Entries from October 2007 ↓

Grant Thornton insists client remove Chairman, is removed as auditor

October 30th, 2007 · No Comments

Here’s an inter­esting story coming out of Dallas: Embattled multi-level marketing firm Mannatech has fired its independent auditor, Grant Thornton, after the auditor gave the company an ultimatum: Remove Chairman and founder Sam Caster from the company or find yourself another auditor. So they found themselves another auditor, BDO Seidman, and let Grant Thornton go. […]

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Category: Auditing
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How to read the Income Tax Act

October 29th, 2007 · 4 Comments

Continuing the new post series where I answer readers’ questions they’ve Googled to find my site, as logged by 103bees.com, the next one is sent chills down my spine: “How to read the Income Tax Act?” The last time I cracked open the Act, it was probably tax class in university. Once you’re done those classes, […]

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Category: Taxation
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IT audit training for me this week">IT audit training for me this week

October 28th, 2007 · 2 Comments

This week I have a small reprieve from my duties as auditor, as I’m taking part in a training course put on by the firm at the Hilton. The training is related to the internal Infor­mation Systems special­ization the firm offers, which will allow me to get more experience working with IS at clients and […]

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Category: Technology
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Capital gains exemption limit increased to $750,000

October 23rd, 2007 · 2 Comments

As of March 19, 2007, the capital gains exemption has been increased to $750,000 from its previous $500,000 limit. This means that if you haven’t already taken advantage of the tax preferred treatment of capital gains on qualified small business shares, you should do so while the getting’s good. If you have already maxed out […]

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Category: Asides
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EditGrid betas Excel plugin

October 22nd, 2007 · No Comments

From a reader comes news that EditGrid has launched a private beta for an Excel plugin for offline work on spread­sheets. Pretty cool, as Mashable explains: As there are several levels of integration, the whole of the integration is rather seamless — it takes no time to load sheets from EditGrid to Excel, and you […]

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Category: Technology
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