logo
Andersen Global Deepens Canadian Ties with Stratos Solutions Inc.

Andersen Global Deepens Canadian Ties with Stratos Solutions Inc.

National Post14-05-2025
Article content
SAN FRANCISCO — Andersen Global expands its Canadian platform through a Collaboration Agreement with Stratos Solutions Inc., a leading tax firm based in Ontario, Canada specializing in indirect tax, reverse audits, and overpayment recovery for complex organizations.
Article content
Article content
Founded in 2004 by former Arthur Andersen professionals, Stratos Solutions Inc. is led by Managing Partner Alnasir Gangji and brings over 70 years of combined partner experience in indirect tax and overpayment recovery services. The firm specializes in reverse audits across VAT, GST/HST, QST, PST, Canadian customs duties, government grants, and payroll tax programs. Stratos works with Fortune 500 companies and public sector entities, delivering measurable financial value through its proprietary Stratos Data Intelligence (SDI) platform—an advanced analytics engine powered by more than 170 algorithms designed to identify missed tax credits, refunds, and overpayments across complex ERP environments such as SAP, Oracle, and NetSuite.
Article content
'Through our collaboration with Andersen Global, we will be able to leverage a broader group of professionals to better support our clients,' said Alnasir. 'The expanded reach and enhanced access to global resources will allow us to provide more integrated and comprehensive solutions, both across Canada and internationally, strengthening our ability to meet the complex needs of our clients, and further solidifying our commitment to delivering best-in-class service.'
Article content
'Stratos Solutions Inc. brings a new dimension to our Canadian tax capabilities at a critical time,' said Mark L. Vorsatz, global chairman and CEO of Andersen. 'Founded by three former Arthur Andersen professionals with more than 70 years of combined experience, the firm exemplifies our core values through a client-centric, results-driven approach. Their specialized expertise enhances our ability to deliver seamless, cross-border solutions and further strengthens our presence in the region.'
Article content
Andersen Global is an international association of legally separate, independent member firms comprised of tax, legal, and valuation professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 20,000 professionals worldwide and a presence in over 500 locations through its member firms and collaborating firms.
Article content
Article content
Article content
Article content
Article content
Article content
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Harden welcomes Food Basics to Phase III of Plaza Hawkesbury
Harden welcomes Food Basics to Phase III of Plaza Hawkesbury

National Post

time9 minutes ago

  • National Post

Harden welcomes Food Basics to Phase III of Plaza Hawkesbury

HAWKESBURY, Ontario — Harden announces the grand opening of Food Basics, the first tenant of Plaza Hawkesbury – Phase III. This ± 32,000 sq. ft. supermarket, renowned for its competitive prices, opened its doors yesterday, offering the community of Hawkesbury and the surrounding area, a new and affordable quality shopping experience. Article content The expansion of Plaza Hawkesbury, located on Tupper Street at the intersection of County Road 17, adds 45,000 square feet of leasable area to the existing shopping center, already home to major tenants such as LCBO, Dollarama, Tim Hortons, Mark's, Winners, Sports Experts, Staples, and many others. Article content Article content Article content Phase III represents an investment of over $20 million and will also include another building. Approximately 9,000 square feet are still available, offering an exceptional opportunity for retailers and restaurateurs to establish themselves in the heart of a fast-growing sector. Article content 'The opening of Food Basics at Plaza Hawkesbury marks an important milestone for the Hawkesbury community and the region: offering residents a quality, affordable and sustainable option,' says Bill Harden, Harden's founder and Chairman. 'Thanks to the dedication of our employees, we delivered this project ahead of schedule and within budget, underscoring our commitment to serving our tenants and fostering growth in Hawkesbury; a town that is near and dear to our hearts. Thanks to Food Basics for choosing Hawkesbury and Harden for making this vision a reality.' Article content With nearly 170,000 sq. ft. of commercial space on an 800,000 sq. ft. site, Plaza Hawkesbury is one of the region's largest commercial hubs and plays a central role in strengthening the local economy. The site also benefits from the nearby presence of flagship stores such as Walmart and Canadian Tire, which generate a steady flow of traffic. Originally from Hawkesbury themselves, the members of the Harden family take pride in contributing to the area's vitality and appeal. Article content About Harden Article content Established in 1985, Harden is a second generation, family-owned real estate company whose primary focus is owning and operating commercial, residential, and industrial properties in many communities throughout the provinces of Quebec and Ontario. Vertically integrated, Harden specializes in all facets of the real estate development process, including, development, construction, leasing, and asset management. Article content Article content Article content Article content Contacts Article content

