In a recent issue of Inside Internal Control, I discussed a report on why small and medium-sized businesses should take information technology strategy and planning seriously. Essentially, according to the Canadian Institute of Chartered Accountants, if you don't strategize your IT, you're probably wasting time and money just keeping up, when you could be using your resources to support your strategic business plan.
Well, I hope you didn't rush away after reading that piece and create and implement an IT strategy...
We last discussed British Columbia's and Ontario's transition to harmonized sales taxes in March, and now they're here. In fact, as you well know, they've been here for more than two months, and not everyone is happy about it. British Columbians in particular are angry, and have called for a referendum on the issue, which will take place next September. Ontarians have once again shown their stoic side as the government tells them what's best. While many have complained, no one has made a significant attempt to repeal the tax.
Established in 1995, First Reference Inc. (known as La Référence in Quebec) provides Canadian organizations of any size with practical and authoritative resources to help ensure compliance.