We are excited to announce that our firm is actively seeking a Senior Accountant to join our team in our Red Deer office. For further details, and to apply for this position if you are qualified, please see the detailed information at this link: https://pivotalcpa.bamboohr.com/careers/59
The term “audit” is often intimidating, especially when you are going through the process for the first time. However, if you work closely with your auditor and plan ahead, the process can be smooth and non-intrusive.
Steps to prepare for your audit:
1. Set out a realistic schedule
When you are preparing for your first audit you need to set out a realistic schedule. The process does require a time commitment, especially in the first year. You will need to set aside time for pre-work, which will include the preparation of the documents that the auditor has requested. Next, you will need to be available for the auditor’s questions during their field work. Finally, there will be additional follow-up questions and meetings. Being aware of the time commitment and setting up a schedule will help with making the process run smoothly.
2. Have a pre-audit meeting with the auditor
Pre-audit meetings are crucial to allow the auditor to fully understand the business, including the policies and procedures that are in place. This meeting is also a great time to sit down and go over the required documents to ensure that you are aware of what the auditor is looking for. Finally, this meeting provides an opportunity to outline everyone’s expectations to ensure that all parties are on the same page.
3. During the field work
In order to have your fieldwork over with quickly, it is best to have the requested documents prepared in advance, and available prior to the auditor’s arrival. This avoids any inefficiencies of having to wait for requested documents. During the fieldwork you will also need to be available for any questions that the auditor may have. Assuming that the documents are prepared this shouldn’t be too time consuming.
4. Ask questions
As auditors we are aware that this is your first time being audited and available to answer any questions. If you have questions be sure to ask, we are here to help.
A first-time audit can be very frightening, however if you are aware of process and expectation it can be non-intrusive and over before you know it!
Our firm is seeking candidates to join our team starting in September 2024 as a CPA Articling Student. If you will be entering the CPA Professional Education Program (PEP) and would like to be considered for this opportunity, please see all the details at the following link: https://pivotalcpa.bamboohr.com/careers/56
If you are an accounting major in year two or three of your post secondary business program, we invite you to consider a co-op work term with our firm! You may find all the details and submit your resume at the following link: https://pivotalcpa.bamboohr.com/careers/57
Are you an accounting student who would like to join our firm for the summer months of May - August 2024? If so, please see the following link to register your interest: https://pivotalcpa.bamboohr.com/careers/58
On March 28, 2023, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2023 – A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future, to the House of Commons. Please see the following document for the complete details: 2023 Federal Budget Commentary
Should a Balance Owing need to be paid to CRA after your personal taxes have been prepared, there are four options available from which you may choose your one preference:
Option 1: Pay online or by phone using a Canadian financial institution's services.
Option 2: Pay online at canada.ca/cra-my-payment.
Option 3: Pay online by setting up a pre-authorized debit agreement at canada.ca/my-cra-account.
Option 4: Pay in person with your remittance voucher at your Canadian financial institution or, for a fee, at a Canada Post retail outlet (cash or debit only). Please request your personalized remittance voucher from our office should you wish to use this option. It contains a QR code with all the information required to pay in person at one of these locations.
For more information on how to make a payment, go to canada.ca/payments.
Tax Season Office Hours: In addition to our regular office hours of 8:00am - 5:00pm, Monday to Friday, our office will be open extended hours during the month of April 2023.
April 15 (Saturday): Open 10:00am - 2:00pm
April 17-21 (Monday to Friday): Open an additional hour until 6:00pm
April 22 (Saturday): Open 10:00am - 2:00pm
April 24-28 (Monday to Friday): Open an additional hour until 6:00pm
April 29 (Saturday): Open 10:00am - 2:00pm
Please also note that our office will be CLOSED on Friday, April 7 for Good Friday. It will also be CLOSED on Friday, May 5 to give our team a well deserved rest after a busy tax season!