Blog Catalog Blog Directory

Bateman Bill Giving Public Access to School Audits Clears Senate

Thu, 10 Dec 2009 16:08:47 -0600

Senator Christopher (Kip) Bateman, R-District 16, said he is pleased that the Senate unanimously passed his legislation requiring that state agencies release any report resulting from a school district audit with 30 days of completion. “When ta

Cost accountants may not be treated at par with chartered Accountants

Fri, 04 Dec 2009 20:30:41 -0600

Officials at Icwai have been lobbying the government to include cost accountants under the definition accountant as defined in the subsection 2 of Section 288 of the Income-tax Act. The finance ministry has ignored calls by cost accountants that...

ISAlliance Delivers Cyber Security Report

Thu, 03 Dec 2009 11:06:24 -0600

By Anthony M. Freed, Information-Security-Resources.com Managing Editor The Internet Security Alliance held a luncheon at the National Press Club today to unveil their much anticipated recommendations to Congress and the Obama Administration regardin

Hazards of the IRS Audit by Mail

Wed, 02 Dec 2009 14:15:54 -0600

The IRS' Audit by Mail program has come under fire recently. This is due to complaints about tax returns documents mishandled or not received by the correct personnel in the IRS resulting in extra taxes levied where there should not be. A gov

IRS Audit Logic

Wed, 02 Dec 2009 10:54:03 -0600

The GAO, a federal inspection agency, recently found that IRS audits of sole proprietors yields less revenue per hour than IRS audits of other entities. This is because sole proprietors generally have lower gross receipts than other entities, such

Are You Coding Your Chiropractic Adjustments Incorrectly? New Coding Clarification!

Mon, 30 Nov 2009 22:00:36 -0600

The October 2009 edition of the CPT Assistant featured some clarification on chiropractic coding issues specific to coding for Chiropractic Manipulative Treatment, both Spinal (98940-98942) and Extraspinal (98943). In addition to spelling out what

Audit the Fed – Amendment to a $200 billion bill frightens currency traders!

Fri, 20 Nov 2009 06:20:35 -0600

Chuck Butler, regular analyst at The Daily Reckoning, offers an analysis of why the ‘Audit the Fed’ amendment to a $200 billion deficit plan spooked the currencies markets this week. Chuck Butler (The Daily Reckoning): As I checked the

ATTENTION: Critical Vote on Audit the Fed Today!

Thu, 19 Nov 2009 08:51:35 -0600

http://www.ronpaul.com/2009-11-19/critical-vote-on-audit-the-fed-today/ A few weeks ago, the Campaign for Liberty sent out an alert that Representative Mel Watt was attempting to water down HR 1207 in the House Financial Services Committee. The lates

ISAlliance: Cyber Security is Economic Issue

Wed, 18 Nov 2009 22:09:33 -0600

By Anthony M. Freed, Information-Security-Resources.com Managing Editor Internet Security Alliance President Larry Clinton joined several other prominent information security advocates to provide testimony before the Senate Judiciary Subcommittee on

Innovative Analytic Tool Empowers Investors

Tue, 17 Nov 2009 18:20:54 -0600

By Anthony M. Freed, Information-Security-Resources.com Managing Editor An innovative new investor analytic tool made its public debut today, and it offers an exciting look at what may well be the future of online trading for both market experts and

ISAlliance to Testify for Senate Judiciary

Mon, 16 Nov 2009 11:34:05 -0600

From The Internet Security Alliance Media Alert: Internet Security Alliance President to Testify at U.S. Senate Judiciary Subcommittee Hearing At 10:00AM on Tuesday morning, November 17, 2009, Internet Security Alliance (ISA) President Larry Clinto

How to Get Caught Using Zappers

Sat, 14 Nov 2009 17:39:54 -0600

This post concerns the use of zappers in restaurant operations. It is not a “how to” guide in their “proper” use, nor is it, in any way, an endorsement of their use. In fact, if you are even thinking of employing a zapper

Restaurant Tax Fraud – Then and Now

Sat, 14 Nov 2009 15:51:28 -0600

Recently, we’ve begun to hear a lot more about tax evasion in the restaurant industry. More specifically, we’re talking about technologically-assisted tax fraud, using zappers or phantom-ware. It made the news, again this past week, w

ISAlliance To Release Cyber Security Report

Wed, 11 Nov 2009 11:49:14 -0600

From The Internet Security Alliance Who: The Internet Security Alliance (ISA) What: The ISA will release a new cybersecurity report, which proposes frameworks for taking key issues in the Obama Administration’s “Cyberspace Policy Review” docume

It’s Going to get a Whole Lot Worse!

