Income Tax - Administration and Risk Management (VO)
The seminar is designed to help professional advisors reduce their exposure to liability in their tax practices with a focus on the procedures and processes of practicing in the tax area.
Watch a qualified CPA instructor teaching the course and access a copy of the same course material that is provided to attendees of an in-person session.
After registering for a Video on Demand course, CPA Saskatchewan will send you information on how to access the course within 2 business days.
Click HERE for more information on Video-On-Demand courses
The course highlights areas where a better job could be done to protect practitioners from liability. In addition, the seminar will include a discussion of technical issues associated with the areas where CPA Professional Liability Plan Inc. claims experience show the greatest number and dollar value of claims. The seminar will also review the scheme of penalties and interest in the Act, the CRA’s current administration of those provisions, and the use of the Taxpayer Relief provisions to reduce the cost of penalties.
It is beyond the scope of this course to discuss all areas of risk a professional advisor may encounter.
WHO WILL BENEFIT:
Practitioners who want to obtain a better understanding of some of the areas of risk, and to new practitioners who may find the information useful in developing their tax services and to General practitioners and members in industry who are responsible for tax reporting compliance.
By the end of this course, participants will be able to identify areas where they may encounter risk in their tax practice including some suggestion for the management and administration of their practice.
||Estimated Hours; Total - 7