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Virtual CE Summit

September 23, 2021

Audit Defence: Managing Risk, Compiling Financial Statements, GST & Payroll

Enrolment deadline: September 23, 2021

Everything is Included for a Full
Professional Training Experience

  • Part 1: The virtual instructor-led session on September 23. Attend and earn 10 CE Credits. Recordings available after as part of the online course, until June 28
  • Part 2: Knowledge Bureau’s online course available September 24 - completion date is October 28 Earn 20 CE/CPD credits
  • Certification and accreditation

WHO SHOULD ATTEND?

This online course and live CE Summit is ideal for training new and returning staff working in independent tax filing firms,

CPAs in public practice, financial services firms, public trustees, legal assistants, municipal officers, payroll and software companies who employ staff involved with Retirement and Estate Planning.

The Live Virtual session will also put advisors in touch with a national
network of like-minded professionals.

WHY ATTEND?

Our Attendees Say It Best!

“Very interesting and up to date information. I am sure that ANYONE taking this course would be able to take away something meaningful. “- Kassandra Klassen

“Loved the fact this was a virtual seminar! I found all of the speakers chosen for
this seminar to be very well informed, they were qualified professionals which
made it an absolute pleasure hearing them speak.” - Dipak Ranchod




Detailed Agenda

(Come back often as new details are released)

Audit Defence: Managing Risk in Compiling Financial Statements, GST & Payroll

September 23, 2021

9:00 AM CST

Log into Zoom: Virtual Welcome

9:15 - 9:45 AM

Evelyn Jacks

MFA™, RWM™, DFA-Tax Services Specialist, MFA-P™

SESSION 1: TAX COMPLIANCE ISSUES- PERSONAL, CORPORATE, GST AND PAYROLL

It’s officially tax audit season. Learn the latest tax news for personal and corporate tax filers from a compliance point of view and drill down on the key audit triggers for 2019, 2020 and 2021. The object: planning for tax efficiency – after taking into account and managing the risk of CRA audits. Different forms of remuneration can make a big difference in how employers contribute to the overall financial health of their employees and ultimately help them build financial peace of mind. Learn more about the most tax-astute ways to manage salaries or wages, advances or bonuses, commissions, reimbursements, work-at-home costs, retiring allowance, severance pay, sick pay, as well as tax free and taxable benefits.

9:45 - 10:30 AM

SESSION 2: NEW RULES: COMPILING FINANCIAL STATEMENTS

New financial statement compilation rules required by banks and in particular, Notice to Reader requirements, are making life expensive for business owners and affecting the work public accountants and bookkeepers do. Learn more about the changes coming to financial statement preparation and reporting

10:30 - 10:45 AM

BREAK

10:45 - 11:30 AM

Susan Watkin

SESSION 3: INTRODUCTION TO GST FILING REQUIREMENTS FOR BUSINESS PROFILES

CRA is cross-referencing filings between personal, corporate, payroll and GST remittances. It’s important that they are all prepared with precision across such a vast and complex environment of tax rules. Learn how to prepare GST-compliant remittances relating to new home purchasers, contractors, small retailers, agricultural enterprises and the hospitality industry including new rules for bed and breakfasts and Airbnb ventures.

11:30 - 12:30 PM

Susan Watkin

SESSION 4: GST FOR NON-PROFITS AND CHARITIES

Learn more about the reporting nuances for the not-for-profit sector and how to record the transactions that are unique to this sector and the special provisions of the GST as it applies to the not-for-profit sector and how these affect the accounts.

12:30 - 1:00 PM

LUNCH BREAK

1:00 - 1:30 PM

SESSION 5: TECHNOLOGY CASE STUDY-Tips and Traps in Processing Payroll

1:30 - 2:30 PM

Jenifer Bartman

SESSION 6: FORECASTING FOR BUSINESS GROWTH AND TRANSITION.

What are the steps that an accounting department can take to have the necessary financial records and results on hand in advance of a business transition? Get a good understanding of the due diligence process, what buyers and sellers need, and how to achieve a managed result. In this informative session, learn how to support a business leader prior to, during, and after a transition and gain an understanding of the strategic mindset so often displayed by business leaders. You’ll come to understand how the accounting function can take steps to add value, in both day-to-day operations and times of transition.

2:30 - 2:45 PM

BREAK

2:45 - 3:25 PM

Jenifer Bartman

SESSION 7: SALE OF A BUSINESS

Understand the broad issues that a business must address in assessing the desirability of an acquisition. Identify the elements of a business that a buyer would typically need to examine to gain an understanding of the potential results of a business purchase including: what does a buyer look for in evaluating a potential acquisition? How does a buyer assess whether a potential acquisition is a good fit? What key business areas are typically important to most buyers?

3:25 - 3:30 PM

CLOSING REMARKS

I have attended a few in person/Virtual Summits and always find the take-away extremely valuable! I felt this one was particularly important to attend, due to all the special circumstances arising out of 2020. The presenters did a fantastic job! I both learned important information and was reminded of things that will be important in the coming months! Awesome job! - Carla Pierce