mid Income ($52,500) = $262,500
If you only lose 2 Employees in the $150,000 salary range: 2 x High Income ($112,500) = $225,000
HOW TO USE THIS SLIDE: This information can be used as additional speaker notes
SPEAKER NOTES:
In a recent MetLife Study of Employee Benefit Trends, it indicates that employee benefits continue to be an important factor to retain and attract employees
60% of Employees indicated that the benefits offered by their employer are an important reason why I remain with my employer
49% of employees indicated that the benefits offered by a company were an important reason of why the came to work for their current company
HOW TO USE THIS SLIDE: Details regarding Group RRSP and detailed speaker notes provided. Alternatively you can use slide 28
SPEAKER NOTES: Details on how Group RSP work
What is it?
Collection of individual RSP accounts
Allows employees to saving for retirement
Who regulates it?
Individual accounts adhere to the Income Tax Act
Plan is registered with the Canada Revenue Agency
CAP Guidelines define sponsor, member and administrator responsibilities
How are assets accumulated?
A convenient and disciplined way to invest through payroll contributions
Don’t have to scramble for funds in February
Employer and employee contributions
Plan Options and Investments
Personal and Spousal plans
Investments selected by employees based on choices within the plan
Restrictions or Vesting:
RBC plan allow “Notification of Withdrawal”, Vesting NOT allowed on GRSP
employees not able to make withdrawals without company consent
CANNOT legally restrict as funds are part of Salary
Best efforts by RBC to get company approval
HOW TO USE THIS SLIDE: Details regarding Group RRSP and detailed speaker notes provided. Alternatively you can use slide 28
SPEAKER NOTES: Details on how Group RSP work
Contribution Limits:
18% of the employee’s previous year’s earned income OR
Maximum annual RRSP contribution limit ($22,970 in 2012), whichever is less.
“Earned income”: employment income, rental income, royalties, spousal support
Tax Consequences for Company:
Employer contributions are considered part of an employee’s salary, and are considered tax deductible as an expense and are subject to payroll taxes
Tax Consequences for Member:
Payroll deduction contributions reduce income for tax purposes.
Immediate tax savings
Tax receipt issued for member and company contributions
Withdrawals by Members:
Taxable as income unless transferred to another registered plan.
Withdrawals are subject to withholding taxes
Termination and Retirement:
Assets can be transferred to an RRSP, RRIF.
Assets can be taken in cash as a withdrawal from the plan.
Assets can be transferred to another RRSP, RIF or used to purchase an annuity.
The way we calculate the CoreValue Rating, is we assess the company in 18 Value Driver Categories, what we like to call the ‘gears’ in the business engine.
Let me take a moment to review them with you.
Growth, “does your company have a history of sustained growth at or above the industry’s rate”
How large is your potential market?
do you have a dominant market share or plans to attain a dominant share.
Is your revenue recurring or do you have to recreate your customers every month?
Do you have documented capital, legal, or market barriers to entry?
Is your product or service differentiated?
How strong is your brand relative to your competition?
Can you show a net and gross margin above your industry norm?
Do you have a diversified customer base or are all your eggs in one basket?
Can an outsider quickly and efficiently learn about your company
Do you have financial systems and processes in place such as financial statements, operating reports, audits and tax
Do you have a sales and marketing process…not just an ace sales or marketing person
Can your operations consistently deliver on your promises to the marketplace?
Do you have a process for measuring customer satisfaction?
Do you have high functioning senior management team in place or is the company overly dependent on the business owner?
Can you find, hire, and retain the best of the best when you need to?
Is your legal house in order?
And last, do you have a process to capture innovation at all levels in your organization?
Good Morning Everyone.,
My name is Ryan Dostie and I am an accounting and auditing partner at Welch. I am have been working for Welch for almost 20 years. Considering I have only 10 minutes to present this information, let’s get right to it.
I am presenting the question that every business owner faces at one time or another. Should I lease or buy?
I am going to cover a few aspects:
Cash flow considerations, How does my decision affect the presentation of the financial statements, we will look at the tax aspect, touch on a few other considerations and the most important part and why we are here the answer to the question!
Cash flow is King/Queen for businesses. Typically lease payments are less expensive versus financing a purchase. If you are purchasing a building the initial costs will be much higher than a lease due to the required down payment.
Leases are usually easier to obtain. Buying you will need decent credit and possibly personal guarantees to get a loan to finance the purchase.
Leases can be customized to the customer such as length of time, start and end dates.
When leasing premises you pay for general repairs and maintenance but the landlord is responsible for capital upgrades to the building.
Leasing equipment for instance typically costs more in the long run when you lease it then purchasing it.
We are going to look at two types of leases, operating and capital.
You have a capital lease when:
1. Transfer of ownership - does the lease explicitly state ownership at the end of the lease ... OR is there a bargain purchase option?2. Lease term - is the term equal to 75% or more of asset's remaining useful service life?3. Minimum lease payment - is the discounted value of net minimum lease payments at least 90% of FMV?
If all answers are no you have an operating lease. So what does that mean to the financial statements
Operating lease – it’s a direct charge to the income stmt, and noted in the commitment section
Capital lease – Asset and Liability set-up on the balance sheet, amortization and interest on capital lease on the income statement and a separate note disclosing future lease payment obligations by year, amount of interest and interest rate and current and long term portion. Also the capital lease asset is shown with the note with the other property and equipment on a separate line.
Purchase – asset and liability set-up on balance sheet and amortization on the income statement. Disclosure in the P/E note. (cost, accum amort and remaining value)
LEASE:
For tax purposes a lease is a lease. There is no such thing as a capital lease in the income tax act. Thus you can deduct for tax the amount of lease payments paid during the year in either case.
Once special restriction regarding leasing is when you lease a passenger vehicle. CRA restricts the amount you can deduct for lease payments to $800 plus tax. .
Leasehold improvements are over the lease term plus one renewal.
PURCHASE:
If you purchase an asset, the tax rules outline how much you can depreciate the asset. Generally speaking:
Commercial Buildings are 6%, Computers 55%, Vehicles 30%, equipment and furniture and fixtures 20%, half the amount in the first year, doesn’t matter when you buy it., declining balance
Again CRA imposes a restriction of $30,000 plus tax on passenger vehicles.
How long do I need this asset or want it. If it’s short term then leasing probably will make more sense but if you plan to keep it for the long term then purchasing will be cheaper in the end especially when it comes to vehicles.
Keep in mind you don’t own a lease asset thus you can’t modify it, sell it etc.
If you are in a business that you require up to date equipment then leasing makes sense as you can replace the equipment more often and just give back the equipment when the lease is up.
Leases can include penalties for excessive wear and tear and vehicles especially there are limitations on the amount of kms you can drive over the lease term.
Leasing your operating premises could make sense as well if you plan to continue to grow and need more space. Also could be handy if you need to downsize as well.
The solution… It depends on many variables and each case needs to be looked separately.