Hope your holidays have been going well, and my prayer is that 2021 is full of joy and peace for you, your family and the organizations that you care for.
As Bob Dylan once said, “May God Bless you all with peace, tranquility and good will.”
Cheers
Tim
https://improvingfutures.ning.com/blog/merry-christmas-2020
https://improvingfutures.ning.com/blog/holiday-schedule-year-end-2020
https://improvingfutures.ning.com/blog/your-tv-interview-with-tim-2020-year-end-tax-review
https://improvingfutures.ning.com/blog/meet-tim
All I can do is be me, whoever that is.
Forever Young
May your wishes all come true,
May you always do for others
And let others do for you.
May you build a ladder to the stars
And climb on every rung,
May you stay forever young,
Forever young, forever young,
May you stay forever young.
May you grow up to be true,
May you always know the truth
And see the lights surrounding you.
May you always be courageous,
Stand upright and be strong,
May you stay forever young,
Forever young, forever young,
May you stay forever young.
Knockin' On Heaven's Door
I can't use it anymore
It's getting dark too dark to see
Feels like I'm knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door, eh yeah
I can't shoot them anymore
That cold black cloud is comin' down
Feels like I'm knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door
Knock-knock-knockin' on heaven's door…
Source: LyricFind
FW: Sample Guidance on Donations for Year End Eligibility for Tax Receipts 2020
I thought this maybe of interest to my friends associated with charity and non profits.
As year end fast approaches the acceptance and classification of which year to apply a donation that comes in over the next week or so can become problematic and is often a cause of some stress for us. This appeal that I received today from SALTS which is a wonderful organization in the marine training arena reminded me that this would be a good opportunity to share some guidance around year end items with respect to charitable gifts being received and given.
SOP recommendation. When you receive a chq in the mail, keep the envelop along with a copy of the chq to demonstrate the post mark and thus the allocation to the year is correct with no doubt should it ever be questioned. I also always recommend that you keep a photo copy of all chq’s received as a general standard operating procedure ( SOP ) , print a copy of any etransfers received as well, along with any offering envelops received. CRA can ask to see these and it’s good to have for any internal auditing requirements that may come up during bookkeeping and reviews. When posting these year end items, set them up in your accounts receivables to be paid later, a DR in the books and a CR in donations received ledger. When they are deposited into the bank, the payment can be allocated in your bank ledgers properly, Dr the bank ledger and a Cr to Accounts Receivable.
Hope you holidays have been going well, and my prayer is that 2021 is full of joy and peace for you, your family and the organizations that you care for.
As Bob Dylan once said, “May God Bless you all with peace, tranquility and good will.”
Cheers
Tim
https://improvingfutures.ning.com/blog/merry-christmas-2020
https://improvingfutures.ning.com/blog/holiday-schedule-year-end-2020
https://improvingfutures.ning.com/blog/your-tv-interview-with-tim-2020-year-end-tax-review
https://improvingfutures.ning.com/blog/meet-tim
Knocking on heavens door https://www.youtube.com/watch?v=CGB1P1jKIoE
Timothy Ross, Family Advisor, CEO & Founder, Brock Shores Financial
Mutual Funds offered through PEAK Investment Services Inc.
This transmission is intended solely for the individual or entity to whom it is addressed and is confidential in nature. Please be advised that any distribution, reproduction or other use of this document by anyone other than the addressee is strictly prohibited. If you have received this communication in error, please notify us immediately. Thank you for your assistance. Please feel free to share our contact info below with those who may benefit from our services. All rights reserved, Timothy Ross
Brock Shores Financial / Timothy Ross & Associates, Family Office Providing Omega Stewardship
4502 Airport Road – Tincap, GTA Professional Center, Elizabethtown, Ontario K6T 1A2
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Helping Families Achieve ... Life's Major Goals
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From: SALTS Sail and Life Training Society <info@salts.ca>
Sent: December 27, 2020 4:55 PM
To: Advisor@timothyross.com
Subject: Your gift sustains SALTS
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Forever Young
And may sunshine and happiness surround you when you're far from home.
And my you grow to be proud, dignified and true.
And do unto others as you'd have done to you.
Be courageous and be brave.
And in my heart you'll always stay
Forever young. (Forever young)
Build a stairway to heaven with a prince or a vagabond.
And may you never love in vain.
And in my heart you will remain
Forever young. (Forever young)
Forever young. Forever young
