Tips to Avoid Fraud

Last Wednesday, Todd Hamilton, Michelle Bouchard and Megan Bloskie attended a Fraud Prevention for Not-for-Profits Seminar hosted by the NPO Group. The NPO Group’s mission is to gather and share information relating to the NPO community. For more information about the NPO Group, please visit their website at http://thenpogroup.com/.

 The seminar featured a talk by Josephine Palumbo, Deputy Commissioner of Deceptive Marketing Practices at the Competition Bureau, focused on helping NPOs and their advisors being able to identify and prevent fraud from occurring in their organizations. Below are four tips to help prevent fraud in your organization:

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Women, Wine & Wisdom

On Thursday June 13th, Nancy Nicks and Megan Bloskie attended the Ottawa Board of Trade’s Women, Wine & Wisdom event at the Hilton Lac-Leamy. The evening featured an inspiring panel discussion focused on a conversation of leadership, life balance and legacy. The panelists shared their personal stories and experiences which both inspired us and left us with ideas to reflect on as we continue to invest in and support our female staff and clients to help them achieve their own version of success.

Hazlo Law’s Annual Spring Cocktail Party

What a great way to celebrate the start of summer and the start of beautiful weather!

 Last night, Jaime Wendland, Andrew DuBroy, Todd Hamilton, David Ienzi and Ian Hendry attended Hazlo Law’s Annual Spring Cocktail Party.  With a stunning view of both the Rideau Falls and the Ottawa River, we were privileged to be able to connect with our friends and colleagues at such a lovely venue. Thank you to Hugues Boisvert, Dean Blachford and the whole team at Hazlo Law for the invitation to their wonderful event.

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2019 OHS Garden Party

Wednesday evening our Hendry Warren team attended the Ottawa Humane Society’s Annual Garden Party hosted at the Horticulture Building at Lansdowne. We had the opportunity to meet some very fluffy special guests and support an amazing cause! All funds raised through the event helped to support the nearly 10,000 animals that the OHS cares for each year.

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HW is Closed May 1 for a Well Deserved Break

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After the extended work hours of tax season, in the evening of April 30th after all the taxes are filed, our staff take some social time at our tax season dinner and then a well deserved break on May 1 to refresh mind and body. 

 Our office will be closed on May 1st and we will reopen May 2nd at our regular office hours Monday – Friday 8:30am to 5pm.

Work Hard, Play Hard

How do public accountants survive busy season?

Food....lots of food. This year, our work social committee has been working hard to keep the office morale up with a ton of fun events such a "wine down Wednesdays" at a local pub, a breakfast burrito bar, chocolate croissants, laser tag and the list keeps on going!

To help counteract the "tax season 10", our office has also been competing in a 90-day activity challenge. Special thanks to the committee for keeping the "work hard, play hard" attitude alive!

Detour Required!

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Effective Tuesday, April 23rd, the west bound exit at Carling Avenue & Kirkwood Avenue of the Queensway will be closed for construction. For clients coming to our office from the east end of the city, we suggest taking the next exit at Maitland Avenue. Follow detour signs and turn left onto Maitland Avenue, then right onto Carling Avenue, then right onto Kirkwood Avenue, then right onto Laperriere Avenue and finally right onto Lady Ellen Place. This construction is expected to last about four weeks and will not impact clients coming from the west end.

As of May 16th, the west bound and east bound exits at Maitland Avenue will be closed for approximately two weeks. Stay tuned for a further update on our recommended detour during that two week period.

19th Annual Loaves and Fishes Gala

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On Saturday night, Hendry Warren’s Jaime Wendland, Shaina Watt, Brock McDonald and Tyler LaSalle swapped their calculators for cocktails and joined the Ottawa-Carleton community at the 19th Annual Loaves and Fishes Gala. Last year, this event raised over $155,000 in support of the Loaves & Fishes Fund, and we are sure this year did not disappoint.

