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Welcome!

Welcome to the September 2024 edition of the ThinkTalk Newsletter, presented by Think Accounting! We hope you have had a great summer and are ready to kick off a strong Q4!

In this edition, we bring you the latest trends in the accounting world, insightful articles, inspirational quotes, and resources to keep you ahead in your financial game.

FROM THE THINK TEAM

INSPIRATION
“The ‘good life’ begins when you stop wanting a better one.”

— Nkosiphambili E. Molapis

This quote reminds us of the importance of it is to be happy with what we already have. When we stop always wanting more, we can start enjoying life as it is right now.

ARTICLES

1. Taxpayer blames $500K misstep on accountant, but CRA doesn’t bite

Beware that you are still ultimately responsible for making sure your taxes are done currently if you hire an accountant to do them

2. Video: Top 10 Probate Questions Answered

Mark Walhout posted a video discussing the answers to some of the most common probate and estate planning questions including the benefits of probate, when probate is mandatory, dealing with estates without going through probate, different probate rules by province, and some examples of both good and bad estate planning.

3. Complex tax rules harm small businesses, industry orgs argue

Industry associations are calling on the government to review the Canadian tax regime, arguing that increasingly complicated tax rules are discouraging entrepreneurship and hampering growth.

4. Amazon launches a powerful new generative AI-based selling assistant codenamed Project Amelia

Project Amelia provides sellers with an all-in-one, generative AI-based selling expert that is always available to immediately provide sellers with the answers, advice, and tools they need to succeed.

5. The Intelligence Age - a blog post by Sam Altman

Check out this insightful blog post by Sam Altman on the advancements in artificial intelligence and how it's shaping the future. Learn about the key challenges and opportunities AI presents, and why it's critical to stay informed as this technology rapidly evolves.

KNOWLEDGE
Wisdom & Book Notes

This month, we dive into "Rest" by Alex Soojung-Kim Pang, a helpful guide toachieving peak performance by emphasizing the importance of deliberate rest and recovery. The book challenges the conventional idea of constant productivity and highlights the essential role rest plays in long-term success.

Key Takeaways

• Rest is a Skill: Rest isn’t just the absence of work—it’s an active skill that can be cultivated for greater creativity and productivity. Incorporating structured rest into your day can enhance cognitive function and overall well-being.

• Deliberate Rest for High Achievers: Successful people don’t just work hard, they rest smart. Taking intentional breaks allows for mental recovery, leading to sustained productivity and higher-quality work.

PHOTO OF THE MONTH

Thank you for reading. See you in the next edition!

By Think Team 🙏

A Big Thank You To This Edition’s Sponsors!

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