News & Updates
Stay informed with latest updates from Canada Revenue Agency and the Fix My Books Blog.
This is Arielle’s interview with YourTV Niagara for International Women's Day. So proud and happy to be able to represent the Filipino community in Canada and be an inspiration to other immigrants as well!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video we will be talking about the difference between Bookkeepers and Tax Preparers!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video we will be talking about Bookkeepers and what to know before hiring a Bookkeeper.
What to expect
Things to look out for (Red Flags!)
The different stages of hiring your outsourced Bookkeeper
Tips and Tricks for you to start off your working relationship on the right foot!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In honor of National Bookkeeping week, we decided to make this video! In this video we will be talking about Bookkeepers and Bookkeeping in General.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video I will be teaching you about Hiring your first Bookkeeper!
What to expect
Things to look out for (Red Flags!)
The different stages of hiring your outsourced Bookkeeper
Tips and Tricks for you to start off your working relationship on the right foot!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video I will be teaching you guys all about how to file your 2023 T4's with the CRA using Quickbooks Online.
In this video I will be teaching you guys all about the new T4 reporting requirements for Employers in 2024 and how to enter this information in Box 45 of your employees T4's in Quickbooks Online!
In honor of National Bookkeeping week, we decided to make this video! In this video we will be talking about Bookkeepers and Bookkeeping in General.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be talking about How to Record Shopify Capital Loan in your Quickbooks Online Account.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be talking about How to Record HST Payment to the CRA with Bank Charge via PaySimply in Quickbooks Online.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be talking about how to record an HST Refund with Interest in your Quickbooks Online account.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle and Jason from Fix My Books will be talking about what type of mindset successful business owners have that separate them from the rest.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books talking about what to expect in terms of Recurring Expenses/ Costs in running a business in Canada - some realistic examples and their price range.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be talking about what to expect in terms of Startup Costs when you first open your business - some realistic examples and why some businesses would cost less than others.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you how to record customer deposits in Quickbooks Online.
There will be four steps in this video:
Setup of the Customer Deposits Item & Account
Creating a Customer Deposit Invoice
Creating a Sales Invoice
Applying the Customer Deposit towards the Sales Invoice
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how to respond to an HST audit by the Canada Revenue Agency (CRA) and the most common reasons why you are going through an HST Audit.
Arielle will be showing you guys what a real audit letter looks like and the most important information you need to remember from the Audit Letter!
Arielle will also show you how to find the reports and documents the CRA wants from you in order to respond to the Audit Letter and ensure that you have all the documents and/or invoices and receipts the audit letter is asking for.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how to respond to an HST audit by the Canada Revenue Agency (CRA) and the most common reasons why you are going through an HST Audit.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how I started my bookkeeping firm in Canada.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be talking about some Bookkeeping Niches to consider for your bookkeeping business!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you how to find out when your T2 Corporate Tax Return is due.
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/corporation-income-tax-return/when-file-your-corporation-income-tax-return.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how I became a bookkeeper in Canada as an immigrant. My journey to become a bookkeeper started long before I even landed in Canada!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you what the difference is between HST (Harmonized Sales Tax), GST (Goods and Services Tax) and PST (Provincial Sales Tax).
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4055/t4055-newcomers-canada.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you how and where to find your CRA Notice of Assessment!
https://www.canada.ca/en/revenue-agency/services/e-services/e-services-individuals/account-individuals.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you what a refund transfer is!
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/refunds-transfer.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you where to mail your Corporate Tax Return (T2).
https://www.canada.ca/en/revenue-agency/corporate/contact-information/where-send-your-corporation-income-tax-t2-return.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Pricing is one of the most important factors that has a direct impact on your profit. Pricing is how much you charge for your service. A pricing strategy is simply that—a strategic plan and it's a very significant one. If you don't approach it in this way, you can struggle to decide how much to charge. If you stumble for too long, you might never get it back. Pricing can make or break the lifespan and health of your business, regardless of your sector, product, or service. Let's dig into pricing 101.
In this video Arielle from Fix My Books will be teaching you where to mail your Tax Return (Individual T1).
https://www.canada.ca/en/revenue-agency/corporate/contact-information/where-mail-your-paper-t1-return.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
There are a variety of measurements that will actually allow you to determine the health of your business . While some techniques might be excellent business metrics, others might not be suitable or appropriate. With that in mind, let’s get pretentious about finance and explore the things that will help you determine if your company is in good financial health….
