CRR Tax & Accounting

09/03/2026

Few decisions in life insurance matter more than who receives the benefit. The other details about how much, how long, and how it works are all possible factors in determining what is given to whom.

Choosing a beneficiary can be a deeply personal decision. It is also a powerful one.

Selecting your beneficiary can be a permanent decision if beneficiaries are designated as irrevocable. But many people don’t realize that deciding who benefits is not a set-it-and-forget-it step. It is something to look at over time to help make sure your policy matches your life.

Why would a beneficiary need to be changed? Because life sometimes has a way of surprising us when we least expect it. One way to help avoid unintended beneficiary outcomes is to review your beneficiaries annually.

What might an annual review look like? And what topics could you cover? Let’s dive in.

Gather information. Collect current policy and financial documents. This could help you understand how your beneficiaries are currently designated and what your life insurance policy includes. This can also help remind you whether you designated your beneficiaries as revocable or irrevocable beneficiaries.

What has changed? This is an important question to ask yourself. Life experiences such as divorce, the death of the beneficiary, or children reaching maturity are all important considerations. If there were a divorce, it’s a good idea to talk to your divorce attorney to understand how your state laws or your divorce decree may affect your policy.

Are the right people listed? If nothing has changed, you might decide to keep your beneficiary designations. If you simply want to change things based on personal preference, you might update your policy.

Do the percentages total 100 percent? It isn’t uncommon to have multiple beneficiaries. If this is the case, make sure the math works and that the total given matches the full amount. For example, Beneficiary A receiving 40 percent and Beneficiary B receiving 55 percent still leaves 5 percent with nowhere to go. A few missing percentages could be problematic.

Do you have contingent beneficiaries? If your primary beneficiary passes before you and no backup is listed, the benefit may go back to your estate. Having contingent, or backup, beneficiaries can help ensure your wishes are documented.

A real-world example. Suppose a client purchased a life insurance policy in his twenties and named his sister as the beneficiary. Years later, he was married with two children, but never thought to update his original life policy. This could cause issues if he were to pass unexpectedly, especially if he assumed the policy benefits would go to his wife.

We hope you find these questions helpful as you prepare for a more detailed conversation with us.

08/08/2026

The job market has changed. Have you?

A few years ago, a strong resume and solid experience were enough to keep you competitive. Today, that's not the whole story anymore.

AI is reshaping how work gets done — across marketing, finance, engineering, HR, and beyond. The professionals who are thriving right now aren't necessarily the most experienced. They're the ones who kept learning.

Here's what I've noticed:
→ Roles are evolving faster than job descriptions can keep up
→ Companies are prioritizing candidates who can work alongside AI tools, not just around them
→ "I'll learn it when I need to" is quietly becoming a career risk
→ The half-life of technical skills keeps shrinking

This isn't about becoming a data scientist overnight. It's about staying curious and adaptable:
✅ Understand what AI tools can (and can't) do in your field
✅ Spend an hour a week learning something new — a tool, a concept, a workflow
✅ Follow people and communities pushing the edge of your industry
✅ Treat upskilling as part of your job, not an extra task on top of it

In a market where roles are being redefined, the biggest advantage isn't what you already know — it's how quickly you can learn what's next.

Continuous learning isn't a buzzword anymore. It's a career strategy.

What's one skill you're actively building right now? Let's share ideas in the comments. 👇

07/17/2026

🚀 AI Is Reshaping Finance & Accounting — And the Shift Is Just Getting Started

A few years ago, "automation" in finance meant spreadsheet macros and basic bots handling repetitive data entry. Today, AI is doing something far more transformative: it's changing how finance and accounting professionals think, decide, and add value.

Here's why this matters right now:

📊 From Bookkeeping to Insight
AI can now reconcile accounts, flag anomalies, and process invoices in seconds — work that used to take hours. That's not just efficiency. It frees professionals to focus on what actually moves the business forward: strategy, forecasting, and advising leadership.

🔍 Smarter Risk & Fraud Detection
Machine learning models can spot unusual transaction patterns in real time, long before a human reviewer would notice. In an era of increasingly sophisticated financial fraud, this isn't a nice-to-have — it's becoming essential.

📈 Forecasting That Actually Adapts
Traditional financial models are static. AI-powered forecasting continuously learns from new data, market shifts, and business changes — giving finance teams a living, breathing view of what's ahead instead of a snapshot that's outdated the moment it's built.

💡 Elevating the Role of Finance Professionals
The accountants and analysts who thrive won't be the ones who resist AI — they'll be the ones who use it to ask better questions, interpret results critically, and bring judgment that no algorithm can replace. Technical skill still matters. But curiosity, adaptability, and strategic thinking now matter just as much.

The bottom line: AI isn't replacing finance and accounting professionals. It's raising the bar for what "adding value" looks like.

The question isn't whether AI belongs in finance — it's how quickly your team is learning to work alongside it.

How is your organization approaching AI in finance? I'd love to hear what's working (and what isn't) in the comments. 👇

02/16/2025

Tax season is coming!

Personal tax filing starts Feb 24, 2025.

Contact us for any tax services.

01/25/2025

Get your finances in order with CRR Tax & Accounting Inc! 📊 From tax returns to bookkeeping, we've got you covered. Let our experts handle your payroll processing and help you find tax-saving investments. With our personalized services, you can focus on growing your business while we take care of the numbers.

Contact us today to secure your financial future!

03/24/2024

Get your finances in order with CRR Tax & Accounting Inc! 📊 From tax returns to bookkeeping, we've got you covered. Let our experts handle your payroll processing and help you find tax-saving investments. With our personalized services, you can focus on growing your business while we take care of the numbers. Contact us today to secure your financial future!

03/02/2024

Tax & Accounting services to help you manage your finances and stay compliant. Experienced professionals to handle your taxes, bookkeeping, and financial planning. Contact us for expert advice and personalized solutions!
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07/22/2023

Moving to foreign countries can be challenging and may take some time to settle in terms of career for most regulated professional fields like Accounting & Finance. Many of new immigrants including me, might have experienced this situation and might have disappointed with many recruiters rejecting profiles due to lack of Canadian experience, even for more experienced professionals in their home country. Many of us might have wondered why such experience is asked even though the basic accounting process is same everywhere (except few accounting standards and tax laws).

One best way to overcome this is by convincing the recruiters that we can adapt easily to the different work culture, the different or additional accounting standards, if any and tax laws. We should be able to inform that we have at least the basic knowledge of different accounting and tax laws and it would take just few days time to put that additional knowledge along with prior home country experience in the new country corporate work environment. Having passion and patience to continuously learn, search and get the right opportunity is the key when immigrating to a new country on such regulated professional fields.

CRR Tax & Accounting Inc., started few years ago and growing with decent increase in clients, with the support of additional team members each year.
Our passion is to share knowledge to as many as possible.

From now, we are committed to support the new immigrants in sharing the knowledge to overcome the above situation, which was experienced by most new immigrants, including me. We are planning to provide opportunity to new immigrants, especially in the tax season, to gain that so called Canadian experience, which could help them to gain knowledge and practical experience, to get better opportunities in future.

Our team would hope to start with few and gradually increase such opportunities in future. Anyone willing to provide any suggestions on our new commitment would be appreciated.

New immigrants or existing immigrants can contact us, if interested, for adding to our team either for long term or for initial experience or for any suggestions in job search or for sharing knowledge.

01/14/2023