Bookkeeping for Yoga Teachers – A podcast interview with Shannon Crow


Show Notes from a recent Podcast where I spoke with Shannon Crow of  the Connected Yoga Teacher about money, taxes and business. Lots of info specifically for Yoga teachers but a lot can be applied to many small businesses. It’s the middle of the tax season in the US and Canada, and it can be intimidating to

Money Leaks – Fix them to save hundreds of dollars


As we get further into fall, it’s a great time to check for Money Leaks and re-evaluate your upcoming year in business.  We don’t always see these little leaks – but they do add up. Picture a bucket of water with pinholes – you may not see the water slowly dripping out but if you

Virtual Bookkeeping for your online business


Wait – We Don’t Meet in Person??? ​ How do people with an online business work together with a bookkeeper and accountant when they aren’t in person? Often with new clients when we first start talking and they wonder “Oh, how do we even do this?” Typically in the past, at tax time, one would

Track Expenses On The Go for your Online Business


How To Track Expenses On The Go Tracking your expenses is imperative to the health of your business, but it can be time consuming and cumbersome. I’m all about finding the best tools to make your life easier. If it’s convenient and easy, you will use it: especially when you are on the go!   

January Resolutions & Fresh Starts


January is the Month of Resolutions & Fresh Starts​ We all look to January as the time to clear our slate of the prior year, makes plans for what we want the New Year to look like, and to set goals for our business/career, health, lifestyle and finances. While some are successful carrying out their

Getting Your Records Ready For Your Tax Professional


Do It Yourself or Hire a Professional?​ When it comes to income tax preparation, there are two types of folks: do-it-yourselfers and those who hire professionals.   For many businesses, having a professional such as a bookkeeper or accountant prepare their income tax returns is the most sensible option. Not all of us have time

Worried about an audit? Top 7 Triggers Explained


I was recently listening to someone share in a group setting. They were talking about tax audits and everybody’s fear of being audited. I jumped into the conversation and it became very clear that most people had no clue. It was the fear of the unknown.   Truly, nobody really knows what’s involved unless you’re

When Should I Start Paying Myself a Salary?


A potential client ask me recently whether business owners should collect a salary. The answer I gave was “it depends”. With that being said I do believe we should be compensating ourselves for the growth in our business instead of working for free.    You may already be familiar with Denise Duffield-Thomas of luckybitch.com.  I’ve

Think You Need a Bookkeeper? Think Again!


Why You Shouldn’t Hire a Bookkeeper For Your Business Right Away   As your business grows many people will tell you that outsourcing your financial management to a bookkeeper is a great choice to save yourself time and headache with managing your money. I would counter that this may not be the best choice for

Expenses You Can Write Off For Your Online Business


Business Expenses Can Help You Reduce Your Taxes Whether you are a brick and mortar business or an online business, there are many ways to write off different expenses to reduce your business taxes. As most of my clients run an online business, let’s review how and when an expense is good strategy.   Tracking

Sales Tax (GST/HST) in Canada for Online Business


Sales tax in Canada is an ongoing challenge for many entrepreneurs! The government doesn’t make it intuitive or easy. Did you know that the government is now requiring those of us with online businesses to start charging GST for our sales? Have no fear as my claim to fame is making things like this EASY

Bookkeeper Vs. Accountant


Bookkeeper Vs. Accountant ~ Who Should I Choose? The answer? It depends on you and your business! Let’s break down some of the differences between the two. Bookkeeper A bookkeeper is there for your day to day financial tasks. They will get your systems set up, teach you, train you, and help you be organized

Getting your Finances in Line and Chasing Sharks in the Bahamas


That time where I had a chat with Luke Benjamin-Thomas of “That Marketing Dude Show” that started out as taking about all things bookkeeping, online business and finances the took a turn to talk of our shark experiences in the Bahamas. Have a listen  Adult language warning   Show notes from “That Marketing Dude Show“

Starting A New Business? 3 Steps To Set Up Your Legal & Financial “House” From The START


It’s the fourth month of 2018, believe it or not! But just because the season of resolutions is over doesn’t mean that you’ve forgotten your goals for the year, right? And for you, one of those dreams might be starting a new business. Whether you want to ditch your 9-5 for good or you’re just

The EASY way save and share digital receipts for FREE


[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.0.47″][et_pb_row admin_label=”row” _builder_version=”3.0.77″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” module_alignment=”center”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_text _builder_version=”3.0.77″ text_font_size=”16px”] Check out the video below which is a detailed walkthrough of a FREE way to save and organize all your digital receipts for bookkeeping and taxes. A Win-win for you and your tax preparer! I’d love to hear your

Hire a Bookkeeper and save money 35 ways


[et_pb_section fb_built=”1″ _builder_version=”3.0.47″][et_pb_row _builder_version=”3.0.47″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.0.71″ parallax=”off” parallax_method=”on”][et_pb_text _builder_version=”3.0.71″] Many people avoid looking for a bookkeeper for their business until they are a few years into their business and are either overwhelmed or in a pickle, usually with the Government over Sales or Payroll taxes. The list below should help make hiring

Hilarious expenses people try to claim on their taxes


[et_pb_section fb_built=”1″ _builder_version=”3.0.47″][et_pb_row _builder_version=”3.0.47″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” _i=”0″ _address=”0.0″][et_pb_column type=”4_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_text _builder_version=”3.0.47″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” _i=”0″ _address=”0.0.0.0″] I thought I’d share a highlight of one of my days recently… I belong to a Facebook group of Bookkeepers and Accountants and the top post of the morning was “Funny things clients have asked you to

How the heck do I choose the right software to manage my business $$


[et_pb_section bb_built=”1″ _builder_version=”3.0.47″][et_pb_row _builder_version=”3.0.47″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” _i=”0″ _address=”0.0″][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.64″] Is this your question?   Or how about this? I know I need to start tracking my business finances but have no idea where to start looking for accounting software options.   Or this one? My business is going crazy but I have no

How I Manifested a Trip to Mexico


[et_pb_section fb_built=”1″ _builder_version=”3.0.47″ custom_padding=”0px|0px|31.7813px|0px”][et_pb_row custom_padding=”0px|0px|22.4063px|1px” _builder_version=”3.0.47″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” _i=”1″ _address=”0.1″][et_pb_column type=”4_4″ _builder_version=”3.0.64″ parallax=”off” parallax_method=”on”][et_pb_text _builder_version=”3.0.64″] So as many of you may or may not know I have been on a bit of a “personal growth” journey over the last couple of years. I have learned new ways to meditate, taken up yoga (although somewhat