DesignRush Reveals the 7 Most Challenging U.S. Cities for Solo Businesses in 2025
DesignRush Reveals the 7 Most Challenging U.S. Cities for Solo Businesses in 2025

Globe and Mail

time9 minutes ago

  • Globe and Mail

DesignRush Reveals the 7 Most Challenging U.S. Cities for Solo Businesses in 2025

New report shows location remains a key factor in solo business profitability-even in a remote-first economy. New York, New York--(Newsfile Corp. - August 15, 2025) - A new report from DesignRush reveals the seven least profitable U.S. cities for solopreneurs in 2025, exposing where independent founders are most likely to operate at a loss despite the rise of solo work. America's Least Profitable Cities for Solo Businesses Ranked To view an enhanced version of this graphic, please visit: In some regions, solo founders are losing more than $7,000 annually after expenses. Using U.S. Census Bureau revenue data and Forbes' 2025 Cost of Living Index, the DesignRush Solopreneur Profitability Report analyzed 385 metro areas to pinpoint where solo businesses are struggling to stay financially afloat. The 7 U.S. Cities With the Highest Expense-to-Revenue Ratios for Solo Businesses in 2025 Seven Least Profitable U.S. Cities for Solo Businesses in 2025 To view an enhanced version of this graphic, please visit: 1. Elmira, NY Elmira ranks highest in the report, with an estimated -$7,796 average annual gap between solo business earnings and cost of living. The city has 4,339 nonemployer businesses. "We often hear that remote work has leveled the playing field for solo businesses. But this data shows why regional context still matters," said Gianluca Ferruggia, General Manager at DesignRush. 2. Hinesville, GA Solo founders here face an average income shortfall of -$6,594 per year. The city hosts 5,734 solo businesses. Living costs are estimated at 121% of average founder income. "This invaluable asset will serve as a wellspring of innovation and a cornerstone of growth for our community… It is not merely a building; it is a symbol of the city's commitment to fostering local talent." - Allen Brown, Mayor of Hinesville 3. El Centro, CA Solo workers in El Centro bring in $46,950/year, which sounds reasonable, until you learn that 113% of it is spent on living costs ($53,171). This means $6,221 in annual losses. With 10,887 solo founders, this is more than a niche issue. That's $67 million in collective losses every year across El Centro's self-employed workforce. Local reports say 1 in 3 founders is considering relocation citing high taxes, inflation, and lack of infrastructure. 4. Albany, GA The average solo business in Albany loses -6,033 per year, spending 118% of their income just to live. There are 14,323 solo founders in Albany. That's $86.4 million in aggregate solo revenue, but over $86 million in living costs, leaving almost no room for net gain at the city level. 5. Vallejo, CA Despite sitting near one of the world's most powerful innovation centers, solo founders in Vallejo are losing $5,805 annually. They earn a decent $47,366, but spend $53,171 just to live, or 112% of their income. "Despite proximity to the tech corridor, Vallejo's solo workforce is facing higher unemployment and declining contract opportunities" - Local Observer Daily 6. Amherst-Northampton, MA This metro area shows a -$5,020 gap between average solo income and living expenses. It has 14,070 solo-operated businesses. Many solo workers in the region depend on out-of-market clients to manage local cost pressures, according to local interviews. 7. Watertown-Fort Drum, NY Watertown ranked the seventh worst U.S. city for solo founders in 2025, as they lose $4,233 every year. There are just 6,098 solo businesses in the region, and nearly all remain dependent on Fort Drum. "Approximately 4,600 soldiers and military spouses transition out of Fort Drum each year," according to North Country Public Radio. Methodology The report uses U.S. Census Bureau data on nonemployer business revenue and Forbes' 2025 city-specific cost of living index to calculate the ratio of living costs to average solo business income. The analysis includes 385 metro areas across the U.S. About DesignRush is a B2B marketplace that connects businesses with agencies in branding, digital marketing, development, and consulting. Through original reports and strategic rankings, DesignRush helps businesses scale smarter.

