News & Updates
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Fix My Books: Arielle Smith's Journey in Bookkeeping and Beyond
USA Today - July 17, 2024
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Learn How This Enterprising Immigrant Built An Award-Winning Bookkeeping Business
Benzinga - May 24, 2024
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Fix My Books Offers Solution For Remote Work To End Accounting Brain Drain
Yahoo Finance - April 23, 2024
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YourTV Niagara Interview
YourTV Niagara - March 19, 2024
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Leveraging Technology to Stand Out in the Marketplace
CPB Journal Numbers & Sense - Vol 2 Q2 2023
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2023 WIBAs: Equity Entrepreneur Award
Greater Niagara Chamber of Commerce - November 15, 2023
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Grew a Successful Accounting and Bookkeeping Firm from Scratch
ClientHub - March 18, 2022
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Top Tax Deductions Freelancers (Almost Always) Miss
WomenWhoFreelance - February 3, 2021
Blogs
Stay informed with latest updates from Canada Revenue Agency and the Fix My Books Blog.
Fix My Books is proud to announce that Gabrielle (“Arielle”) Smith, CPB, Co-Founder of Fix My Books, has been awarded Professional Leader of the Year by Certified Professional Bookkeepers of Canada (CPB Canada).
The Professional Leader of the Year Award celebrates an outstanding CPB who exemplifies the highest standards and values of CPB Canada and has made a meaningful impact in the profession and for clients within the past year.
Fix My Books is pleased to announce that Gabrielle Smith has been named a 2025 Top 50 International ProAdvisor by Insightful Accountant, the leading news and information source written specifically for the small business advisor to keep up with current technology, trends in the industry and continuing their education.
In this video, Jason Smith from Fix My Books dives into the ultimate cost-of-living comparison between Ontario, Canada, and Florida, USA! 🔍 Using data from trusted sources like Zillow, Realtor, CA X, and Patisan.com, Jason breaks down the costs of renting a three-bedroom, two-bathroom home, utilities, sales tax, and more.
In this video, Jason Smith compares the cost of healthcare in Ontario, Canada, and Florida, USA, shedding light on the key differences between these two regions' healthcare systems. Using data from the 2024-2025 Ontario budget and details about U.S. healthcare plans, Jason walks you through Cost of Healthcare in Ontario vs. Florida.
In this detailed tax comparison video, Jason Smith breaks down the key differences between living in Ontario, Canada, and Florida, USA, specifically comparing Toronto and Miami. Using the $100,000 US dollar (or $140,000 CAD) income from last week's tax bracket discussion, Jason dives into five critical areas…
In this video, Jason Smith dives deep into a detailed comparison of tax brackets between Ontario, Canada, and Florida, USA, with a special focus on Toronto and Miami. Whether you're a Canadian looking to invest in a Florida vacation home or considering a move to the Sunshine State, this video will give you key insights into how tax systems differ across the two regions.
📋 Are you managing corporate records or preparing for a company dissolution? This video is your ultimate guide to legal compliance and efficient record-keeping for Canadian businesses!
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
Are you planning to dissolve your Canadian-Controlled Private Corporation (CCPC)? In this video, we provide a detailed guide on the legal process, including preparing and filing Articles of Dissolution, notifying stakeholders, and canceling business licenses and permits.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this video, learn the step-by-step process for filing the final T2 Corporation Income Tax Return, obtaining a clearance certificate, and distributing remaining assets when dissolving a corporation in Canada. We’ll guide you through each requirement, from submitting Form TX19 to finalizing all tax obligations with the CRA.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this third part of our series on dissolving a Canadian-controlled private corporation (CCPC), we will help you navigate the final stages of dissolution, including paying off debts, notifying creditors, and distributing remaining assets. We break down the legal, financial, and tax obligations involved in closing your business, so you can ensure a smooth and compliant dissolution process.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this second part of our series on dissolving a Canadian-controlled private corporation (CCPC), we'll walk you through the key steps, from obtaining a resolution from the board of directors to securing shareholder approval. Learn what a resolution authorizing the dissolution is, what needs to be included in this document, and how to successfully obtain the necessary approvals.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this first part of our series on dissolving a Canadian-controlled private corporation (CCPC), we walk you through the essential steps of reviewing corporate documents to ensure compliance. Properly closing a business involves more than just filing paperwork – it requires a detailed review of the corporation's minute book, articles of incorporation, bylaws, and shareholder agreements.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
Are you looking to close your Canadian Controlled Private Corporation (CCPC) but unsure of the steps involved? In this comprehensive tutorial, we’ll guide you through the process of legally dissolving your CCPC, ensuring compliance with Canadian regulations.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this step-by-step tutorial, you’ll learn how to record a GST/HST instalment payment in QuickBooks Online specifically for Canadian businesses. Keeping your taxes organized is essential for accurate bookkeeping and tax filing, and this video will guide you through the simple process of entering your GST/HST payments properly.