In this video Arielle from Fix My Books will be teaching you what Debits and Credits are and what the Accounting Equation is!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
The word "audit" is one of the things that scares business owners the most. I've compiled 10 warning signs for an CRA audit that you should watch out for…
If you're self-employed, navigating your tax obligations may seem complicated. But don't worry, the Canada Revenue Agency (CRA) is here to help you! To get ready for tax-filing season, we've put together helpful tips and information for self-employed individuals.
Life is full of responsibilities, from school and work to family and everything in between. We understand that taxes can easily slip to the bottom of your to-do list.
Don’t worry if you haven’t filed your 2023 income tax and benefit return yet – you still have time. Use the information below to help you complete and submit your tax return before the deadline.
Receiving a letter from the Canada Revenue Agency (CRA) telling you that you owe money can be stressful. Take time to read the letter fully to understand your payment options. We are here to help you understand how you can resolve your debt.
Crypto-assets are digital assets that exist on a cryptographically secured distributed ledger. There are many types of crypto-assets, the most common being cryptocurrencies, such as Bitcoin, Ethereum and Tether. Transactions related to crypto-assets often have tax implications and must be reported on your income tax return.
To make it easier for you to understand your tax obligations as a platform economy participant, we made a list of the top ten tips you need to know…
In recognition that the new reporting requirements for bare trusts have had an unintended impact on Canadians, the Canada Revenue Agency (CRA) will not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust), for the 2023 tax year, unless the CRA makes a direct request for these filings.
Whether the earnings you make from online platforms is your main source of income, or a small part of it, you are considered to be a platform economy participant. When it’s time to file your taxes, you must report all sources of your income, including gifts and donations.
Crypto-assets are digital assets that exist on a cryptographically secured distributed ledger. There are many types of crypto-assets, the most common being cryptocurrencies, such as Bitcoin, Ethereum and Tether. Transactions related to crypto-assets often have tax implications and must be reported on your income tax return.
Excess contributions can occur, for example, when your TFSA is set up for pre-authorized contributions and you make additional contributions without verifying the amount of room you have available. This can also be the case when you have multiple TFSAs with different financial institutions and you are not tracking the contributions you are making to all accounts. You can avoid penalties by staying within the TFSA contribution room available to you.
If you bought, built, sold, or renovated a home in 2023, you might be wondering what that means for your tax situation. Don’t worry, the Canada Revenue Agency (CRA) is here to help. We have information about tax incentives that can help you with housing costs.
Every year, the Canada Revenue Agency (CRA) tracks the questions people ask and uses that information to design new services and improve our processes. We want to offer you the best service possible, so you can easily access the tax and benefit information you need.
If you’re an international student studying in Canada and a resident for tax purposes, you could get benefit and credit payments that can help with your cost of living. Check out our 3-minute benefits and credits video for everything you need to know about benefit and credit payments in Canada.
March is Fraud Prevention Month in Canada and around the world. The protection of taxpayers’ information is a top priority for the Canada Revenue Agency (CRA), and this annual campaign emphasizes the importance of being able to identify, prevent, and respond to fraud.
Worried about tax-filing season? Don’t be! Our easy-to-use digital services can improve the filing process and save you time. Using our services will also make it easier for you to manage your tax and benefit information online, and you’ll avoid delays and long wait times over the phone.
Doing your taxes can be intimidating, but you don’t have to do it alone! If you have a simple tax situation and a modest income, you could be eligible for help from a volunteer at a free tax clinic.
Did you open a First Home Savings Account (FHSA) in 2023?
If so, you need to be aware of this important information.
Every March, the Canada Revenue Agency (CRA) joins organizations around the world to recognize Fraud Prevention Month. Keeping your information secure is a top priority for the CRA. Learning how to identify fraud, scams and tax schemes helps keep your personal information safe.
At tax time, some of us may be excited to file an income tax and benefit return to receive a refund or benefit and credit payments. On the other hand, some of us may feel overwhelmed by the tax-filing process. The Canada Revenue Agency (CRA) understands, and we’re here to help.
Here’s a list of some of the most common mistakes we see at tax time. Avoiding these can save you time and help make the tax-filing process as simple as possible.
Understanding the tax filing and payment deadlines for Canadian businesses can be tricky since different businesses have different deadlines. When you factor in GST/HST responsibilities, it can be confusing. Use this tax tip as a quick reference point for important dates as you manage your tax affairs.
