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Summer 2022 Office Hours

Summer is just around the corner, and with that comes the start of Clearline’s summer hours. For the months of July and August, both of our office locations will be closed on Mondays. Our offices will be open regular business hours Tuesday through Friday from 9am to 5pm.


0 min read

How to Reduce Compliance Costs

What drives costs?What drives the cost of compliance services? The simple answer is time. The amount of time it takes to complete work for a client will fluctuate based on many factors, including the following: The complexity and volume of the overall business operations How organized and well documented the accounting information is…


9 min read

What to Expect in a Financial Statement Review

Wondering what happens during a financial statement review? To help you better understand the process, here’s a breakdown of the key steps. But first, here’s a quick overview of how reviews fit into the three levels of reporting we provide.Reviews vs. Audits and CompilationsReviews are the middle child when it…


4 min read

Accounting for Technology Costs

With significant investments in technology upgrades, remote access and cloud-based service arrangements, questions are arising as to how to best account for these types of costs.The Accounting Standards Board (AcSB) has released an exposure draft on accounting for cloud computing arrangements, with proposed accounting guidance and related disclosure requirements. Although these standards are…


3 min read

Canadian Credit Card Class Actions

If your business accepted payments via VISA and Mastercard between March 23, 2001 and September 2, 2021, you may be eligible to receive money from class actions settlements. A group called Credit Card Actions alleged in a class action lawsuit that Visa and Mastercard conspired with various Canadian banks to set the amount of interchange…


2 min read

Accounting for Holdbacks on Construction Billings

Holdbacks are amounts of progress billings that are not paid until specified payment conditions in the contract are satisfied, or until defects have been rectified.BC Builders Lien ActIn British Columbia, the Builders Lien Act (the “Act”) provides rights and imposes obligations on most of the parties within a construction project…


3 min read