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 …
How much Sales Tax (GST/HST) do I charge for my Online Business Read More »
As we approach the end of 2020, it’s a great time to put some thought into getting you tax documents in order for year end, and how you can make this an easy transition into a new year! Watch the video above for all the tips and details. Don’t have time to watch the video? Here …
5 Tips to Make Year End EASY for Your Online Business Read More »
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 …
Money Leaks – Fix them to save hundreds of dollars Read More »
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 …
How To Track Expenses On The GoTracking 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! Easiest Way To …
Track Expenses On The Go for your Online Business Read More »
January is the Month of Resolutions & Fresh StartsWe all look to January as the time to clear our slate of the prior year, make 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 plans, …
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 …
Getting Your Records Ready For Your Tax Professional Read More »
A potential client asked 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 been following …
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 you, …
Business Expenses Can Help You Reduce Your TaxesWhether 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 your business expenses …
Expenses You Can Write Off For Your Online Business Read More »
