The Firm was engaged to prepare personal income tax returns for a client. The Firm did not properly document and communicate decisions related to the client’s business income and expenses on their personal income tax returns for two years.
The Investigation Committee determined the Firm contravened the CPABC Rules of Professional Conduct as follows:
202.1 – Integrity and Due Care
The Committee recommended the Firm:
- accept a reprimand;
- pay expenses of $2,990 plus GST of $149.50; and
- ensure that a partner takes the following CPABC Professional Development online course by December 31, 2020: Archived Broadcast PD Nexus: Public Practice Insights