Saving Money

How to Charge Sales Tax (GST/HST) for Your Online Business in Canada

Leave a Comment / Online Business, Sales Taxes, Saving Money /

Determining Sales Tax (GST/HST) for Your Online Business Navigating sales tax in Canada can be a daunting task for many entrepreneurs, especially with the recent requirements for online businesses to charge GST. But don’t worry—I’m here to simplify the process for you! Key Considerations$30,000 Revenue Threshold: If your global income exceeds $30,000, including earnings from the U.S. […]

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Stop Money Leaks: Save Hundreds of Dollars with These Simple Fixes

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Identify and Stop Money Leaks in Your Business As fall progresses, it’s the perfect time to identify money leaks and plan for the upcoming business year. These small leaks might go unnoticed, but they can accumulate over time. Imagine a bucket with tiny holes—while you might not see the water dripping out, collecting it in another bucket

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Virtual Bookkeeping: Managing Your Finances Without In-Person Meetings

Leave a Comment / Online Business, Saving Money, Software /

Wondering how to collaborate with a bookkeeper or accountant without meeting in person? You’re not alone. Many online business owners initially question how virtual bookkeeping works. In the past, tax time meant gathering piles of paperwork to hand over to your accountant. But what happens when everything is digital? How do you track digital receipts, income,

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Tax Expense Guide: Expenses You Can Write Off For Your Online Business

Leave a Comment / Business, Online Business, Saving Money, Taxes /

Business Expenses Can Help You Reduce Your TaxesLet’s talk about everyone’s favorite topic: tax write-offs! (Okay, maybe not everyone’s favorite, but definitely something that can put money back in your pocket.) As a business owner, understanding tax deductions isn’t just about saving money—it’s about smart business strategy. While tracking expenses might not sound thrilling, think of

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35 Ways a Bookkeeper Can Save Your Business Money and Boost Efficiency

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Many business owners delay hiring a bookkeeper until they find themselves overwhelmed or facing issues with government taxes, such as sales or payroll. To help you avoid these pitfalls, we’ve compiled a list of 35 ways a bookkeeper can streamline your operations and save you money. Identify Your Key Areas of Need Don’t wait until it’s too

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Humorous Tax Deduction Requests: What You Can Actually Write Off

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A Day in the Life: Humorous Tax Deduction Requests Recently, I had an amusing day that I thought I’d share. I’m part of a Facebook group for bookkeepers and accountants, and the top post of the morning was titled “Funny Things Clients Have Asked to Deduct as Business Expenses.” It started off entertaining and only got

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