KeatsConnelly Cross-Border Weekly Best of the Web 2014-4-4

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets. This week we offer a mix of articles discussing Canada’s rich, tax tips and high speed trading.

Canada’s rich getting richer (www.advisor.ca) While politicians in Ottawa still can’t decide who is in the middle class, a new analysis suggests wealth is increasingly gravitating to the very top. The report by the left-leaning Canadian Centre for Policy Alternatives shows that the country’s 86 richest individuals and families — or 0.002% of the total population — are getting exponentially richer and now have accumulated as much wealth as the country’s poorest 11.4 million..

Eight tips for entrepreneurs to make next tax season less stressful (http://business.financialpost.com) Most small business owners are not tax experts, and that’s OK. Their focus is on their business, not on tax rules and regulations. As a result, tax time can be full of panic and stress as business owners scramble to get receipts together to meet deadlines and avoid penalties. There are costs associated with doing taxes yourself, likely a combination of increased expense for the last minute help of a professional tax expert, forfeiting deductions, additional stress, and most importantly, time taken away from the business…

U.S. probing high-speedtrading, Attorney General says (www.theglobeandmail.com) The U.S. Justice Department is investigating high-speed trading for possible insider trading, Attorney General Eric Holder told lawmakers on Friday. The disclosure comes the same week that securities regulators and the FBI also confirmed they are looking into potential wrongdoing by high-frequency stock traders…

Come back next week for more interesting news and articles. Enjoy your weekend!

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The Border Guide
Now available in its 11th edition, The Border Guide has sold over 80,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.
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