In This Issue
Upcoming Events
Member Firm Profile - BK Express
HST Upsdate Seminar
Cash Flow Statement
Managing Generations
Cloud Computing

Upcoming Events

year cubes
 
2020 Canada Webinars

Please go to the website for details or download the Registration Fax Form here.

December Webinars

Dec. 1 - Building your Business from the Inside Out - Bob Simpson

Dec. 5 - Keeping Your Niche out of the Ditch - Gale Crosley

Dec. 8 - How Much is Enough to Retire - Paul Tyers

Dec. 10 - Quarterly Economic Updates - Wilfid Hahn

Dec. 18 - Turbo-charging Lead Generation - Gale Crosley

Jan. 7 - Mining for Gold : Wealth Management from Tax Returns - Don Nilson

Feb. 11 - Effective Client Managment - Gale Crosley

2020 Members' Morning
HST Update

Wed. Dec. 16, 2009
8:30am to 11:45 am
Intuit Canada Offices - Mississauga
5100 Spectrum Way
(Eglinton and Dixie Area)


Member Firm Profile 
Bookkeeping Express

Gordon Holley, CA, out of Vancouver, BC, is an entrepreneur at heart. Whether he's worked as a CFO advising start-ups, a law firm COO with strategic vision, or a partner in a CA firm, Gordon has always had a keen eye for business opportunities. Now, as President and CEO at Bookkeeping Express, he brings hard-won experience and insight from more than 20 years in accounting and financial services to his own bookkeeping franchise company.

While working as a Chartered Accountant in small, mid-sized and "Big 4" CA firms, Gordon got an insider's look at how bookkeeping affects both accountants and small business owners. He discovered that accounting firms were not optimized for bookkeeping tasks, which often fell to inexperienced students. He also watched small businesses waste money as accountants spent hours cleaning up poorly executed bookkeeping work. Gordon's answer is Bookkeeping Express, where his accounting expertise and passion for helping small businesses come together.

BK Express

As a business owner, Gordon can now focus on the work he enjoys the most, like connecting with small business owners and accountants, and helping other bookkeepers grow their own successful businesses.

Look for them online at
bkexpress.ca
Welcome to our Newest 2020 Members

Tom Chow, CGA
Tony Chow, CGA
Accounting Plus Business Services
North York, ON

Debbie Hou, CGA
Rosemarie Deane, CMA
Jodie Arthurs, CGA
Valente & Theocharis LLP
London, ON

Ali Raza Jaffer, CGA
AR Jaffer Professional Corp.
Mississauga, ON

Aaron Schechter, CA
David Hertzog, CA
John Mathai, ACA, CPA, CGA
Regal Khargie, CA
Mario Brunetta, CA
Eric Chan, CA
Cunningham LLP
North York, ON

Tammy Vicars, CA
Bruce Martin & Associates
Kamloops, BC
Quick Links
 
Websites
ICAO
Opportunity International
                                 

Sign Up
2020 International LogoThe 
Canadian Innovator
Greetings!
 

Catching Clouds

It is hard for any one individual to keep pace with all the new technology being developed to improve the efficiency of a practice or simply to protect documents and their contents.  Over the past several months I have attended several conferences and presentations on technology.  The recurring theme is document management, portals and cloud computing.  What is really exciting is to see how many members of 2020 Canada embrace technology and are prepared to test out the proposed technology. 
 
There are many levels of document management.  We have been working and playing with the Fujitsu ScanSnap 1500 Deluxe over the past month.  We are so excited about its capabilities both for you as accountants and for your clients to make their lives easier.
 
We had a brief meeting with John Sully of Quick Portals this morning.  He was quite excited about the number of accountants who stopped by his booth at the 2020 Canada conference, but more importantly by the number of accountants who actually purchased the portal technology.  This proves in my mind, once again, that 2020 Canada members are ahead of the curve in technology and we could not be more proud of the accountants we serve.

Peggy
Members' Morning
HST Update
Tax Scrabble

Wednesday, December 16th
8:45 am - 11:45 am
Intuit Canada Mississauga
5100 Spectrum Way
(Eglinton between Dixie & 427)
 
Join us to hear an update on the HST and how it will affect businesses and your clients next year.

