Category: Uncategorized

GST and Donation issues for Charities

GST and Donation issues for Charities

We have a number of Charity clients who are GST registered.  The number one issue we have to deal with for these clients is sorting out what income streams should be subject to GST.  Just because you are a Charity doesn’t mean that all your income is exempt from...
Charity Begins at Home

Charity Begins at Home

Rules around tax breaks for charitable donations have undergone a lot of change in recent years.  With the introduction of the Charities Act and the removal of the restrictions on deductions/credits for charitable giving the landscape is now quite different than it...
Charity Audit & Accounting Requirements

Charity Audit & Accounting Requirements

Currently, there is no requirement for a charity to have it’s accounts prepared to any standard (such as Generally Accepted Accounting Principles) or audited by an Accountant.  While many do have an audit, it is mainly due to a requirement in their rules, or to...
Keeping a Mileage Log Book

Keeping a Mileage Log Book

Keeping a log of your motor vehicle mileage is an important (and often overlooked) aspect of your record keeping.  In this article I will give you some pointers on how to properly maintain the required records.  The requirements and issues are different for each of...
Entertaining Expenses

Entertaining Expenses

Sometime we get a client’s list of expenses from the year and it just makes us laugh!  There are things listed that clearly are not business expenses.  Quite often there are things that are borderline, and there are always things that are simply unclear.  In this...
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