The U.S. Foreign Account Tax Compliance Act: What You Need To Know

Lilly August 28, 2014

What Canadians Need To Know About the U.S. Foreign Account Tax Compliance Act In March 2010, the U.S. enacted the Foreign Account Tax Compliance Act (FATCA). FATCA requires non-U.S. financial institutions to report to the U.S. Internal Revenue Service (IRS) accounts held by U.S. taxpayers. Failure to comply with FATCA could subject a financial institution or its account holders to certain sanctions including special

Lack of Sophistication May Not Get You Off the Hook With CRA

Lilly July 10, 2014

Vancouver Tax Audit Services: the CRA’s Negligence Penalty The CTV news show W5 aired an episode on February 9, 2014 called Punitive Penalties about a program named the Fiscal Arbitrators where 1804 Canadian taxpayers paid thousands of dollars to be part of what they thought was a legal tax scheme. The scheme did not end well as the participating taxpayers were

Getting the Most Out of Your Professional Tax Advisor

Lilly September 3, 2013

One of the first questions I ask a new prospective client is “Why do you wish to switch tax advisors?” The most common complaint is that there is a lack of proactive tax planning from the current advisor. The second common complaint is late filing penalties and interest fees. More specifically, the taxpayer often complains that the current tax advisor has

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The U.S. Foreign Account Tax Compliance Act: What You Need To Know

Lack of Sophistication May Not Get You Off the Hook With CRA

Getting the Most Out of Your Professional Tax Advisor

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The U.S. Foreign Account Tax Compliance Act: What You Need To Know

Lack of Sophistication May Not Get You Off the Hook With CRA

Getting the Most Out of Your Professional Tax Advisor

Categories

Recent Posts

Find out how we can help you pump up your bottom line.

Find out how we can help you pump up your bottom line.

Contact Us

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We are your Vancouver Accounting Firm