Whether you’re a small business owner, bookkeeper, or accountant in Canada, this guide is perfect for ensuring your instalment payments are correctly recorded to avoid any mistakes with the CRA (Canada Revenue Agency).
Ever wondered what a day in the life of a remote bookkeeper looks like? In this video, I’ll walk you through my typical work-from-home routine as a remote bookkeeper and tax professional. From managing my to-do list with a Kanban board to handling payroll and filing tasks, you’ll get an inside look at how I stay productive, manage clients, and balance business operations all from my home office.
Welcome to our channel! In today’s video, we’re taking you on a comprehensive tour of the CRA My Business Account. Whether you're a new business owner or an experienced entrepreneur, managing your CRA business account efficiently is crucial for compliance and smooth operations. We’ll cover everything from account setup to daily maintenance, ensuring you get the most out of this essential tool. Stay tuned for an in-depth overview and practical tips on maintaining your CRA My Business Account.
Welcome to our channel! In today's video, we're exploring the critical reasons why bookkeeping is essential for every business. Whether you're a small business owner or managing a large corporation, bookkeeping plays a pivotal role in your financial health and success. From tracking financial performance to making informed decisions, we’ll highlight why you can’t afford to neglect this vital aspect of your business operations. Stay tuned to discover the importance of proper bookkeeping!
Welcome to our channel! In today's video, we're sharing practical tips and best practices for maintaining proper bookkeeping. Accurate and efficient bookkeeping is crucial for ensuring your business stays compliant and financially healthy. Whether you're a small business owner or managing a large enterprise, these strategies will help you keep your financial records in order. Stay tuned to learn how to streamline your bookkeeping processes and avoid common pitfalls.
Welcome to our channel! In today’s video, we’re uncovering the serious risks and negative consequences of neglecting bookkeeping. Proper bookkeeping is vital for maintaining financial health and ensuring business success. From financial mismanagement to potential business failure, we’ll explore the dangers of not having a solid bookkeeping system in place. Stay tuned to learn how you can protect your business from these pitfalls.
Welcome to our channel! In today’s video, we’re diving into the serious consequences of improper bookkeeping. Understanding the legal and financial penalties that can arise from poor bookkeeping practices is crucial for every business owner. We’ll highlight common mistakes and provide tips on how to avoid these costly errors. Stay tuned to protect your business from unnecessary risks.
Welcome to our channel! In today's video, we're uncovering the numerous benefits of bookkeeping for your business. Whether you're a small business owner or managing a large corporation, proper bookkeeping is essential. From maintaining accurate financial records to improving cash flow management, we'll explore how effective bookkeeping can enhance your business's success.
Welcome to our channel! In today's video, we're diving into the essentials of bookkeeping and accounting. If you've ever wondered about the differences between these two crucial financial processes, this video is for you. We’ll break down what bookkeeping entails and how it supports your overall accounting process. By the end, you'll have a clear understanding of why both are vital for your business's success.
Welcome to our channel! In today's video, we delve into the crucial role bookkeeping plays in your business's success. Whether you're a small business owner or running a large corporation, understanding bookkeeping is essential. We'll cover the basics, highlight the benefits, and explain the penalties and negative consequences of neglecting this vital aspect of your business. Stay tuned for practical tips on maintaining proper bookkeeping practices!
Welcome to our channel! In this video, Ashlin Hadden shares valuable insights on eCommerce insurance, specifically tailored for Amazon sellers. Learn about risk management, business protection, and essential tips for ensuring your small business is covered. Whether you're just starting out or looking to enhance your insurance strategy, this comprehensive guide has everything you need to know. Watch now to safeguard your Amazon FBA business and gain a competitive edge in the eCommerce industry.
Welcome to our channel! In this video, we dive into everything you need to know about Canada Revenue Agency (CRA) reviews, audits, and taxpayer rights. Whether you're a taxpayer or a professional navigating the CRA process, understanding these key points is crucial.
In this video I will be teaching you guys how to transfer your RRSP correctly and avoid what the CRA will consider an RRSP withdrawal!
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 delve into the key disparities between a CRA Notice of Collection and a Notice of Assessment, crucial aspects of taxpayer responsibilities. Understanding these government notices is essential in navigating tax disputes, safeguarding taxpayer rights, and ensuring legal compliance with financial obligations. Join us to learn how Revenue Canada issues these notices in the realm of Canadian taxes and how they impact tax preparation processes.
In this video, we delve into a comprehensive guide on understanding the CRA's Demand to File Notice.
