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Deadine looms for businesses that have failed to register for VAT

Businesses that have reached the annual turnover threshold for VAT registration, which is £73,000 for the 2011/12 financial year, but have failed to register with HM Revenue & Customs (HMRC) must act quickly if they want the opportunity to limit hefty fines.

Such businesses have until 31 December, 2011 to register for VAT under HMRC’s VAT Initiative campaign.

The VAT Initiative, which HMRC launched earlier this year, offers VAT rule-breakers lower fines and a special plan to rectify their failure to comply with VAT rules.

HMRC identifying businesses failing to comply with VAT rules

HMRC is currently identifying businesses that have so far failed to come forward. The firms it contacts will be subject to substantially higher penalties and may even face criminal prosecution for their failure to register for VAT.

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Sterling Park Health Care to be in performance project

WAITE PARK Sterling Park Health Care Center in Waite Park will participate in a national demonstration project to assure quality and improve performance in nursing homes.

The Quality Assurance and Performance Improvement (QAPI) project will build on the quality assurance programs that nursing homes have in place for monitoring and emphasizing ongoing performance improvement.

The Centers for Medicare & Medicaid Services is leading the initiative and has contracted with the University of Minnesota to lead the project to learn what nursing homes need for implementing the QAPI program.

Sterling Park Health Care Center will participate with 16 other nursing homes in four states to develop and launch QAPI programs, test technical assistance approaches and evaluate program implementation.

Demonstration participants will play a key role in helping to shape training materials and resources that will eventually be available to all nursing homes nationwide.


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Institute of Chartered Accountants of Ontario Pledges Ongoing Support for QSB

Students from Queens Graduate Diploma in Accounting present Rod Barr, FCA, President and CEO of the Institute of Chartered Accountants (ICAO), with a plaque honouring the universitys relationship with the Institute, which began in 1919, at an event to celebrate ICAOs $2 million donation to Queens School of Business.

KINGSTON, ON, May 4, 2011 – The Institute of Chartered Accountants of Ontario (ICAO) today announced its renewed financial support for Queens School of Business. The ten-year, $2-million commitment will provide funds for the CA-Queens Centre for Governance, including the Voluntary Sector Reporting Awards Program, and the CA Professorship in Accounting, and the creation of a Chartered Accountants Lecture Hall in the expansion of Goodes Hall—the home of the business school.

The funding announcement was made at a celebration event at Goodes Hall on Queens University campus.

The relationship between the Institute of Chartered Accountants and Queens has been a long and fruitful one for both organizations and for Queens School of Business graduates who have gone on to become CAs, said Rod Barr, FCA, President and CEO of the ICAO. Our

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