Author: Cameron Brinkman
The term ‘personal benefits’ means something different to accountants than it does to family law professionals. When the payor spouse/parent asks their accountant for assistance in quantifying personal benefits, which is reasonable, the accountant presumes their definition of the term is appropriate, and often concludes there are none. However, this may not be the case when calculating or disputing child support payable. This paper examines tax and other issues relating to personal benefits in the family law context.
This paper was presented at LESA’s Business Issues in Family Law webinar series on November 2, 2021 and November 9, 2021.