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Recently, our Valuation & Transaction Advisory (VTA) team has been quite busy, executing several transactions and valuations for clients in a diverse range of industries across Canada. In this edition of our Insider blog, we look at the services provided by our VTA team, as well as some client success stories. For confidentiality, identifying names and details have been removed.
We work closely with clients throughout the buying/selling process to optimize efficiency and value. For those seeking to divest of business interests, we help ensure a seamless transaction. Our support includes identifying potential acquirers, preparing marketing materials, negotiating price and structure and managing due diligence. Drawing on our deep experience and knowledge of the sales process, we were instrumental in the following transactions:
We provide clients with an objective perspective on their business. Our advisory team has evaluated hundreds of sole proprietors, partnerships, corporations and franchises. In each case, we thoroughly assess the entity to determine the most accurate appraisal, eliminating uncertainty or surprises down the road. Our recent business valuation work includes:
Ultimately, whether it’s transaction or valuation advisory, we understand no two situations are the same. Each client is unique and treated as such by our dedicated team of professionals. Should you have any questions about the transaction and/or valuation process, simply contact us.
Nothing is more valuable than sound advice
Nathan Treitel
Practice Lead, VTA Team
Phone: 416-798-6916
NTreitel@segaladvisory.com
It’s that time of year again! Segal GCSE is excited to present the 2023/24 Tax Series for Accountants, hosted by tax partner Howard L. Wasserman. This is the seventh consecutive year of this professional development program, encompassing a diverse array of tax, financial and business subjects. This unique series will be invaluable to all tax and finance professionals, and each seminar counts as two hours of PD time for attendees.
2023/24 Tax Series for Accountants event dates:
Select feature topics:
Note: The first two sessions will be held online. Depending on participation levels, the final two sessions may be conducted in‑person.
Sharpen your skills
The Department of Finance Canada, on June 6, 2023, released the much-awaited transfer pricing public consultation paper Consultation on Reforming and Modernizing Canada’s Transfer Pricing Rules. The Federal Budget 2021 previously announced the Government’s intention to consult on Canada’s transfer pricing rules to protect the tax system’s integrity while preserving Canada’s attractiveness as a destination for new investment and business activity. The consultation paper includes proposed draft revisions to Section 247 of the Canada Income Tax Act (“the Act”) and potential changes to administrative measures.
The catalyst for these changes and consultation is the view that Canada’s existing transfer pricing legislation does not provide clear guidance on applying the arm’s length principle, and the rules have not been revised since their introduction in 1997. In comparison, other countries have updated their transfer pricing rules to align with international tax reform and related developments with detailed guidance and provisions.
CLICK HERE to read the full article and to learn more!
Segal GCSE will continue to review the consultation paper and monitor related developments in the coming months to provide inputs on what is likely to be a key milestone in Canada’s transfer pricing legislative reform at a crucial time for taxpayers in an ever-evolving complex international tax landscape.
This consultation process allows key stakeholders to actively participate and shape a transfer pricing framework that is robust and sustainable for the future. Comments and responses are invited to 23 questions from various stakeholders by July 28, 2023.
Avinash S. Tukrel
Principal & Transfer Pricing Leader
ATukrel@segalgcse.com
Lavanya Sarathchandran
Marketing and Communications Manager
Segal GCSE LLP
Phone: 416-798-6929
LSarathchandran@segalgcse.com
At Segal GCSE LLP, we embrace an ambitious firm philosophy: to provide our valued clients with an expansive service experience that enables greater opportunities for growth and prosperity. From innovative practices to specialty services, our agile team is on a journey to not just meet your audit, accounting, tax and business needs, but transform your entire portfolio.
For more than 45 years, we have employed a collaborative approach, leveraging the shared knowledge and expertise of our multi-disciplinary professionals, to inspire and drive enhanced client success. Additionally, we augment our specialized offering with an international association with Moore Global – one of the world’s leading accounting and advisory networks.
Segal GCSE is proud to announce the firm has won a 2023 Marketing Achievement Award from the Association for Accounting Marketing (AAM). Our 2022/23 Annual Tax Publication received top honours in the category of Collateral and Content Marketing – Publications and Newsletters.
