In this session, we will review two areas where bookkeepers can have a significant impact on a corporation's income tax return and CRA audit. This will include looking at the common differences between the accounting and tax treatment of income and expenses, and how bookkeepers can help to "audit-proof" financial records.

Learning Objectives:

Know the important tax deadlines so they do not get missed.

• Know the most common differences between the accounting and tax treatment of income and expenses so that these items cannd/or be recorded and/or highlighted appropriately.
• Have a basic understanding of what the CRA looks for when conducting an audit.
• Know what you, as a bookkeeper, can do to help ensure your client's financial records are as "audit-proof" as possible.