We have 3 Speakers:

Todd Trowbridge, CA Trowbridge and Associates
Sheila Wisner, CA, SW Consulting
and a representative from the CRA.


3 Hrs PD Credit
$100

Download the invitation and Fax Registration Form here
Sponsored by Intuit Canada & Fujitsu
Technical Perspective -
Cash Flow Statement - An Entrepreneurial Perspective

cashflow In this second article, Don Nilson, West Vancouver,  looks at the Cash Flow Statement.

For us "old-timers," the cash flow statement has had a fairly active history in the handbook. Over the years it has been known euphemistically as the "Where Got Where Gone," and properly as the Statement of Sources and Uses, the Statement of Sources and Applications, the Statement of Changes in Financial Position and, lately, the Statement of Cash Flows. Previously it focused on net working capital, but it has evolved to instead focus on cash or cash equivalents. The categorical concept of operating, investing and financing subheadings was introduced in 1987.
 
While we produce handbook-style cash flow statements in the official financial statement package, we produce a modified version for separate reporting to our entrepreneurial clients. This includes a fourth subcategory, which we call "shareholder activities." At first, this merely shows the reporting of dividend payments and shareholder loan activity from other places on the statement to the shareholder section.

Click Here for the entire article.

If you have an article you would like to contribute to future, please contact Peggy.

Managing Different Generations
Marc Belaiche, CA TorontoJobs.ca

Gen Boxing Remember the last time the family gathered around the table for a special occasion? How long did it take before you had Grandpa, the Veteran, saying how easy it is for young people today? Next thing you know Mom, the Baby Boomer, is setting up the "kiddy" table for the, much too old for kiddy table, daughter, the Generation X'er. There's bound to be some tension forming within the family now! If this has happened to you don't think you are alone. This situation is likely due to generational differences we are faced with on a daily basis not only in the home but at work as well.

This is the first time in history that we have had four different generations working side-by-side in the workplace.  In order to understand what a manager in this type of situation must do to keep communication and working relationships flowing smoothly, let's take a closer look at these four generations and learn the differences in work ethics, styles, values, etc...

Technology Update
Cloud Computing
cloud battleThis interesting article on Cloud Computing - Battle of the Clouds - appeared in The Economist on Oct. 17.
In talking with accounting firms across the country, some are currently implementing this. A must read for those thinking about cloud computing.

THERE is nothing the comput­er industry likes better than a big new idea-followed by a big fight, as different firms com­pete to exploit it. "Cloud com­puting" is the latest example, and companies large and small are already joining the fray. The idea is that computing will increasingly be delivered as a ser­vice, over the internet, from vast warehouses of shared ma­chines. Documents, e-mails and other data will be stored on­line, or "in the cloud", making them accessible from any pc or mobile device. Many things work this way already, from e-mail and photo albums to calendars and shared documents. This represents a big shift. If you store more and more things online, and access more and more software through an ordinary web browser, it suddenly matters much less what sort of computer you have, and what kind of software it is run­ning.

Click here for the entire article.
Our webinars are going full tilt, with great speakers and what we believe are interesting topics.  If you have not completed your structured PD requirements for this year now is a good time to register for the remaining webinars or Member's Morning.

We don't know which way to turn in our PD courses. Do we provide more compliance, and tax updates, as that is the area you are all most comfortable with, or do we continue with our direction, to provide you with information that broadens your knowledge and helps you in your practice management and growth. Do we continue with webinars or do only live seminars?

You tell us. We have less then 10 webinars remaining in this year's series, and we will begin planning for 2010 in January as you begin to cocoon yourselves in your tax work. Drop us a line as to what you would like to see from 2020 next year, if you want to see anything at all. If we aren't providing you with what you want, let us know what thay may be and we'll try to deliver it.
 
As always, if you have any questions or comments, please contact me at peggy.tyers@2020canada.ca .
 
peggytyers

Sincerely,


Peggy Tyers
2020 Canada

Scansnap
ScanSnap S1500 or
S1500 Deluxe
Save $50 per unit*
until Dec 15, 2009

Regular Price $595 or $695 Deluxe
Now only $545 or $645
*$30 Off Invoice plus $20 Rebate Coupon - contact info@2020canada.ca