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January 28, 2010

At a Glance

Taxpayers' Ombudsman to Review CRA's Service to Small and Medium Enterprises

More on Accounting Standards for Private Enterprises

Institute Career Opportunity in Member Services Department
At a Glance

Taxpayers' Ombudsman to Review CRA's Service to Small and Medium Enterprises

The Office of the Taxpayers' Ombudsman has recently announced that they are launching a review of service and fairness systemic issues relating to the interactions between Small and Medium Enterprises (SME) and the Canada Revenue Agency (CRA).

SME owners and tax professionals who have experienced difficulty with the issues being reviewed, or any other service or fairness issue with regard to small business, are invited to share their experiences. Visit the Systemic Reviews section at www.taxpayersrights.gc.ca or call toll-free at 1-866-586-3839 to make a confidential submission. The deadline for submissions is February 19, 2010.

The focus of this review is to determine whether the CRA is providing professional service and fair treatment to SMEs. Specific issues identified to date relate to the following:

  • Payment misallocation (e.g. allocated to wrong year, account, etc.);
  • GST registration dates (e.g. inconsistent information regarding when a registration is effective);
  • Direct Deposit Form GST469 (e.g. delays in processing); and
  • Business Consent Form RC59 (e.g. delays in processing).

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More on Accounting Standards for Private Enterprises

Accounting standards for private enterprises are now available in Part II of the CICA Handbook-Accounting, which can be accessed on Knotia. To give you a head start in considering the impact of the new standards, answers to some of the questions received by member advisors can be viewed on the Institute's website. The CICA is also developing guidance to assist in implementing these new standards. Further information is available.

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Institute Career Opportunity in Member Services Department

A career opportunity exists with the ICAO for an Associate Director, Member Services. The Associate Director advises practitioners and members in various sectors on technical and ethical matters.

For more information on this and other opportunities, visit our CAreer Connection job site.

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