The Canada Revenue Agency (CRA) has recently discovered a tax scheme that targets newcomers to Canada. This scheme tells newcomers which benefit and credit payments they may claim for periods of time before they arrived in Canada. If you or someone you know is new to Canada, it’s important to be cautious. Promoters offering tax schemes could include tax representatives, tax preparers, or consultants.
For GST/HST reporting periods that begin in 2024, all GST/HST registrants, except for charities and selected financial institutions, are required to file returns electronically.
The mandatory electronic filing threshold that was in place for GST/HST returns has been removed for reporting periods that begin on or after January 1, 2024, which means that electronic filing is now required for most businesses.
The Canada Revenue Agency’s (CRA) SimpleFile by Phone (formerly File My Return) is a free, easy, automated phone service. It uses the information we already have on file, and the answers you provide, to auto-file and process your tax return.
Millions of Canadians file an income tax and benefit return every year. For the 2023 tax-filing season, Canadians filed more than 32 million tax returns, and more than 92% of them were filed electronically. There were also more than 18 million refunds processed, and Canadians who had a tax refund received an average of $2,262!
If you lived in a northern or remote area for six months or more in 2023, you may qualify for the northern residents deductions. These deductions recognize the unique challenges northern residents face, such as higher living costs and limited access to services. Find out if you lived in a prescribed northern zone (Zone A) or a prescribed intermediate zone (Zone B) at canada.ca/cra-line-25500.
When you think about your favourite ways to spend your time, filing an income tax and benefit return probably isn’t at the top of your list. We get it! That’s why we’re working to make tax-filing as easy as possible, so you can get back to things you would rather do.
Don’t forget, if you’re retired or 65 years of age or older, then your sources of income may change, and you have to include these new sources of income on your tax return.
Circle April 30, 2024, on your calendar! This is the deadline for most Canadians to file their income tax and benefit return for 2023. You are considered to have filed on time as long as the CRA receives your return, or it is postmarked, by April 30. By filing your income tax and benefit return on time, you will avoid interruptions to your benefit and credit payments.
If you owe any money to the CRA, your payment is also due by April 30, 2024. By filing and making your payment on time, you will avoid a late-filing penalty and interest charges.
Canadians can save for a home tax-free using the First Home Savings Account (FHSA). Prospective first-time home buyers can contribute or transfer from their RRSP up to $40,000 towards buying or building their first home.
The Canada Revenue Agency is currently updating its webpages and Form T2200 for the 2023 tax year. The updated form, which will be made available at the end of January 2024, along with other T1 related forms, will be easier to complete for employees who are only claiming a deduction for home office expenses.
This year, there have been many announcements about changes that will affect business taxes in 2024. We have pulled them together here for quick reference, along with a list of resources that can help you manage these changes and your tax affairs in the new year.
Scammers continue to pose as the Canada Revenue Agency (CRA) and other government departments and agencies, to trick you into giving them money or personal information. Unfortunately, they’re still having some success. The amount of money that people have lost to scams and fraud has increased over the years.
Helpful Hints!
If you find Quickbooks Online, accounting and bookkeeping confusing… we’ve got you covered!
How To Videos
In this video I will be teaching you about Hiring your first Bookkeeper!
What to expect
Things to look out for (Red Flags!)
The different stages of hiring your outsourced Bookkeeper
Tips and Tricks for you to start off your working relationship on the right foot!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video I will be teaching you guys all about how to file your 2023 T4's with the CRA using Quickbooks Online.
In this video I will be teaching you guys all about the new T4 reporting requirements for Employers in 2024 and how to enter this information in Box 45 of your employees T4's in Quickbooks Online!
In this video Arielle from Fix My Books will be talking about How to Record Shopify Capital Loan in your Quickbooks Online Account.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be talking about How to Record HST Payment to the CRA with Bank Charge via PaySimply in Quickbooks Online.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be talking about how to record an HST Refund with Interest in your Quickbooks Online account.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you how to record customer deposits in Quickbooks Online.
There will be four steps in this video:
Setup of the Customer Deposits Item & Account
Creating a Customer Deposit Invoice
Creating a Sales Invoice
Applying the Customer Deposit towards the Sales Invoice
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how to respond to an HST audit by the Canada Revenue Agency (CRA) and the most common reasons why you are going through an HST Audit.
Arielle will be showing you guys what a real audit letter looks like and the most important information you need to remember from the Audit Letter!
