Archives for October 2012
Are Adjusting Journal Entries Legally Binding?
If you are not familiar with accounting, adjusting entries are commonly made by accountants and bookkeepers to fix entries that were previously made with were incorrect or which adjusted the wrong accounts. For example, a payment by a business of a Visa bill might have included an airline and hotel… more »
About Thomas Fellhauer
Tom’s practice includes a wide range of tax law matters including tax planning, company law, corporate reorganizations, trusts, estate planning and succession planning for family businesses for clients. more »
Big Problems with Shareholder Benefits
Many small and medium sized businesses are incorporated. And most of those incorporated businesses are owned by one person, one family or a small group of owners. We call these closely-held private companies. When the Canada Revenue Agency audits a closely-held private company, they pay particular attention to transactions involving… more »
About Thomas Fellhauer
Tom’s practice includes a wide range of tax law matters including tax planning, company law, corporate reorganizations, trusts, estate planning and succession planning for family businesses for clients. more »