Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
CPAs in public practice who assist clients with income tax compliance and plans find that even routine matters can have complexities, alternatives, and uncertainties.
The simplest matters can involve various issues and ambiguities, even in the field of accounting. Those who assist clients with income tax compliance and plans find that routine matters can entail complexities, alternatives, and uncertainties.
This course identifies income tax matters that practitioners frequently encounter and demonstrates howincome tax rules apply in everyday situations. In order to enhance the practicality of the course, the course presents topics as practical issues rather than technical details. After providing general background information for each issue, the course emphasizes opportunities, problems, suggestions, and plans for each topic.
This course provides an opportunity for practitioners, who routinely deal with income tax, to focus on issues they frequently encounter. Many participants take this course on an annual basis because the content relates directly to client situations and timely topics are added each year.
Topics Include:
- Taxation for select sources of income — including active business income, small business deduction, employees vs. contractors, personal services businesses, and investment income.
- Remuneration issues — including salary vs. dividends, bonuses payable, and family member income splitting.
- Expenses and assets with personal and business elements — including meals and entertainment, automobiles, and taxable benefits.
- Shareholder benefits and loans issues — including debit balances.
- Timely and topical practical matters.
- Newsworthy and notable information — including recent developments.
- Challenging ethical situations encountered in tax practice.
NOTE: This course description has been revised and reflects updates for 2024. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- December 4, 2024, 1:00 p.m. - 5:00 p.m
- December 5, 2024, 1:00 p.m. - 5:00 p.m
Key Takeaways
By the end of this course, participants will be able to:
- Evaluate and characterize sources of income and develop remuneration strategies.
- Recognize, assess, and advise on shareholder benefit and loan problems.
- Identify best practices for expenses/assets with personal and business elements.
- Discover newsy and notable recent income tax developments.
- Analyze ethical considerations related to providing tax services to clients.
Who Will Benefit
While all tax professionals, whether seasoned or new, will gain new insights from this course, this course particularly targets practitioners who deal with small and medium-sized owner-managed businesses. Practitioners, transitioning to take on more owner-manager planning responsibilities, will find the course to be a valuable training resource.
Prerequisite(s)
Participants enrolling in this course should possess general corporate and personal income tax knowledge.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Michelle Causton, FCPA, FCGA, MBA is a professional speaker, educator and trainer. Her goal is to help individuals achieve personal success by strengthening both technical and communication skills. Michelle uses a practical approach gained from many years of experience in public practice and teaching at the post-secondary level. She is a member of the Canadian Association of Professional Speakers (CAPS).