RLB Blog

Being transparent is important, regardless if you’re a for-profit or not-for-profit organization (NPO). Communicating your goals to your key stakeholders is essential to the organization’s success. Here are 4 tips summarized from Charity Village that will help you measure and improve communication to your stakeholders.

News of an audit can be stressful to any organization, even to those who are diligent in complying with the Income Tax Act. While some audits are the result of targeted reviews of particular activities, some are simply due to random selection. In any case, if your charity has received a letter for an audit, below are some steps to take to give you the best chance towards a positive outcome:

If recent media attention, a job offer, travel plans to the U.S., or a new investment opportunity has you concerned about your U.S. personal tax filing requirements, you are not alone. Our U.S. tax team frequently gets asked this question.

Many charities and not-for-profit organizations (NPO) face the choice of which legal structure to use, whether they are constituted as a trust, an unincorporated association, or a corporation. When hearing the word “corporation”, many people think of for-profit businesses, but did you know that corporations can also be in the form of non-share capital corporations (NSCC), which are used for not-for-profit organizations and registered charities?

On December 22, 2017, President Trump signed into law H.R. 1 (originally known as the “Tax Cuts and Jobs Act”). Included are some of the most extensive changes to the US tax reform in years, discussed below.

Accounting standards for review engagements have been established and utilized for over 25 years. However, the current set of standards in use for review engagements is set to change for entities with financial statement dates ending December 14, 2017 or later. In order to better align Canadian financial statements with international standards, enabling better, more consistent reporting domestically and abroad, our governing bodies have taken steps to expand the review standards to fit better with International Standard on Review Engagements (ISRE). The result is the new Canadian Standard on Review Engagements (CSRE 2400).

For nearly two decades, KidsAbility has provided life-changing therapy and support services to children and youth with special needs in Guelph. With referrals to our programs increasing year after year, we realized that we didn’t have enough space in our existing facilities to meet the demand from local families. As a result, we decided to create a new Guelph Hub to provide all of our services under one roof.