Filomena is an Assurance & Advisory Partner at BGD. She is a Chartered Professional Accountant with over 20 years’ experience, servicing clients across a range of industries, such as consumer packaged foods, construction & real estate, manufacturing, mining, retail and professionals.

Her diversified and extensive experience includes leading projects at a national Canadian grocery and retail chain in the implementation of SAP, business processes, internal controls and procedures and advisory services to a variety of businesses.

Filomena is an active member of the Toronto and Mississauga Board of Trade, the Brazil-Canada Chamber of Commerce, the Federation of Portuguese-Canadian Business Professionals and Women in Mining Association.

Area of Expertise:

  • Corporate Reporting
  • Audits & Reviews
  • Internal Control Assessments
  • Performance Measurements
  • Financial Projections and Forecasts

Industry Experience:

  • Engineering & Construction
  • Media & Entertainment
  • Mining & Metals
  • Real Estate
  • Restaurant and Food Services

Articles

2017 Federal Budget Eliminates WIP Deduction for Professionals

As many of you may be aware, it is common practice for designated professionals (accountants, lawyers, doctors, dentists, etc.) to deduct their work in progress (“WIP”) in the calculation of taxable income. This implies that in general, all labour related costs with work not invoiced yet will be deducted for the purpose of taxable income. However, no associated revenue will be recognized, perhaps until the following year or so, when it is eventually invoiced.

Should you incorporate your small business?

This is a difficult decision that many small business owners face at the start of their business or when they experience early growth. “When is the right time to incorporate and what does this mean? And if not, how should I structure my business?” Well, first you need to know the different structures a business […]