Tue, 10 Nov 2009 14:58:04 -0600

I don’t want to scare you, but I feel it is my duty as a fellow restaurateur and as an accountant. After reading this headline, many of you will think this blog entry is going to be about the economy and how it will affect your restaurant bus

Zapper Update

Mon, 09 Nov 2009 08:11:03 -0600

Today’s Toronto Star ran an article about restaurants hiding cash income. You can find it here: Restaurant probe finds $40M in ‘phantom’ sales. Until recently, most detective work surrounding the use of zappers had been focused

Auditproofing – Average Costs

Fri, 06 Nov 2009 09:58:53 -0600

So far, I’ve discussed the POS system and how to maintain it for accurate reporting, how to document your sales mix for all audit periods, and the importance of maintaining an accurate history of your menu prices. Taken together, these bookk

The necissity of Lodge audits

Fri, 06 Nov 2009 05:41:51 -0600

It may come as no surprise to many of you but I, being a techie person, do use Twitter. Surprise, surprise!!! Many people ask me why I use twitter. For the longest time I couldn’t figure it out. I enjoy it and learn from it but I couldn&#

Auditproofing – Tracking Menu Changes

Thu, 05 Nov 2009 11:38:51 -0600

As a restaurateur, you probably have a general idea how your menus and prices have changed over the last few years. Unfortunately, only having a “general idea” can land you in a big pot of trouble when your restaurant is audited. Th

Auditproofing – Know Your Mix

Wed, 04 Nov 2009 23:11:27 -0600

This is the second post in the series on auditproofing your restaurant from an unfair audit. Most restaurants and bars with weak internal controls (almost all independent establishments), will be audited by the Canada Revenue Agency (CRA) or a prov

Auditproofing – POS Housecleaning

Wed, 04 Nov 2009 14:35:41 -0600

Today’s posting is the first in a series of articles about “auditproofing” your restaurant. By this, I mean taking proactive steps to help ensure that your restaurant or bar is not unfairly reassessed for sales and income taxes w

Top Five Financial Sector Security Threats

Tue, 03 Nov 2009 20:17:40 -0600

By Kevin M. Nixon, Information Security Resources Security Editor It is usual and customary during the 4th Quarter of any year, to think about the potential threats to our financial institutions and corporations, in an effort to get ahead of the cur

Conducting farm audits

Tue, 03 Nov 2009 14:27:18 -0600

I'm often asked what's involved in carrying out audits on farms or other regional businesses. There's a whole heap of questions tangled up there because it totally depends what the audit or inspection is for and who requires it to be undert

Answers to Common Chiropractic Medicare Problems

Mon, 02 Nov 2009 22:00:52 -0600

In my last article on The Perennial Problem of Medicare for Chiropractors, I offered to respond to some common questions and dilemmas that you have been experiencing in regards to Medicare and your chiropractic practice. Since the blog was posted

Excellent Business Accountants Look For Soft Facts

Sun, 01 Nov 2009 04:28:13 -0600

The type of small business accountant you should be looking for is one who wants to know what’s important to you and your businesses future, not just what you’ve done in the past. Does that describe your business accountant or do you anti

Internet Security Alliance November Events

Thu, 29 Oct 2009 18:39:28 -0500

From The Internet Security Alliance November 2009 Calendar of Events All times listed EASTERN Monday, November 2 at 5:00pm: IT Sector Coordinating Council Executive Committee Conference Call. The Information Technology Sector Coordinating Council

Restaurant Audit Assumptions

Tue, 27 Oct 2009 17:43:23 -0500

When the auditor arrives to audit your bar or restaurant, he or she will review your internal controls to ensure the accuracy and completeness of your recorded sales and the taxes thereon. If the documentation is not available to determine that app

Now is the Time to Protect Your Restaurant from a Sales Tax Audit

Tue, 27 Oct 2009 13:00:02 -0500

If you have been following the posts on this site (and several others on the internet), you know that your restaurant or bar business faces a serious risk when it is audited by CRA or the provincial auditors. In most cases, your licenced business w

The Perennial Problem of Medicare for Chiropractors

Mon, 26 Oct 2009 23:00:15 -0500

Here are some answers to the questions that many of you ask in hushed tones before or after my seminars or behind the veil of an email. Most are in respect to the perennial challenges chiropractors face on one topic: Medicare. Please sit down and

How Much is Too Much?

Fri, 23 Oct 2009 17:33:34 -0500

This post concerns customer comps or promotional drinks served by restaurants and bars. The issue is: how much is too much? Most restaurants and bars offer promotional drinks to their customers from time to time. Sometimes it is to acknowledge