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HomeMy WebLinkAboutThe Citizen, 1985-12-18, Page 18CANADIAN AGRA C.A. DATA INC. ACCOUNTING, TAXES, BUSINESS CONSULTING, BUSINESS PLANNING, ESTATE PLANNING C.A. DATA INC. is anew Wingham, Ontario based company ready to help you run the financial side ofyour business, making it as easy as I 2 3: What You Need 1. Accounting Accounting is the art of measuring business activities. In this dayand age, no business can get along without keeping some sort of accounting records. The businessman himself, his associates, insurance agents, bankers, prospective creditors and purchas- ers all might wish to know where the business was, is and will be going. 2. Taxes Nobody likes them, yet they seem to affect everybody's lives. No major business decision can be made without considering its potential tax effect. With the complexity of the tax laws, are you prepared to "face the government" alone? What We Provide 1. Accounting With our powerful computer and our knowledgeable staff, we will provide you with a monthly "bookkeeping" service and will be ready to prepare annual financial statements or such other interim reports as and when they are required. 2. Taxes Your annual income tax return (s) and such monthly reporting as you may be required to make for payroll or sales tax purposes will be handled for you under the supervision of experienced tax specialists to whom minimizing your taxes is "second nature". Special tax/estate planning for you or your family is available and we will, of course, be rightat your side in any dispute with the tax authorities. 3. Business Consulting 3. Business Consulting Running a successful business requires much more than knowledge of accounting and taxes. First and foremost your practical knowledge of your particular business is required. However, there will be instances where you would wish to draw on the expertise of professional business consultants with their specialized knowledge and resources. Forfurt her information, please contact us at: CANADIAN AGRA DATA INC 221 Josephine Street, Wingham, Ontario NOG 2W0 Tel: 519-357-3660 Telex: 069 55289 C. A. Data Inc. is a division ofCanadian Agra Holdings Inc. Financial management is our strength. If you need budgets, cash flow projections, if you want to negotiate a bank loan or are thinking of taking advantage of profitable business opportunities, you can count on usto help you with our independent expert advice. Bankers want to deal with farmers on a one to one basis without being told to do so by government legislation. Representatives of three finan- cial institutions, Canadian Imperi- al Bank of Commerce (CIBC), Farm Credit Corporation (FCC), and the Royal Bank, squared off with about 15 members of the Huron County federation of agri- culture on Dec. 5. Snow and other agriculture meetings reduced the number in attendance. The informal discussion be- tween the two sides took the form of the federation's monthly meeting which was held at Hensall public school. The debt review board and a possible farm credit arrangement act were the two main items discussed. The three representatives said they and their firms are willing to work with farmers on an individual basis to come to a satisfactory solution on financial matters. " I'm hearing from all three of you, a willingness to consider deals," commented federation director Maria Van Bommell of RR 1, Dashwood. She went on, "Why are banks opposed to debt restruc- turing legislation?" "We don't want legislation telling us we have to write down loans. It wasn't the government that told you had to come in and borrow money," said Steve Fraser of the Royal Bank in Clinton. George Spence of Walkerton, district manager for the Farm Credit Corporation said he person- ally is not in favor of legislating farm credit arrangements. "We still prefer to deal with each situation individually," said John Harris of the CIBC in London. " We still feel we can work a solution out." Ms. Van Bommel noted that farm credit arrangement legisla- tion wouldn't necessarily require financial institutions to write down a loan. A judge, she says, would make the final decision after both the farmer and creditor have agreed to go that route. She also criticized the FCC's current mora- torium on farm foreclosures. "What is the Farm Credit Corporation doing - saving face over Christmas?" asked Ms. Van Bommel. Spence also said he isn't happy Soil study started The Maitland Valley Conserva- tion Authority has started work on a soil movement study of the South Maitland River and its tributaries in McKillop Township. Past studies in Hullett Township on soil erosion and water quality Problems have shown that some farms have more of a problem with soil erosion than others. Peg and Daniela have visited a number of individual landowners in McKillop to get information for the study including: when the land is plowed, implements used, crop rotations, windbreak locations. manure storage and type of farming operation. If the study indicates a soil erosion or water quality problem on a farm, the Maitland Valley Conservation Authority will act as a catalyst to determine a source of funding or technical assistance to alleviate the problem. The Mini- stries of Environment, Agriculture and Food and Natural Resources all have grant structures in effect for various erosion and water quality problems. The response from landowners in McKillop Township has been positive. All have asked to see the results of the study. These land- owners are aware that their farming techniques can make a difference, a difference in the quality of our soil and water resources. with the moratorium. As far as he knows, no program has been developed to handle the debt problems once the moratorium period is over. "The FCC moratorium - what is it doing?" The interest clock is still ticking on. It's like a referee blowing a whistle while the two sides calm down," said the federation director. Spence a- greed. The Farm Credit corporation's district manager spent some time discussing the debt review board of which he was a part. "It's hard, for the limited numbers we had, to know how successful it was," said Spence. He said 85 farmers in Grey and Bruce Counties applied for the review and only 23 were granted hearings. From the hearing stage, four cases went on to the creditors, said the district manager. How- ever, Spence said the debt review board did not carry on until the end as it should have. He said not all members of the board could agree on all points in preparing a report on the review board. Spence and others on the board feeling the same way, wrote a separate report. "We couldn't always get cases heard. There were some real organization problems," said Spence. In thanking the panel members, federation member Chris Palmer of RR 5, Wingham commented that low commmodity prices are at the root of the farmers' problems. Residents of Auburn & Londesboro Re Holiday Garbage Pick-up Wednesday, Dec. 25th garbage will be picked up TUESDAY, DEC. 24th Wednesday, Jan. 1st garbage will be picked up TUESDAY, DEC. 31st Merry Christmas Happy New Year Chamney Sanitation Ltd. PAGE 18. THE CITIZEN, WEDNESDAY, DECEMBER 18, 1985. Federation discusses financial problems with bankers BRUSSELS TRANSPORT LTD. Safe Dependable Trucking Service GeorgeJutzi 887-6122 Brussels