Tax Technology Trends in 2023 and Beyond
The rapidly evolving accounting and taxation industry is adapting to new technology trends but you need to be proactive to stay ahead of the competition. The recent advent of generative artificial intelligence (AI) tools needs a robust response from the tax function as well. The complexity of the tax function combined with the adoption of the latest tech trends means tax professionals are becoming strategic partners.
Is Canada Headed Towards a Recession in 2023?
Most economic analysts predict a mild economic recession for the Canadian economy in 2023 due to high inflation, disrupted global supplies, higher interest rates, a slowing housing market, and a widening skilled labor shortage gap, to name a few factors.
SMEs in Canada Face Compelling Challenges in 2023
Small businesses have faced several challenges in the last couple of years due to global economic challenges. Canadian SMEs are likely to face these challenges in 2023 too.
Why should you read The Z-Book?
This book is designed to give an overview of the SR&ED Program of the Canadian Tax Credits & Refunds System to the busy executive and the business owner/manager. In order to keep the Canadian businesses competitive in the present global market, the Canadian government offers one of the most generous incentives to Canadian businesses to encourage them to engage in scientific research and experimental development (SR&ED). It is also available to foreign corporations conducting SR&ED in Canada. It is estimated that only a very small fraction of those eligible actually apply for this credit. It is also estimated that in the last fiscal year tax credits running into billions of dollars were approved, including refunds to eligible businesses. There is no upper limit set by the Government as to the amount of tax credits it is willing to give to eligible businesses with regard to SR&ED.
*Note: This book was released in 2011 and laws change over time. Seek professional advice.
