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Guidelines For Deducting Conference and Training Expenses

Ronika Khanna CPA,CA

Per guidance from CRA re convention expenses with respect to self employed taxpayers who either carry on a business or practice a profession (Lawyers, doctors, CPAs, Engineers etc.), Eg, the Canadian Institute of Chartered Accountants would have to hold the qualifying event somewhere in Canada otherwise the deduction might be denied.

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Friday Footnotes: Work-Life Balance, Does It Work?; Big 4 Firms Slash Job Postings; She Doesn’t Even Go Here! | 2.16.24

Going Concern

Vacancies fell across all accounting firms in the UK in 2023, but the decrease was less dramatic, at 23%. Bousselot said letting state agencies hire private CPA firms for audits might address the shortage of CPAs in Iowa and encourage more to enter the profession. Year-on-year growth of 16.4%, including 13.3%