Archive for July, 2009
Bookkeeping & Taxation Services
Bookkeeping & Taxation Services Payroll, accounts receivable & accounts payable, and preparation of financial statements are just some of the day to day bookkeeping services that can be provided by Finlay & Associates. Accounts Receivable Management We will process invoices, handle cash receipts, prepare and mail monthly statements and provide you with [...]
Read Full Post | Make a Comment ( 1 so far )Fraud Risk Review
Fraud Prevention - ”Fraud is disease that needs to be eradicated from all levels of the organization, if not we all suffer.” Fraud risk review All the evidence suggests that your organization is more at risk to an incidence of fraud than ever before. According to the Association of Certified Fraud Examiners 2008 Report to the [...]
Read Full Post | Make a Comment ( None so far )TAX-FREE SAVINGS ACCOUNT – NAMING A SUCCESSOR HOLDER
By now, most of us have heard of the Tax-Free Savings Account (TFSA) which was introduced in the February 26, 2008 Federal Budget. It is a registered account in which investment earnings, including capital gains, accumulate tax free. Beginning in January 2009, taxpayers over the age of 17 may contribute up to $5,000 each year [...]
Read Full Post | Make a Comment ( 1 so far )IT’S A GOOD TIME TO REVIEW CORPORATE OWNER MANAGER COMPENSATION
It’s half time, and that’s a good time to review the income requirements of the owner-manager you may be working for. How should you begin this process? Here are some tips to consider: First, in determining the optimum income plan, each individual family member’s total income and type will be critical. It is important to [...]
Read Full Post | Make a Comment ( 1 so far )HRTC – A FAMILY-BASED CREDIT
On July 13, 2009 The Honourable Jean-Pierre Blackburn, Minister of National Revenue and Minister of State (Agriculture and Agri-Food) announced the official launch of a new national advertising campaign for the popular new Home Renovation Tax Credit (HRTC) introduced in the 2009 Federal budget. This credit is a one-time, time limited one, however, which means [...]
Read Full Post | Make a Comment ( 2 so far )Tips to Avoid Online Auction Fraud
While most buyers and sellers on internet auction sites are honest, there is always the threat of underlying fraud. Auction sites have had instances of sellers posting pictures of items for sale, only to include in extremely small print that buyers are only bidding for the photo rather than the item itself. When the photo [...]
Read Full Post | Make a Comment ( 1 so far )Canadian man admits to fraud in Manville Superfund site cleanup
NEWARK — A former executive of a Canadian company that disposes of contaminated soil has pleaded guilty in a fraud scheme related to the cleanup of a New Jersey Superfund site. The U.S. Justice Department announced today that Robert P. Griffiths of Toronto, Canada, admitted he inflated prices he charged to a prime contractor and [...]
Read Full Post | Make a Comment ( None so far )Charities Face Greater Threat From Ponzi Schemes Than Lost Investments
The Country Music Hall of Fame received a valuable addition to its permanent collection when a mandolin and guitar used by legendary musicians Maybelle Carter and Bill Monroe were donated by an ostensibly successful businessman. But when the donor was accused of operating a Ponzi scheme and a bankruptcy trustee was appointed, the gift became [...]
Read Full Post | Make a Comment ( None so far )KNOW YOUR TAXPAYER RIGHTS
The CRA has issued a news release advising all taxpayers that there are opportunities for recourse available if they aren’t in agreement wiith assessment notices received from the Agency. The Canadian tax system is based on self assessment and voluntary compliance. It is also a system which strives for fairness and equity. In fact, taxpayer’s [...]
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