Accounting and Taxes Thread

[TheIronMaiden]

Hypothetically, If I sell hay, get paid cash, and give a person a receipt. How do I declare that money without having to deposit it?

[Locke]

Originally Posted by TheIronMaiden

Hypothetically, If I sell hay, get paid cash, and give a person a receipt. How do I declare that money without having to deposit it?

So you want to declare the cash but not put it in the bank? On your Tax Return just include it under a Farming schedule.

[TheIronMaiden]

Originally Posted by Locke

So you want to declare the cash but not put it in the bank? On your Tax Return just include it under a Farming schedule.

Well I'd rather not declare the cash, but I gave a recipts, which would imply that I should declare the cash so the CRA doesnt try to #### my ass

[Locke]

Originally Posted by TheIronMaiden

Well I'd rather not declare the cash, but I gave a recipts, which would imply that I should declare the cash so the CRA doesnt try to #### my ass

Theres lots of ways to do it in order to make your life easier. It depends on how much it is and a myriad of other factors in terms of selling 'hay.'

[calf]

For anyone who is a CPA, any personal experience with the CPA Insurance Plan West? I've been shopping around and they have significant savings from my current insurer and other places I've received quotes from. Curious if there's a catch in terms of coverage/exclusions Ilm not seeing, poor service, etc?

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[Mr.Coffee]

Awesome how when the government owes you money they can take a year or more to pay you but when you owe them…

Such a joke. Hire more ####ing people if you can’t run your tax system properly.

[Shazam]

Damn, it took them almost six months for them to give me my tiny tax refund back.

They hired more people. They're just not very productive.

[Fuzz]

I'm going on month 9, and all they need to do is figure out how the concept of dates work. For instance, if the slip says 2022, you don't auto-match it to a 2023 tax return, particularly when that slip is already entered in 2022, the year it is designated for.


I got a notice my reassessment application had reached someones desk, and a day later that it got escalated, so I guess this is a fairly complex issue requiring multiple agents to understand. Those years are tricky, what with them being whole numbers and all. Expecting at least another 6 months before I get my money back, if ever.

[Locke]

And you guys want these people to do your Tax Returns for you...