Would A Pickup Truck By Any Name Be As Depreciable?

This case should be of interest to business owners that use their vehicles for business purposes. In the Alberta oil-patch, there is no shortage of businesses that use vehicles routinely. Dealing with CRA audits in this area can be very frustrating since the CRA will often take a hard line position when assessing business vs.…

TaxCycle 1.32 update adds new GST summary, saving print settings, and much more...

by Elizabeth (Trilogy Software) on Thursday, February 28, 2013 12:00 PM The TaxCycle 1.32 update addresses user feedback received over the last week. This includes numerous fixes, a new GST summary, and the ability to save print settings and more: GST/HST credit calculations and forms A new GSTCredit worksheet provides an estimate of the 2013-14 GST/HST credit. (Trillium credit calculations…

DoxCycle Update: Post T4A(P) and Royal Bank T5 slips

by Elizabeth (Trilogy Software) on Thursday, February 28, 2013 10:00 AM This DoxCycle update improves posting slip data to TaxCycle and ProFile® software and a few other enhancements. Updates and Fixes Post T4A(P) slip data from DoxCycle to your tax software has been fixed. DoxCycle now recognizes and extracts data from a new Royal Bank T5 slip layout. The percentage is now correctly extracted…

IRS appeals decision striking down tax return preparer registration program

BY SALLY P. SCHREIBER, J.D. FEBRUARY 25, 2013 The IRS on Wednesday filed a Notice of Appeal to the United States Court of Appeals for the District of Columbia Circuit of the Jan. 18 district court decision that struck down the IRS’s registered tax return preparer program and enjoined it from enforcing the regulations (Loving,…

CGA Newfoundland and Labrador announces positive vote results

March 1, 2013 On February 27, 2013, the Certified General Accountants Association of Newfoundland and Labrador released the results of its member survey that ran between January 24th and February 4th, 2013. The results indicate that 92% of the respondents are in favour of the CGA NL Board’s proposal to merge with CMA NL and…