Reduce risk in your practice with the tax risk management guide

The Tax Risk Management Guide will provide you with the valuable resources you need to help manage risk, avoid common pitfalls and improve your practice effectiveness.

Item # 99460 |  $189.00

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With 22 chapters of straightforward commentary, valuable guidance and time-saving practice aids, the Tax Risk Management Guide (formerly the Tax Practice Manual) will provide you with the valuable resources you need to help you manage risk, avoid common pitfalls and improve your practice effectiveness.

The Tax Risk Management Guide (TRMG) focuses on risk identification and mitigation for small to medium-sized tax practices. A unique resource on tax risk management, the TRMG identifies over 150 risk areas associated with different types of tax return preparation engagements, tax planning engagements and tax litigation engagements, as well as risks that stem from a firm's internal operations. The detailed explanations on where various risks reside, why they arise and how to effectively avoid them, supplemented with information on common areas of the malpractice insurance claims, make this guide a valuable risk and loss prevention tool for tax professionals who strive to achieve long-lasting success on their tax practice.

The TRMG includes:

  • deadlines, penalties, and self-assessment tools
  • tax service responsibility
  • links to important concepts
  • dealing with the CRA Appeals to Tax Court
  • researching tax law
  • taxpayer relief provisions, collections and third-party liability
  • Access to Information Act and Privacy Act
  • advance tax rulings and technical interpretations
  • tax return preparation and CRA electronic services
  • deceased taxpayers
  • remission, rectification and rescission orders
  • purchase and sale of a business
  • GST/HST issues
  • estate planning
  • taxation of trusts
  • taxation in the United States
  • share attributes
  • other areas of risk
  • Taxation of Non-Residents User Guide

Highlights

Gain practical organizational insights and learn from industry experts at this annual event for not-for-profit financial leaders.

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