Arielle will also show you how to find the reports and documents the CRA wants from you in order to respond to the Audit Letter and ensure that you have all the documents and/or invoices and receipts the audit letter is asking for.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how to respond to an HST audit by the Canada Revenue Agency (CRA) and the most common reasons why you are going through an HST Audit.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how I started my bookkeeping firm in Canada.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how I became a bookkeeper in Canada as an immigrant. My journey to become a bookkeeper started long before I even landed in Canada!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Pricing is one of the most important factors that has a direct impact on your profit. Pricing is how much you charge for your service. A pricing strategy is simply that—a strategic plan and it's a very significant one. If you don't approach it in this way, you can struggle to decide how much to charge. If you stumble for too long, you might never get it back. Pricing can make or break the lifespan and health of your business, regardless of your sector, product, or service. Let's dig into pricing 101.
There are a variety of measurements that will actually allow you to determine the health of your business . While some techniques might be excellent business metrics, others might not be suitable or appropriate. With that in mind, let’s get pretentious about finance and explore the things that will help you determine if your company is in good financial health….
The word "audit" is one of the things that scares business owners the most. I've compiled 10 warning signs for an CRA audit that you should watch out for…
In this video Arielle from Fix My Books will be showing you how to calculate your RRSP contribution limit and how to find your RRSP Contribution limit (without any calculations).
RRSP Contribution limit calculator: https://www.ratehub.ca/investing/rrsp-contribution-limit
How is your RRSP deduction limit calculated: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/contributing-a-rrsp-prpp/contributions-affect-your-rrsp-prpp-deduction-limit.html
CRA Worksheet on how to calculate earned income: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4040/rrsps-other-registered-plans-retirement.html#stp_2chrt_3
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how to calculate how much taxes you will be paying on your bonus.
https://www.wealthsimple.com/en-ca/tool/tax-calculator
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
With the midyear of 2023 quickly approaching, it’s a great time to perform a budget checkup to help evaluate how your business is performing and determine whether any adjustments should be made to ensure a successful year-end. Consider these key areas of your budget when conducting a midyear review…
An emergency fund is an essential part of a solid financial plan. It can help you pay unexpected expenses and avoid taking on more debt from high-interest credit cards or loans. You can build up your business cash reserve account in several ways…
A mid-year financial assessment is the best way to evaluate whether or not you are on target to hit your goals. It’s also the perfect time to pivot if you’ve gotten off track. However, to point yourself back in the right direction, you have to know where you’re currently standing…
In this video Arielle from Fix My Books will be showing you where to find the PD7A form in Quickbooks Online.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In most businesses, collections are made only when there’s a need to offset a pending bill. This is because collection calls are not only tedious but could also create tension with customers, thus jeopardizing the business’s future. Follow these tips to get clients to pay faster for your services…
In this video Arielle from Fix My Books will be showing you how to use the CRA processing times calculator and when to expect your refund.
https://www.canada.ca/en/revenue-agency/corporate/contact-information/check-cra-processing-times.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how to find out if you need to make instalment payments and how to calculate and pay Instalment payments.
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t7b-corp/corporation-instalment-guide.html#D_y_nd
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Nicole Hart from Supernova Sites and Arielle A Smith from Fix My Books for this in depth tutorial on how to add taxes to your Wordpress website - Canadian edition.
This video explains the basics of tax every Canadian entrepreneur needs to know including where to set up a GST/HST number, when you should start charging tax, how to charge tax on different products (physical vs. downloadable), and how to charge your customers the correct tax % by province.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how to adjust/amend an HST Return.
CRA Login: https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html
Check out how to file an HST Return here: https://youtu.be/MtZYniyArV4
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how to pay your HST owing using:
1. CRA Make a Payment - https://bit.ly/3NAvNVH
2. PaySimply - https://www.paysimply.ca/cra/
3. Plastiq - https://www.plastiq.com/cra-blp/
Check out how to file an HST Return here: https://youtu.be/MtZYniyArV4
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how to file your T4's with the CRA using an Internet File Transfer (XML File) aka electronic transmittal.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how to prepare your books for Tax Filing by doing a Year End Review of your financial statements in your Quickbooks Online Account or any other accounting software that you're using.
Here are some things we are going to look at:
1. Profit and Loss Statement
2. Balance Sheet
3. Accounts Receivable
4. Accounts Payable
5. HST Return and Balances
6. Property, Plant and Equipment (Fixed Assets) and Depreciation
7. Inventory and Cost of Goods Sold
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how to find your Business Number using your CRA My Business account.
CRA Login: https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be showing you how to find your T4's using your CRA account.
CRA Login: https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quickbooks Online Tutorials
Fix My Books will be giving an overview of how to record PayPal Sales in Quickbooks Online.
