Items to include – year end financial statement audit – tax figures:
The audit of income taxes is primarily substantively tested meaning that low (or no) audit reliance is placed on internal … Read more ➞
General
Beware of tax-risk knowledge gaps
Generally, there are two streams of personnel in tax departments: those with company or industry knowledge and less tax technical … Read more ➞
Tax Disclosure
Words have weight in the accounting world. We don’t necessarily associate financial verbiage with taxes so what does you income … Read more ➞
Tidbits on partnership withholding taxes
Withholding comes into play when either a Canadian makes a payment (falling under the scope of part XIII tax) to … Read more ➞
Change of Control
An acquisition or change of control (“AOC”) triggers a number of tax related events. In order to determine whether there … Read more ➞
How to pick your accountant!
Checklist to hire an accountant While many business owners may try to manage the books by themselves it’s often difficult … Read more ➞
Tax Audits – Travel & Entertainment Accounts
Common pitfalls of travel and entertainment accounts: One of the least written about issues is the dreaded tax audit although … Read more ➞
Internal Controls 101 for tax people
There is a lot of chatter about out there about frameworks and methodologies available for compliance with various regulatory requirements. … Read more ➞
Top Ten Tax Controls
At year end, external auditors heading into the tax department do not generally rely on internal controls to reduce testing; … Read more ➞
TPIR
Why your organization needs a Tax Plan Implementation Review (“TPIR”) A key control over income taxes should include any tax … Read more ➞
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