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:Featured Course: Debt & Cash Flow Management
Earn 30 CE Credits with this self-study, online course designed especially for financial advisors who want to specialize in helping clients develop strong personal net worth statements by managing debt and establishing a savings process.
Lessons learned at DAC Day 1: Taking our bearings
The global economy is on the road to recovery. In fact, said veteran economist Patricia Croft, a speaker at the opening day of the Distinguished Advisor Conference in Naples, Fla., we are half way there.
Lesson learned Day 2: Charting our course
Sailing in uncharted waters means taking new approaches and speakers at Day 2 of the Distinguished Advisor Conference advocated a collaborative approach.
Evelyn Jacks: “Fiscal cliff” has immediate implications
The U.S. is fast approaching its “fiscal cliff” and how it resolves that challenge has implications for Canada and the world.
The law determines judges’ decisions
A recent Tax Court of Canada (TCC) decision shows that, despite personal feelings of sympathy, judges must follow the letter of the law.
Tax preparers and filing electronically
As of January 2013, tax preparers who receive payment to prepare more than 10 income tax returns in a year will be required to file those returns electronically.
