Insight Management Professional Corporation

Welcome to Insight MPC.

NOW THAT THE TAX SEASON IS OVER What is your accounting team doing for you to take you to the next level? For many of us, Canadians, the NHL playoffs are over now that all Canadian teams have been eliminated. The playoffs show if your team is the best. The tax season is the playoffs for businesses it shows if they met their goal(s). Like each hockey team, a business must review how they did last season. Did they exceed their expectations? Or miss the mark? No matter w...hat happened during year, after the tax season is over, you know where you stand. So, what is next after the playoffs are over? It does not matter if you won it all or if you lost in the first round or didn’t make the playoffs; there is a time of reflection. What did we do well? What are our challenges? How do we get better? Do we have the right players doing what they do best helping take the business to where it wants to be? Yes, there is the bookkeeper the data management expert; they keep data up to date and consistent. Yes, there is the tax accountant the tax expert; they focus on tax advice, planning and compliance. Is that all a business needs for strong accounting team? No. The larger companies not only have bookkeepers and tax accountants working for them, they have another group working for them called the business numbers expert or also known as corporate accountant; they give management an interpretation and summary of numbers to help them see the impact of past decisions and make better decisions going forward. Remember every team reflects after their season is over no matter what happened. How did your business do last season? Do you know how you are going to get better? Is your accounting team managing your data, focusing on your tax needs and interpreting and summarizing your business numbers on a regular basis? Do you have to make some player adjustments on your accounting team? If you want to discuss how to make your business better for the next season a free consultation, call me, David, at 780-298-4839 or email at [email protected].