In this video, Arielle from Fix My Books, will be teaching you how to migrate to Quickbooks Online from a different accounting software by entering opening balances from the balance sheet.
Quick Tips
In this video we will be talking about the difference between Bookkeepers and Tax Preparers!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video we will be talking about Bookkeepers and what to know before hiring a Bookkeeper.
What to expect
Things to look out for (Red Flags!)
The different stages of hiring your outsourced Bookkeeper
Tips and Tricks for you to start off your working relationship on the right foot!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In honor of National Bookkeeping week, we decided to make this video! In this video we will be talking about Bookkeepers and Bookkeeping in General.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In honor of National Bookkeeping week, we decided to make this video! In this video we will be talking about Bookkeepers and Bookkeeping in General.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle and Jason from Fix My Books will be talking about what type of mindset successful business owners have that separate them from the rest.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books talking about what to expect in terms of Recurring Expenses/ Costs in running a business in Canada - some realistic examples and their price range.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be talking about what to expect in terms of Startup Costs when you first open your business - some realistic examples and why some businesses would cost less than others.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be talking about some Bookkeeping Niches to consider for your bookkeeping business!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you how to find out when your T2 Corporate Tax Return is due.
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/corporation-income-tax-return/when-file-your-corporation-income-tax-return.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you what the difference is between HST (Harmonized Sales Tax), GST (Goods and Services Tax) and PST (Provincial Sales Tax).
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4055/t4055-newcomers-canada.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you how and where to find your CRA Notice of Assessment!
https://www.canada.ca/en/revenue-agency/services/e-services/e-services-individuals/account-individuals.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you what a refund transfer is!
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/refunds-transfer.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you where to mail your Corporate Tax Return (T2).
https://www.canada.ca/en/revenue-agency/corporate/contact-information/where-send-your-corporation-income-tax-t2-return.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you where to mail your Tax Return (Individual T1).
https://www.canada.ca/en/revenue-agency/corporate/contact-information/where-mail-your-paper-t1-return.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you what Debits and Credits are and what the Accounting Equation is!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you how to find out your Date of Entry as a newly landed immigrant.
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4055/t4055-newcomers-canada.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Tax season may be over, but your responsibilities haven’t ended just yet. Here are some of the best tips for keeping taxes a priority for your 365 days a year…
In this video Arielle from Fix My Books will be teaching you what the differences are between a Canada Business Number, GST number and Corporation number.
Ownr Discount Code: https://partners.ownr.co/n7amjwp1phfn
https://help.ownr.co/en/articles/1157551-business-number-v-corporation-number
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/registering-your-business/register.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Outsourcing helps you abandon the mindset of "I can do it all myself" and offload boring back-office tasks and hand them over to professionals with better expertise and reasonable costs. Before outsourcing, consider…
There are a number of financial reports that can give information on the business's past, current, and future financial state. The top five financial reports that every business owner has to regularly and yearly review to better understand the business's financial performance are listed below…
In this video Arielle from Fix My Books will be teaching you how long you should keep your records for.
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/keeping-records/where-keep-your-records-long-request-permission-destroy-them-early.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you how to find out when your corporate tax payments are due. This is different from when your T2 corporate tax return is due.
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/corporation-payments/paying-your-balance-corporation-tax.html#d_dy
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
This time of year is an excellent time to analyze and manage all of your business accounts. Once all of your information for the previous year is filed away, take the time to do some spring cleaning in your books and in your back office as well.
Here are four tips for spring-cleaning your books and back office:
In this video Arielle from Fix My Books will be teaching you how to find out when your GST Payments are due.
CRA My Business Account Sign In: https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
It's common practice for people to wait until the last minute to file their taxes.Rushing through the process increases the risk of making errors that would delay your tax return, add interest to any unpaid taxes, or result in an audit.Here are some tips to help you get your tax return in on time and error-free.…
In this video Arielle from Fix My Books will be teaching you when your taxes are due as an individual.
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/important-dates-individuals.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you the difference between:
1. Sales/ Revenue / Top Line
2. Gross Profit
3. Net Profit / Bottom Line
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you about what Installment Payments are, who's required to make these installment payments and how to find out if you're required to pay, when you need to pay and how much.
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you about the different types of income that constitutes Earned Income. This is important as this affects your Registered Retirement Savings Plan (RRSP) Contribution room!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
In this video Arielle from Fix My Books will be teaching you about the new Tax-Free First Home Savings Account (FHSA) that will be available this year (2023).
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!