Klayman & Company
Quick Links






 
Articles




Office Location
150 Ferrand Dr
Suite 1502

Toronto, ON
M3C 3E5

Telephone:
(416) 499-9884 

Fax:
(416) 499-0868

 

Business Matters 

VOLUME 29, ISSUE 1, February 2015

 

Download Your Copy of "Business Matters"
PDF  
Click here to Download  

 

In This Issue:

Technology: Thumbs Up!
Maneysaver: In the Event of...
Management:  Move It

Sincerely,
 
Ronald Klayman
Klayman & Company Chartered Accountants

Income Tax Fraud      

Income Tax Fraud

Make sure you hire the right person or company to prepare your income tax return.


 

According to the Canada Revenue Agency (CRA), 28 million people file income tax returns each year and of that number, 50% use tax preparers. Tax preparers can register with the CRA to use EFILE to transmit the completed return through an encryption technology that instantly acknowledges the tax return has been received.


 

So, what could possibly go wrong for the taxpayer? Unfortunately, not all tax preparers are honest. And, these less-than-honest ones take advantage of the fact that prospective clients believe the tax preparer:

  • is an expert and will prepare the return better than they are able to do it themselves
  • will find ways to get the maximum refund

Read Taxation:
 Income Tax Fraud

Klayman & Company, Chartered Accountants © 2014 - Internet Solutions by Conscious Commerce