Question
Discuss accounting issues and implications for JJI: Notice of Reassessment JJI has received a Notice of Reassessment from the CRA for the 2018 fiscal year.
Discuss accounting issues and implications for JJI:
Notice of Reassessment
JJI has received a Notice of Reassessment from the CRA for the 2018 fiscal year. The CRA is disputing $100,000 of repairs and maintenance expenses to JJIs building and has reassessed them as improvements to the building.
In addition to the additional taxes payable, the reassessment includes arrears interest. Tim disagrees that the amounts are betterments and would like to know what the implications are to JJI, as well as what steps to take to address the reassessment.
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Don T Be Afraid Of Accounting Learn The Basics Of Financial Accounting And Be On Your Way To Greater Success
Authors: Brad Horton
1st Edition
1708221611, 978-1708221614
