Tag: tax compliance
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The Psychology of Tax Season: Why Smart People Make Bad Decisions at Tax Time
Every year during tax season I see something fascinating. Some of the smartest people I know suddenly start making surprisingly questionable decisions about their own tax returns. Consider a familiar situation. A business owner who carefully reviews contracts all year long sits down to finish their tax return on April 29. The receipts are incomplete.…
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Hiring a Tax Professional Doesn’t Transfer Responsibility
Hiring a tax professional is wise. Assuming it transfers responsibility is not. A Notice of Assessment is not approval—and your return is still yours.
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The Bare Trust Debacle
Canada’s expanded trust reporting rules were introduced with good intentions — transparency and accountability. But their application captured far more everyday arrangements than expected, leaving many Canadians confused and concerned. Here’s what happened, what changed, and why most people shouldn’t panic.
BZMind 