Increasing Risk of Being Selected for an Audit In our last blog we mentioned that it is no secret that the Canadian government and the CRA have recently been finding new ways to raise revenue. Recent news articles in the Globe and Mail have reported that the CRA has been devoting more resources into uncovering routine common filing errors made
Self-prepared returns are easy targets It is no secret that the Canadian government and the CRA have recently been finding new ways to raise revenue. In recent years, the CRA has devoted more resources towards identifying common filing errors in order to reassess additional taxes, interest and penalties to taxpayers. Statistically, the CRA is aware that tax returns prepared by
Determining the Need for Outside Controllership Services Your company’s business cycle likely tends to fluctuate according to seasonal demand, industry/supply chain dynamics, economic conditions, or a host of other variables, and your accounting department likely feels the strain of these cycles when they’re at their peak. Are you aware of the signs and symptoms that may indicate your business could
