• Collins Barrow

    Welcome to Collins Barrow

    Known for our responsiveness and aggressively entrepreneurial culture, we are the eighth largest public accounting network nationally by revenue. Our over 1340 professional and support staff and more than 235 partners and principals provide a full range of audit, tax and advisory services to private and public companies through our regional offices from coast to coast.
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    How to build your dream (succession planning) team

    Preparing a succession plan for your farm is a complex undertaking that requires many types of expertise. It’s imperative that the advisors involved in the process – like an accountant, financial advisor, lawyer, family dynamics advisor and any other required expert – are all collaboratively on the same page, ensuring your plan a success.

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    Designing Internal Controls for Small Organizations

    Designing internal controls for a small business or organization is a difficult task for management and/or the board to undertake. There are some that say it cannot be done because there are too few employees in the organization. We disagree. It can be done with a bit of forethought about the design of the workflow that needs to be accomplished. To begin the process, consideration needs to be given to the four major components of internal controls: control environment, risk assessment, technology and monitoring.

The Latest at Collins Barrow

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    Collins Barrow Durham hosts Durham Exports business conference

    Courtice, ON - On Wednesday, September 14, Collins Barrow Durham will host Durham Exports (www.durhamexports.com), a conference on building business opportunities and growth through exporting. This is a rare opportunity for business leaders to enjoy a day of intensive networking and learning.

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    Planning for U.S. expatriation – The ins and outs of IRC 877A

    The past several years have been a wild ride for many U.S. taxpayers (and tax practitioners), in particular for those residing outside of the country. While there are a surprising number of U.S. persons still grappling with becoming compliant, in general, the progression to considering expatriation has been somewhat predictable, as follows.

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    Collins Barrow SNT once again makes a difference at Relay For Life

    Sudbury, ON - Collins Barrow SNT LLP is proud to announce the continued success of its fundraising efforts for Sudbury’s Relay for Life. Determined to continue playing a role in the fight against cancer, their team is once again participating in the event as it unfolds today. Known as A Counting for a Cure, this team is captained by Manager Nicole Henri.

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    Collins Barrow Leamington is opening a new office

    Leamington, ON - After more than 35 years of business in its current location, Collins Barrow Leamington is opening a new office. Having outgrown the 4,100 square feet at 92 Talbot Street East, the firm’s 17 staff members and four partners are upgrading to a 7,000 square foot facility at 203 Talbot Street West, adjacent to Leamington Medical Village

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    U.S. proposes new rules for related-party debt

    On April 4, 2016, the U.S. Treasury Department and the IRS issued proposed regulations which govern whether certain related-party debt instruments will be classified as either debt or equity for U.S. federal income tax purposes. These rules are designed to prevent the excessive shifting of profits between related entities by way of interest charges on related-party debt instruments.

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    Farm succession planning: Insights into gifting to children

    A common question that we often get as farm tax advisors is whether or not farm property can be transferred to the next generation by way of a gift. This topic is becoming more and more important as nearly half of all farmers in Canada are 55 years of age or older and are preparing themselves for succession. Succession planning is the most discussed topic between farmers and their tax advisors. Contributing to this dilemma is that rising land values is creating significant amounts of wealth and making life difficult for the farmers to equalize their estates when there are active and non-active children involved in the farming business. Succession has become much more difficult, and a traditional solution of life insurance and non-farm assets may not be enough to equalize the estate.

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    “Smaller” multinational enterprises & transfer pricing

    How saving $20K nearly cost this taxpayer $2.7 million!

    It seems that every day now there is an article of some sort addressing aggressive tax structures, often utilizing offshore entities, and the ramifications of (implied) inappropriate, underlying transfer pricing policies. Recently, this has clearly been due to the news of the “Panama Papers” disclosure or, more generally over the past couple of years, the result of the recently finalized Base Erosion and Profit Shifting Project reforms published by the Organisation for Economic Co-oporation and Development.