This marks the first time since joining together as Segal GCSE that our firm has won such an award, further demonstrating the unified mission and vision of our merger. The theme of the tax publication itself – Power of Partnership (POP!) – directly reflects the successful union of our predecessor firms, Segal and GCSE. Our merged firm has clearly proven to be greater than the sum of its parts.
“First and foremost, our 2022/23 Annual Tax Publication aims to inspire and empower clients with knowledge and insight to plan and act with confidence,” says Segal GCSE Partner Laurie Starkman. “Winning this coveted award is a welcome bonus and more confirmation that our merger is not simply working, but enabling our combined team to flourish. For me personally, as part of the firm’s leadership, this is truly rewarding to see.”
The AAM Marketing Achievement Awards are presented annually in a wide range of categories to select firms that have created the most innovative ways to connect with both clients and prospects. Our 2022/23 Annual Tax Publication represents countless hours of research and work by our entire team of professionals, including our marketing agency partners. Looking ahead, Segal GCSE aims to continually raise the bar as industry leaders through resources such as our tax publications.
Celebrating the power of partnership
Lavanya Sarathchandran
Marketing and Communications Manager
416-798-6929
LSarathchandran@segalgcse.com
About Segal GCSE LLP
At Segal GCSE LLP, we embrace an ambitious firm philosophy: to provide our valued clients with an expansive service experience that enables greater opportunities for growth and prosperity. From innovative practices to specialty services, our agile team is on a journey to not just meet your audit, accounting, tax and business needs, but transform your entire portfolio.
For more than 45 years, we have employed a collaborative approach, leveraging the shared knowledge and expertise of our multi‑disciplinary professionals, to inspire and drive enhanced client success. Additionally, we augment our specialized offering with an international association with Moore North America, Inc. – one of the world’s leading accounting and advisory networks.
About AAM
The AAM is an international association and one-of-a-kind network of marketing, business development and growth strategists. The association was formed in 1989 to advance the careers of growth professionals in the accounting profession through professional development, community and leading-edge resources.
Toronto, ON – As an independent member firm of Moore North America, Inc. (MNA), Segal GCSE is proud to welcome the 2023 Moore North America Conference to Toronto. This year’s conference will be held over three days, May 31 through June 2, and marks the first time ever this annual event is held in Canada.
With the overarching theme “Fast Forward,” the conference brings together a diverse panel of industry leaders and experts to explore the impacts of technology and innovation on the future of the accounting field. Through keynote presentations, interactive workshops and breakout sessions, participants will focus on how to leverage technology to drive productivity and embrace innovation to stay ahead of the curve, ultimately positioning firms for long‑term growth and success.
Among the feature speakers this year will be Segal GCSE managing partner Dan Natale and partner Laurie Starkman. Focusing on innovation and future planning, Natale and Starkman will lead the presentation Mergers and Acquisitions: From Conception to Completion (And Everything in Between). In particular, they will discuss their collaborative and strategic approach in guiding the seamless integration that led to the formation of Segal GCSE in 2022.
“While many firms seek to grow their practices and teams organically, we saw a prime opportunity to quicken the pace without sacrificing quality,” says Natale. “We took the initiative in 2022 to strategically accelerate our growth through a merger, enabling us to deliver enhanced service and value to clients. Looking to the future, inorganic growth such as ours really is becoming the new norm. We hope to provide practical insight on how intention and ambition supported by a structured process and dedicated leadership has led to a successful outcome.”
With a clear vision and mission for the future, Segal GCSE is honoured to be a participant in the 2023 Moore North America Conference, and looks forward to welcoming all attendees to Toronto for a truly inspiring and memorable conference experience.
Lavanya Sarathchandran
Marketing and Communications Manager
416-798-6929
LSarathchandran@segalgcse.com
About Segal GCSE LLP
At Segal GCSE LLP, we embrace an ambitious firm philosophy: to provide our valued clients with an expansive service experience that enables greater opportunities for growth and prosperity. From innovative practices to specialty services, our agile team is on a journey to not just meet your audit, accounting, tax and business needs, but transform your entire portfolio.
For more than 45 years, we have employed a collaborative approach, leveraging the shared knowledge and expertise of our multi‑disciplinary professionals, to inspire and drive enhanced client success. Additionally, we augment our specialized offering with an international association with Moore North America, Inc. – one of the world’s leading accounting and advisory networks.
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