No More Sworn Testimony, But Audits Are Still Stress Inducing

“That” Phrase: it’s one no taxpayer wants to hear – digitally or otherwise. “You’re being audited.” If you’ve had to deliver that news you’ll know that the reaction can range from indignity to shock to panic. Based on the latest piece of legislation before Parliament, you might have to tell more of your clients to buckle up, it’s going to be a bumpy ride. CRA will now have greater powers. Consider this:

Despite the busyness of tax season, Knowledge Bureau Newsbooks took some time to celebrate Evelyn Jacks' bestselling 49th and 50th books with the home crowd in Winnipeg!

Tax mistakes? Brush your team up with the Personal Tax Refresher Workbook for 2012 returns. This 236-page Personal Tax Refresher workbook is a powerful resource, providing you with everything you need to know about what's new for the upcoming tax season and is an invaluable line-by-line guide. Order by Mar. 18 and receive $100 off!

The technical side of payroll, if done incorrectly, can cost the employer or the employee money, and incur penalties with the Canada Revenue Agency. Become a more astute compliance manager to ensure payroll is more than simply accurate.

Quickly determine your client's current tax picture with this powerful calculator so that you can structure future income sources with tax efficiency. Test it out with our FREE trial!

Over 700 respondents voted in the Knowledge Bureau Report Poll last month on whether they agreed with CRA’s policy to stop mass mailing paper tax returns, the largest response to a poll to date and also the one that swung the most from one side of an issue to the other. 

What does the next federal budget, widely expected to be announced sometime this month, have in store for Canadian taxpayers?