tag:blogger.com,1999:blog-4402283548766807872.post2084814648203677213..comments2024-03-29T02:47:49.234-04:00Comments on The Blunt Bean Counter: Confessions of a Tax Season Accountant - Late T-slips and Reporting the Sale of Your Principal ResidenceThe Blunt Bean Counterhttp://www.blogger.com/profile/11358868550072516313noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4402283548766807872.post-50675800378363305822018-08-06T08:58:09.753-04:002018-08-06T08:58:09.753-04:00Hi Anon
Most lawyers have notice to reader financ...Hi Anon<br /><br />Most lawyers have notice to reader financial statements prepared. For NTR's I have seen the trust account and liability reported and also not reported, depending upon the accountant. For a review or audit, they are reported.The Blunt Bean Counterhttps://www.blogger.com/profile/11358868550072516313noreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-81748293329197413972018-08-02T12:45:54.387-04:002018-08-02T12:45:54.387-04:00Hi,
I have a general question about lawyers finan...Hi,<br /><br />I have a general question about lawyers financial statements reporting requirements. Most of lawyers have trust account. How important it is to report trust account in balance sheet as an asset and a liability of the same amount? or we can omit it from financial statement?<br /><br />Thanks,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-88105634513944248312018-04-09T21:30:41.335-04:002018-04-09T21:30:41.335-04:00Hi JJ
I have never had that question. I honestly ...Hi JJ<br /><br />I have never had that question. I honestly don't know if the CRA would let you amend the designation or not. My gut feel is no, but I am not certain. Sorry cant help.The Blunt Bean Counterhttps://www.blogger.com/profile/11358868550072516313noreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-74106958498810827292018-04-09T09:30:22.967-04:002018-04-09T09:30:22.967-04:00BBC,
Is there any recourse to undesignate? ie if ...BBC, <br />Is there any recourse to undesignate? ie if you designated years to a house, but realized that it would have been more beneficial to designate to a cottage, can you reverse/adjust this designation after you have already filed in 2016?JJhttps://www.blogger.com/profile/17323822887467458188noreply@blogger.com