 Hendry Warren is proud to support such a great cause and we are consistently amazed by the Ottawa Community for their continued commitment and generosity! For more information about the Loaves and Fishes Fund please visit http://www.loavesandfishesfund.com/about-us

Women and Philanthropy

Last night, HWLLP's Shaina Watt and Michelle Bouchard attended the Women and Philanthropy panel discussion put on by the Queensway Carleton Hospital Foundation in collaboration with TD. The panelists - Leah Levesque, Jo-Anne Ryan, Karen Sparks and Susan Prior - discussed the findings of TD's recently issued report "Time, Treasure, Talent: Canadian Women and Philanthropy" and provided reflections and insight based on their experiences as philanthropic leaders in the Ottawa community.

As women's influence over wealth in Canada continues to rise, understanding their unique approach to giving and values is a must for charities.

To learn more about the Women in Philanthropy program, click here: https://bit.ly/2qVVWok

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Tax Implications of Renting Your Property Through Airbnb and Other Online Platforms

Many property owners rent out their properties to their tenants through long-term traditional rentals. However, the introduction of online platforms such as Airbnb and VRBO have made it very easy for property owners to rent their properties to guests for short-term stays which can provide significantly more income than traditional long-term rentals or can simply provide supplemental income when their property might otherwise be vacant. Income tax and sales tax implications must be considered before renting properties using these online platforms as there can be significant tax implications in doing so.

Find our newsletter on this topic here: https://bit.ly/2Eg5LUu

Candy Bar Saturday at Hendry Warren!

Tax season without our wonderful staff would be un*bear*able. As a way to acknowledge everyone’s excellent work, Hendry Warren hosted a candy bar this Saturday morning.

24 days left until the end of the tax season! We can do this! Keep up the hard work!

2019 FEDERAL BUDGET

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On March 19, 2019, the Liberal government tabled its spring budget.  In terms of income tax measures, there were not a significant number of changes.  If you would like more information regarding the budget changes, please see our Resources page, or contact our office.

2019 Tax Clinic

Last Thursday, 13 Hendry Warren staff members volunteered at a personal tax return clinic at the Glebe Centre. The clinic was offered to low income taxpayers who would have otherwise been unable to afford to have their personal tax returns prepared. A special thanks to all staff who attended the event and gave up their time during this very busy time of year.

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It’s the Oscars for CPAs!

This afternoon, Muhamad Adatia and David Ienzi were privileged to attend the Government of Canada’s Budget Speech at the House of Commons. The Budget, presented by Finance Minster Morneau, outlined the government’s financial direction and fiscal plan as well as the new incentives that will be available to Canadian taxpayers in the coming years.

Hendry Warren’s budget analysis will be released tomorrow - stay tuned!

HW Hits the Slopes

Hendry Warren is half way through our 90 day activity challenge, which has encouraged our staff to stay active during busy season. And what better way to break a sweat than hitting the slopes after work? This Tuesday evening, some of the staff members took advantage of Camp Fortune’s 2-for-1 deal to get some fresh air and enjoy some great company!

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How to Survive a Bear Attack

Thank you to Menard Kinkaid Wealth Management who hosted an informative presentation on March 7th titled ‘How To Survive A Bear Attack’  by Phillip Petursson, Chief Investment Strategist at Manulife Investments. It was great to connect with your team - James Kinkaid, Susan Moore, Rob Meredith, Roger Heard, Brianna Barber, Danielle Goddard, Kathy Massine.

Don’t fret, no humans or bears were harmed in the making of this presentation. The “bear” in question refers to a bear market which is a condition where security prices drop dramatically after a recent high. Phillip provided the following takeaways on how investors can survive these types of markets:

Rule #1:  Vanquish Fear & Panic

·        Focus on the fundamentals, not emotion

·        Q4 was not 2008, but many retail investors treated it as though it was

·        There are no signs of Global recession in 2019

Rule #2:  Become Familiar With Your Environment

·        Negative calendar year returns are rare outside of recessionary environments.

·        Positive feelings on the Canadian banks and energy stocks.

·        Money being put to work in the US and Global markets makes sense.

Rule #3:  Take Advantage of Opportunities

·        Investors are their own worst enemy - resist the urge to flee the markets (see Rule #1) and look for quality on sale

·        There are windfalls and shortfalls to every asset class – asset allocation remains a critical factor