Knowledge is good, wisdom is even better.
Wisdom turns agility into action. The insights that fuel better questions and conversations between private business owners and EY professionals are organized here for easy reference. What are you reading today that will grow your business tomorrow?
As a firm, we are committed to keeping you informed on the most pressing topics that affect the world your business operates in. See below for our hot topics, recent tax publications and Accounting Standards for Private Enterprises (ASPE) publications.
Private Company Spotlight: Retail and Consumer Products
With the size of the global middle class expected to triple between now and 2030, businesses in the retail and consumer products sector have a great opportunity to create sustainable, long-term growth.
Creating a family legacy through philanthropy - Infographic
Family business philanthropy is increasingly regarded as a social investment, with a clear value base and a desire to perpetuate those values through to the next generation.
Can embracing conflict spur positive change
In this report, we explore the effects of dysfunctional conflict and explain how to make conflict benefit business and family, rather than disrupt either.
Private Company Spotlight - Manufacturing
Manufacturing is a cornerstone of the Canadian economy. Read our latest sector spotlight to see how it has huge potential for Canada's economic future.
Developing a foreign exchange risk management strategy
Learn more about important risk management steps you should consider if foreign exchange is a factor for your private business
Checking on the financial health of your business: Updating your business plan for year-end
Here are some tactical items that you should consider for your annual business plan review.
Reducing fraud, bribery and corruption in your private business
6 things that you can do now to help you understand, reduce and prevent fraud, bribery and corruption from impacting your private business.
Innovating for the upturn
The keys to success and longevity lie in the ability to make smart, strategic investments in innovation.
4 tips To prepare the next generation for the family business
Private company insights - Federal budget 2016-17
Read our executive summary highlights of Budget 2016 that are relevant to private companies and their shareholders.
7 key actions for expanding your private business
Internationalization can be a challenging process for a private business. Read how you can best prepare for entering a new market.
Finding the capital you need to help your private business grow
Questions your accountant should be asking you
Whether you’re at the beginning of your journey, find yourself at a crossroad, or simply want to maintain the right direction to success, we’ll support you with our experience and advice.
How EY meets your private company needs
Helping business owners with all of their private company needs.
10 tips to avoid litigation
Practical tips to help you avoid litigation so you can get past the dispute and back to business.
Smart strategies for dealing with your banker
EY’s Smart strategies for dealing with your banker is designed to offer techniques that will help you facilitate a strong working relationship between you and your banker.
Private company owners are on the look out for acquisitions. Here’s how to start the process on the right foot
To become an international market leader, you need to get these four things right
Will coming tax changes spur an increase in private company M&A activity in 2016?
4 Ways to Close the Manufacturing Skills Gap
Five ways to reduce fraud, bribery and corruption from hitting your business
Five things small businesses need to know about the budget
Federal budget 2016: How entrepreneurs can get the most from the current tax rules
3 Ways Business Owners Can Innovate For The Economic Upturn
How Late is Too Late to Start Succession Planning?
How to keep your family in business for the long term
Tax optimization in today’s economy
Tax optimization can provide an additional source of capital in uncertain economic times.
Indirect Tax Services
Are you constantly on the lookout to find efficient ways to reduce costs and increase profits?
Optimizing tax savings for your private company
If you're looking to take advantage of tax savings while maintaining financial discipline and rigour, understanding what tax options may be available to you is more than simply a good idea - it's essential.
Capital Asset Review
Classifying capital assets for income tax purposes can have a significant impact on your corporate tax payable and resulting cash flow.
Indirect Tax Recovery
For over 30 years, we’ve helped private companies identify and uncover indirect tax recovery opportunities and provided them with indirect tax management support.
Accounting Standards and Technical Support
Private companies have a unique set of reporting standards that differ from that of a public company.
To ensure sound reporting practices are followed, EY has a team within our National Accounting and Assurance group dedicated to servicing and understanding the unique needs of our private mid-market clients.
Our team is focused on supporting and advising on technical accounting and auditing matters for private companies. We can assist you in many ways including:
- Reviewing your financial statements
- Training your accounting personnel
- Assisting you in understanding the implications of new or proposed accounting standards
- Understanding and advising on the implications of complex business transactions
We can help you successfully navigate the private company reporting environment.
- ASPE exposure draft section 3856
ASPE updates: exposure draft of section 3856 and post-implementation review.
- ASPE changes to consolidations and joint arrangements
New accounting standards take effect 1 January 2016.
- Good Group Private Enterprise Inc.- Illustrative financial statements (2015)
Based on Accounting Standards for Private Enterprises in issue as at 1 January 2015.
Understanding ASPE publications
This series of Understanding ASPE publications have been developed to assist preparers of financial statements with Accounting Standards for Private Enterprises (“ASPE”). Our Understanding ASPE publications provide current and relevant topics of interest to private mid-market enterprises in an easy-to-understand format.
Through answering commonly asked questions, these publications summarize certain key aspects to select ASPE topics without providing an expressed viewpoint.
To learn more about ASPE or for application guidance please contact our Private Mid-Market Practice at firstname.lastname@example.org.