In a uniquely challenging year for business owners and their advisors, the Chartered Institute of Management Accountants (CIMA) requested Tax Partners Vinay Khosla and Richard Rizzo in addition to Tax Manager Michael Cosentino to conduct their Annual Tax Update. Vinay Khosla has presented for CIMA at its past 19 Annual Tax Updates. CIMA is the world’s leading and largest professional body of management accountants. CIMA assists individuals and businesses succeed by harnessing the full power of management accounting. Their presentation covered a variety of topics valuable to CIMA’s members and their clients including business and personal tax measures from the 2021 Federal Budget, a review of the various options for businesses to receive COVID-19 financial assistance, and tax planning for a personal real estate corporation (PREC).
With the volume and complexity of tax changes, programs and proposals in 2020 and 2021, the CIMA membership derived immense value in having Bateman MacKay tax experts provide an overview of how these changes may impact a business or individual’s tax and financial circumstances. If you have questions about any of the topics mentioned please contact your Bateman MacKay tax and business advisor, or you may email us at [email protected]
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