Category: Business News

Is Your Practice Fraudulently Billing?

Most of our clients would obviously answer ‘no’, however, some providers are submitting bills incorrectly and could be subjecting themselves to hefty fines.

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Recently, a Florida Cardiology group and 10 of its physicians agreed to pay $2 million to settle False Claims Act allegations.

According to the settlement, the group submitted inflated claims to Medicare and Medicaid and billed for services while they were outside of the United States.

Whistleblowers

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Indigo’s ‘cybersecurity incident’ stretches into third day as the website is still offline

Indigo Books & Music Inc. is dealing with what it calls a “cybersecurity incident” that has affected customer orders in-store and online.

It started at the Toronto-based retailer on Wednesday. As of Friday afternoon, Indigo’s website was still offline.

“We are working with third-party experts to investigate and resolve the situation,” the company said in a message posted on its website.

“Our hope is to have our systems back online as soon as possible.”

Indigo says it can’t process electronic payments, accept gift cards or deal with returns. But at one location in Toronto on Friday, the store was able

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Asian Shares Advance As Investors Await US Inflation Data

Asian stocks rose on Tuesday, the dollar slipped, and Treasury bond yields remained pressured as investors remained convinced that key US inflation data due later in the day would show an easing in price pressures on an annual basis.

Gold edged higher in Asian trading on dollar weakness while oil prices dropped around 1 percent after the US government announced it would release more crude from its Strategic Petroleum Reserve (SPR) at a time when US crude markets are flush with supply.

Chinese shares eked out modest gains after reports that US Secretary of State Antony Blinken is considering meeting

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Toronto home sales forecast to fall to levels not seen in two decades

TREB also predicts prices will rise this year, but will still be lower than in 2022

A real estate sign outside a home in Toronto.
A real estate sign outside a home in Toronto. Photo by Peter J. Thompson/National Post

Home sales in the Greater Toronto Area (GTA) will decline to their lowest level since 2001 this year despite a rebound in the second half, according to annual forecast from the Toronto Regional Real Estate Board (TRREB).

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Bed Bath & Beyond Canada is going out of business, closing 54 stores

Bed Bath & Beyond’s Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to stave off a US bankruptcy.

The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on the consultancy website Alvarez & Marsal showed. Alvarez & Marsal has been appointed as a monitor of the business in the Canadian court case.

The Canadian business does not have the “capacity or ability to independently effect a recapitalization or restructuring of the Canadian operations without

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The IRS tells 21 states how to handle last year’s special payments

After much outside criticism, the Internal Revenue Service basically told taxpayers in most — but not all — states that they do not need to report income from special state tax refunds or payments on their 2022 federal income tax returns.

Tens of millions of taxpayers in 21 states — not including Michigan — were told a week earlier to hold off filing their federal income tax returns until the IRS could give guidance. The IRS gave such guidance late Friday — and taxpayers should be able to move forward.

The National Taxpayer Advocate issued a highly critical blog Thursday

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Immigration increase alone won’t fix the labor market, experts say – Business News

Experts say Canada’s plan to increase immigration may ease some pressures in the labor market, but bigger changes are needed to ensure new permanent residents are matched with the jobs that most need filling.

With the unemployment rate at historic lows, many companies are “starved” for workers, and new immigrants will help fill some of the need, said Ravi Jain, principal at Jain Immigration Law and co-founder of the Canadian Immigration Lawyers Association.

The federal government’s new immigration plan calls for the admission of 1.45 million more new permanent residents over the next three years, beginning

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How Can I Protect My Children in Estate Planning?

Many of our clients have concerns related to their children when planning estates. Concerns can range from making sure they are taken care of financially, choosing appropriate guardians, and more.

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Some of our clients biggest concerns are:

  1. I don’t want my child to blow all the money they inherit right away. We always tell clients the best way to ruin a great kid is by giving them tons of money.
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