Course: Best Tax Practices for the General Practitioner

Topics Include:

  • The difference between tax avoidance and tax evasion
  • Tax issues that get accountants sued
  • Corporate attribution - a lawsuit waiting to happen
  • Rectification
  • The GAAR and penalties
  • When to report a potential claim to your insurance carrier
  • Complex tax advice
  • Aggressive tax advice
  • Backdating
  • Differences between tax attributes and financial statement data
  • Journal entries and tax planning
  • Dividends and deficits
  • Dividends, deemed dividends and "safe" income - recent developments
  • Potential loss of the capital dividend account
  • Doing business in another sophisticated tax jurisdiction
  • Notices of objection versus adjustment requests
  • Keeping current
  • Interpretation bulletins, technical interpretations and advance rulings
  • Engagement letters