Business

How much Sales Tax (GST/HST) do I charge for my 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 for …

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Bookkeeping for Yoga Teachers – A Podcast 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 …

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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 collected the …

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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 take their paperwork …

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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 to become tax …

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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 part of …

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