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Tax Measures Under Canada’s COVID-19 Economic Response Plan

Reader Alert: On September 24th, 2020, the Speech from the Throne announced many tax and related initiatives including the extension of the Canada Emergency Wage Subsidy (the “CEWS”) program to the summer of 2021.[1] Reader Alert: On July 17, 2020, the Government of Canada released details, as well as draft legislation, in respect of a redesigned Canada Emergency Wage Subsidy...

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Attorney General Becerra Secures Nearly $3 Million in Restitution for Seven Year Long Tax and Insurance Fraud Scheme

SACRAMENTO – California Attorney General Xavier Becerra today announced the arraignment and plea of Gary Cheung for tax evasion and insurance fraud related to the Sam Woo restaurants he owned and operated in Los Angeles County. He pleaded guilty to multiple felonies for which he will be sentenced to prison and required to pay restitution in the amount of $2,964,375.93.  “For his egregious...

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PRESS RELEASE: Frost & Associates, LLC Welcomes Two New Attorneys to Firm

Frost & Associates, LLC is pleased to announce the addition of attorneys Robert Hamilton and Robert Owings to the firm. Between both attorneys, they bring extensive knowledge in the practice area of estate planning and administration, securities fraud and tax matters. Prior to joining the firm Robert Hamilton was the managing attorney of the Low-Income Taxpayer Clinic at MidPenn Legal...

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CBDT issues Press Release to validate UDIN generated from ICAI portal at the time of upload of Tax Audit Reports

Loading audio….. The Central Board of Direct Taxes (CBDT) on November 26, 2020 has issued a Press Release to validate Unique Document Identification Number (UDIN) generated from the Institute of Chartered Accountants of India (ICAI) portal at the time of upload of Tax Audit Reports.  Income-tax efiling portal had factored mandatory quoting of UDIN with effect from 27th April, 2020...

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