How BC STATS Get it Right

Understanding Canada’s Private Sector:

We believe that BC STATS get it right.

A few things are immediately apparent:

  1. A recognition of the importance of the self-employed
  2. There is no category of medium business
  3. The cut-off between large and small business is much lower (a business with 50 employees is considered a LARGE business)

In our view businesses with 50 or more employees behave differently than their smaller cousins. Many of them are more committed to growth. They are more likely to rely on other people’s money. In any event they are qualitatively very different than smaller businesses.

They will have more resources and more sophisticated financial and accounting staff. The chart below was produced in 2015 from a marketing survey by WASP BARCODE TECHNOLOGIES. Clearly from their perspective as a supplier of inventory control technology, business size and the sophistication of financial and accounting staff is very relevant.

No.1 Concern for CPA Firms

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