Caterpillar, Deere count the costs of tariffs as soft demand limits pricing power
Caterpillar, Deere count the costs of tariffs as soft demand limits pricing power

CTV News

time9 minutes ago

  • CTV News

Caterpillar, Deere count the costs of tariffs as soft demand limits pricing power

Industrial machinery makers are being battered by steeper costs from U.S. President Donald Trump's sweeping tariffs, with sluggish demand and high interest rates leaving little room to pass those expenses onto customers. Caterpillar and Deere, both sector bellwethers, have flagged hefty tariff-related hits this year, most of which they expect to absorb in the coming months as policy shifts keep markets on edge. Global companies that reported between July 16 and Aug. 14 projected a combined financial hit of US$14.2 billion to $15.8 billion for the full year, the Reuters' tariff tracker shows. During their respective earnings calls, Caterpillar said tariffs on imported components and materials would weigh on margins, while Deere warned of higher costs for steel and other inputs critical to its agricultural and construction equipment. The new round of tariffs, part of Trump's expansive push to protect U.S. manufacturing and narrow trade deficits, covers a wide range of industrial goods and raw materials. Machinery makers are already contending with a soft demand environment, as an uncertain economic outlook and elevated borrowing costs prompt customers to delay large capital investments. Deere was not able to raise prices as much as expected in its construction and forestry unit, while price increases in its agriculture business were modest and a bit below forecasts, Edward Jones analyst Faisal Hersi said. That has made it harder to pass on rising expenses, a sharp contrast to the pandemic years when resilient farm incomes and robust infrastructure spending allowed equipment makers to offset supply chain disruptions with price hikes and shield their margins. Quarterly operating profit in Deere's construction & forestry unit roughly halved from last year, while Caterpillar's overall operating profit fell nearly 20 per cent. The tariff hit will be felt most in Deere's Small Ag & Turf and Construction & Forestry units, Jefferies analyst Stephen Volkmann said, with pricing moves only partially offsetting the blow. While the levies are designed to spur domestic production, they have raised concerns among manufacturers that rely on global supply chains. Deere expects just a one per cent price gain this year in its largest division, Production & Precision Agriculture, leaving little to cushion a hit from normal cost inflation. Caterpillar is facing as much as $1.5 billion in tariff-related costs in 2025, including $400 million to $500 million in the third quarter alone, but is keeping its revenue guidance slightly above 2024 levels. 'Currently, inventory destocking is the norm as demand cools, pressuring CAT and DE's ability to push through higher prices onto their customer base,' CFRA Research analyst Jonathan Sakraida said. On the demand side, Caterpillar is finding some relief in its Energy & Transportation unit, which supplies engines, turbines, and locomotives for industries from power generation to rail, with strength there helping offset weakness in its Construction Industries and Resource Industries segments. Deere, with its heavier reliance on the farm equipment market, has faced a sharper slowdown, with sales down nearly 18% so far this year. Caterpillar's power generation business, for instance, is avoiding deep discounts to clear inventory, while Deere is expected to take a more aggressive pricing stance in Brazil as those markets move into a recovery phase, Sakraida said. The world's largest farm equipment maker, which expects $600 million in tariff impacts this year - $100 million north of its prior expectation, has cut its annual profit forecast twice this year as slowing farm equipment sales weigh on results. (Reporting by Shivansh Tiwary and Nathan Gomes in Bengaluru; Editing by Anil D'Silva)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store