GST HST - CRA Audit

EVENT DESCRIPTION

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SCHEDULE

To get the full experience of this live, interactive course we recommend you join five minutes prior to the scheduled starting time, and use a computer that has video and microphone capabilities.

NOTE: This course description has been revised and reflects updates for 2020. If you have any questions, please contact pdevents@cpaontario.ca

Formerly Titled: GST/HST - Preparing for an Audit

Being proactive is key to a successful GST/HST audit.

This live webinar provides a comprehensive review of a typical Canada Revenue Agency (CRA) audit from start to finish and discusses some of the common audit exposures creating assessments for taxpayers.

Designed for practitioners who work with sales taxes on a daily basis, this seminar will show you how to manage an audit, proactively prepare for future audits, and how to mitigate after-audit issues, including the assessment of penalties and the objection process. Participants will look at ways to minimize GST/HST exposures by using everyday examples from businesses of all sizes.

PREREQUISITE KNOWLEDGE

The prerequisite to this course is GST/HST - Fundamentals. Participants should have a good working knowledge of GST and HST rules.

KEY TAKEAWAYS

• Explain the importance of an audit and they types of audits
• Describe the audit process
• Describe a taxpayer’s responsibilities
• Identify most common audit exposures
• Overview of the audit - audit basics, types of audits, audit selection, audit lottery, audit period, standardized accounting, voluntary disclosures, and director’s liability
• Before the audit - proactivity and record retention
• During the audit - onsite audit communications, tips, and techniques as well as waivers
• Finalizing the audit - proposed assessment, wash transactions, information access, notice of assessment, interest, and penalties
• After the audit - notice of objection and notice of appeal
• Common audit exposures - updated laws, record keeping, meals and entertainment restriction, taxable benefit remittance requirement, expense reimbursements, non-collection of tax, supplies between related parties, real property purchases, misreporting of temporary recapture of input tax credits, and current tax rate

WHO WILL BENEFIT

CPAs, students, practitioners and other advisors who want a greater understanding of the common GST/HST audit exposures and the CRA audit process.

PRICING

Status: Registration closed on Jan 19, 2023

LOCATION

Online

SPEAKER(S) BIO

Dave Marcaccio, CPA, CGA is a Senior Manager in Grant Thornton’s Sales and Indirect Tax Practice. Dave is located in our Hamilton office, and works with the Sales Tax team to serve clients across Southwestern Ontario. Dave brings 26 years of experience in providing Indirect Tax services, first as an auditor with the Canada Revenue Agency for nine years, followed by seventeen years in public practice before joining Grant Thornton. Dave has worked with a wide-range of clients, including private companies, charities, public sector organizations, and First Nations, advising them on their Sales Tax obligations and opportunities. His services include technical advisory, compliance, tax recovery, audit defence, and dispute resolution. Working primarily with the federal GST/HST, Dave’s experience also includes the Quebec Sales Tax (QST), various provincial sales taxes, and Land Transfer Tax. Dave brings a friendly and knowledgeable approach in helping his clients in their dealings with the tax authorities, and is looking forward to continuing his career at Grant Thornton.