Expert Details

Expert in Cash Flow Acceleration, Cash Flow Planning, Quicken, and Financial Management

Expert ID: 721961 Canada

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Expert provides intense focus on supervising the preparation of accurate and complete information to provide small business management with key decision-making data. The complexity of legislation in North America is generally limited to one jurisdiction -- state, province or federal. Expert has focused on the small to medium-sized enterprise [SME] issues of Ontario and Canada. Typically, he advises owners in respect to day-to-day taxation issues and is commonly called upon to develop an overall income tax strategy so as to minimize taxes. Because of the complexity of commodity taxation, he is frequently asked to determine the applicability of current tax statutes.

Expert assesses the suitability of systems to provide management accurate and complete information to ensure effective decision-making. Moreover, he assists the implementation of the most suitable system. He is experienced in working with Quicken and QuickBooks.

Expert has experience facilitating the establishment of a corporate vision. Once the corporate vision is established, an in-depth analysis of corporate strengths and weaknesses follows. This, coupled with a review of external influences, enables the effective linking of anticipated actions to affect predetermined corporate objectives. After this has been completed, he follows up by measuring the effectiveness of the strategies.

Expert's specialty and experience lies in the areas of designing and implementing accounting systems and planning for taxation, corporate strategy and business planning for small business. He frequently assumes the role of chief planning officer and/or chief financial officer for many of the organizations that he deals with. He is well-versed in crafting strategic, business and financial plans as well as implementing them.

Expert assists "troubled" corporations. An assessment of the problems a corporation is experiencing is the first step in a successful turnaround. Establishing a plan to overcome the difficulties follows. If necessary, a team is assembled to implement the plan. The plan is then vigorously implemented with a concentrated focus on shareholder value.

As the North American economy slows down, the issue of crisis or turnaround management becomes more important. As Expert typically deals with corporations that do not have surplus assets and resources to weather any financial storm that erupts, he is adept at quickly selecting a team, if necessary, and developing strategies to pry the company out of serious financial situations.

Expert has frequently consulted with SBEs regarding the alternatives of financing various asset purchases (corporations, business units, capital assets) and new business initiatives.He has assisted management by taking over the role of CFO in special short-term assignments. These usually include mergers, acquisitions, or the sale of corporations.He has developed strategies and tactics, initiated new business thrusts (or rationalised old lines) and implemented proactive management plans to revitalise and rejuvenate "troubled" companies. Expert is extensively involved in the planning and preparation of compliance submissions (tax returns) to the appropriate revenue authorities.He is often asked to develop estate plans whereby corporate entities are restructured to accomodate certain predetermined ownership outcomes.

Education

Year Degree Subject Institution
Year: 1973 Degree: B.Com. Subject: Accounting/Finance Institution: Rhodes University, South Africa

Work History

Years Employer Title Department Responsibilities
Years: 1980 to Present Employer: Undisclosed Title: Owner Department: Undisclosed Responsibilities: Expert runs his own consultancy where he is responsible for all management, production, client relations and practice matters.
Years: 1979 to 1980 Employer: Undisclosed Title: Chief Financial Officer Department: Undisclosed Responsibilities: He worked on financing, troubleshooting franchisee financial problems, establishing strategic financial goals, liase with a United States franchisor.
Years: 1978 to 1979 Employer: Undisclosed Title: Audit Manager Department: Undisclosed Responsibilities: Expert reviewed client audit files, and worked on client relations as well as staff relations.
Years: 1974 to 1978 Employer: Undisclosed Title: Audit Staff Department: Undisclosed Responsibilities: His responsibilities were to prepare audit working paper files.

Career Accomplishments

Associations / Societies
Expert is a member of the Canadian Institute of Chartered Accountants (CICA), the Ontario Institute of Chartered Accountants (CA Ontario), and the Association of Independent Consultants (AIC).
Licenses / Certifications
Expert is a Chartered Accountant in Toronto, Canada.

Additional Experience

Training / Seminars
Expert frequently provides estate and investment planning seminars for insurance and stock brokers. The class is designed to provide their individual clients with strategies to minimize tax costs both currently and upon death.
Other Relevant Experience
Expert develops and maintains Cash Flow Models.
Cash Flow Models show:
- what financing is needed under a given profitability scenario
- the amount of sales necessary to maintain a certain level of financing
- the level of sales needed to achieve a certain profitability and
- graphically, the effect of changes in factors such as labor costs and material price on sales, prices and financing.

Fields of Expertise

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