In an era of rapid legislative updates, international tax reform, and digital disruption, businesses are under more pressure than ever to get their tax strategy right. A recent NY Weekly article spotlights how SAV Associates is helping companies navigate these changes with clarity and confidence.
The cybersecurity landscape is evolving fast—are you ready for it?
A new report from SAV Associates projects global cybersecurity spending will reach a staggering $214 billion in 2024, reflecting both the growing threat environment and increasing regulatory demands. This explosive growth is being driven by major jumps in cloud security, data privacy, and infrastructure protection—and organizations of all sizes should take note.
Starting in Spring 2025, the CRA will switch to digital correspondence as the default for most businesses. Tax assessments, forms, and notices will be delivered through My Business Account instead of traditional mail.
SAV Associates Strengthens Cybersecurity with AI, IoT Security, and Remote Workforce Protection
The Canadian government has proposed an increase in the capital gains inclusion rate from 50% to 2/3, effective June 25, 2024. This change will apply to corporations, most trusts, and individuals with capital gains exceeding $250,000 in a given year. While this proposal is not yet law, the CRA has stated that it will administer tax filings based on these proposed changes.
Cyber threats are a growing concern for businesses of all sizes, but small businesses are particularly vulnerable. Many entrepreneurs assume that cybercriminals only target large corporations, but in reality, smaller enterprises are often seen as easier targets due to weaker security measures.
It’s that time of year again – tax season is upon us! In the coming weeks, Canadians across the country will be busy preparing to file their taxes for the 2024 year. Whether you’re an individual taxpayer or a business owner, filing taxes is an inevitable task, but it doesn’t have to be a stressful one.
As cyber threats continue to rise, protecting your business’s data and systems is more important than ever. Understanding how SOC, ISO, and cybersecurity measures intersect can help you implement effective security practices. Let’s break down how these elements can work together to safeguard your business.
Navigating the repayment of a CEBA loan can be challenging, but understanding the process and communicating with the CRA can alleviate some of the burden. Learn more.
We are proud to announce that SAV Associates has officially received accreditation from the Standards Council of Canada (SCC) for ISO/IEC 17021-1:2015 as part of the Management Systems Accreditation Program (MSAP).
Deciding when to start receiving your Canada Pension Plan (CPP) benefits is a crucial financial decision that can significantly impact your retirement income. Understanding the financial implications of these options is key to optimizing your retirement strategy.
Overcontributing to your TFSA can lead to significant penalties, and understanding how to avoid this trap is crucial for all account holders.
Ensuring that your receipts meet CRA standards is crucial to avoid potential issues during an audit.
The Canadian government has announced a significant measure aimed at putting more money in your pocket – a two-month Goods and Services Tax (GST)/Harmonized Sales Tax (HST) break on qualifying essentials.
Whether you are a homeowner, an investor, or a real estate professional, staying compliant with CRA regulations is more important than ever.
Understanding what to expect from a SOC 2 audit and how to prepare can significantly impact your organization’s compliance journey. Here’s a comprehensive guide to help you navigate the SOC 2 audit process effectively
Cybersecurity threats are evolving at an unprecedented pace. As businesses grow increasingly dependent on digital infrastructure, maintaining compliance with cybersecurity regulations is no longer a one-time effort but an ongoing process. This shift toward continuous compliance is crucial for protecting sensitive data, mitigating risks, and staying ahead of cyber threats.
In an era where cyber threats are increasingly sophisticated, safeguarding your business from data breaches and security incidents is more crucial than ever. While investing in advanced security technologies is essential, there’s another key component that often doesn’t get the attention it deserves: information security awareness training.
As startups scale, trust becomes a critical component of success, particularly in sectors dealing with sensitive customer data. One of the key frameworks that can help build that trust is SOC 2—a compliance standard for service organizations that handle data. But what is SOC 2, and why should startups care?
As we advance further into the digital age, the landscape of information security continues to evolve rapidly. With technology advancing at an unprecedented pace, businesses and individuals must stay vigilant and adaptable to emerging threats and trends. Looking ahead to 2025, several key trends are expected to shape the future of information security.
One effective way to ensure robust information security management is by adopting the ISO 27001 standard. This guide will provide you with a comprehensive overview of ISO 27001 and its benefits for businesses.
In today’s increasingly digital landscape, data security has become a top priority for businesses of all sizes. Whether you’re a small startup or a large enterprise, protecting sensitive information is crucial not only for maintaining trust with clients but also for meeting regulatory requirements. This is where SOC compliance comes into play.
Sanjay Chadha, partner at SAV Associates, has made contributions to the CPA Canada SOC 2 Guide 2024.
As the year comes to a close, both individuals and businesses can benefit from proactive tax planning. With the right strategies, you can minimize your tax liability and maximize your financial health. At SAV Associates, we understand the importance of being prepared, and we’re here to guide you through essential year-end tax planning tips that can help you achieve the best possible outcome.
SAV Associates has been honored as one of the Best Workplaces Managed by Women for 2024 by Great Place to Work® Canada. This recognition highlights the firm’s commitment to gender diversity and female leadership in the workplace.
SAV Associates has been recognized as one of the best workplaces in professional services for 2024 by Great Place to Work® Canada, marking the second consecutive year the firm has received this prestigious accolade.