We cover compliance tips, tax obligations, income reporting, and tax planning strategies to navigate through regulatory requirements effectively.
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!
We will be teaching you guys what a T4RSP is, what circumstances will lead to one being issued to you and absolute no-no's with regards to your RRSP!
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!
We will be teaching you guys how to get your Tax Returns filed for free! Check the video for details and eligibility!
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 Canada Revenue Agency (CRA) is warning Canadians about certain financial arrangements involving critical illness insurance that may be designed to avoid paying taxes. These arrangements often involve complex transactions, like borrowing money and using it to pay for insurance, which can mislead taxpayers and result in serious tax consequences. The CRA has previously issued warnings about similar schemes including those involving Offshore Disability Insurance Plan and Offshore Leveraged Insured Annuity
November is Financial Literacy Month, and this year’s theme, ‘Talk Money,’ encourages Canadians to have open, honest conversations about their finances. Talking about money is not easy – we get it. However, improving your tax literacy can be directly beneficial to you! Learn how doing your taxes can put money in your pocket, help you save up for a home, or your retirement. We also share tips on how to protect your finances from scams and fraud.
Starting November 3, 2025, registrations for new business number (BN) or Canada Revenue Agency (CRA) program accounts must be done online. The CRA is moving away from phone-based registrations, so if you call the Business Enquiries (BE) line to register, you’ll be directed to the CRA’s secure online portal Business Registration Online (BRO).
This change is designed to make the registration process quicker, easier, and more secure for businesses. Here is what you need to know.
The Canada Revenue Agency (CRA) is committed to helping taxpayers correct their past tax mistakes. The Voluntary Disclosures Program (VDP) allows for well-intentioned taxpayers to voluntarily correct their tax affairs and receive some financial relief.
On October 1, 2025, changes to the VDP will come into effect. These changes will make it easier to correct unintentional filing errors or omissions and make the program more accessible.
Canadians have been contributing to tax-free savings accounts (TFSA) since 2009, enjoying tax-free investment growth. Did you know that it’s possible to overcontribute and be subject to tax?
A First Home Savings Account (FHSA) lets you save for a qualifying home with tax-free growth and tax-deductible contributions, making it a great option for potential first-time home buyers.
But, it’s important to make sure you don’t put too much into your FHSA. If you do, part of the tax-free growth you’re generating could end up going toward taxes anyway!
Here are some tips for how you can make the most of your FHSA and avoid any costly errors:
The Canada Revenue Agency (CRA) is enhancing and changing its authorization service for individuals. Here is what you need to know.
If you’re self-employed, tax season can feel overwhelming, but the Canada Revenue Agency (CRA) is here to help you! Whether you’re a sole proprietor, freelancer, or running a small business, understanding your tax obligations is key to staying on track. Here’s what you need to know:
The Canada Revenue Agency (CRA) is making it easier for newcomers arriving in Canada to apply for benefit and credit payments. Newcomers can now apply online, without mailing in the forms. It’s a quick and convenient way to apply.
Did you receive a letter from the Canada Revenue Agency (CRA) telling you that you owe money? We understand this can feel stressful, but we can work with you to resolve your debt.
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 even more challenging. Use this tax tip as a quick reference for important due dates.
Submitting your change request online isn’t just faster, it’s also easy and secure. Some 2024 tax slips, such as the T3 (trust income), T4 (remuneration paid), T4A (pension and other income) and T5 (investment income), were not available in My Account or through the Auto-fill my Return service as early as in previous years. So, if you forgot to include something on your tax return or spotted a mistake after filing, don’t worry. Here’s how and why you should submit your change request online.
The Canada Revenue Agency (CRA) understands that life can move fast, and tasks like filing your income tax and benefit return can slip through the cracks. The deadline to file a 2024 tax return was April 30, 2025, but you can still file if you haven’t yet.
Starting May 12, 2025, the Canada Revenue Agency (CRA) will transition to online mail as the default method of delivering most business correspondence. This means you’ll start receiving most of your business notices and other correspondence through CRA’s secure online portal, My Business Account, instead of by mail.
Filing an income tax and benefit return might not be the highlight of your year, but it allows you to receive any benefit and credit payments you’re entitled to, and you may even get a refund. Although the clock is ticking, there's still time to file! By following the tips below, you can file your tax return with ease before the deadline.
The confidence and trust that individuals and businesses have in the CRA is a cornerstone of Canada’s tax system. The CRA regularly adjusts and improves its systems and processes to safeguard sensitive information against ever evolving threats to its digital services.
Doing your taxes each year can feel like a big job, but you don’t have to do it alone! If you have a modest income and a simple tax situation, you might be able to get help from a volunteer at a free tax clinic.
A modest income is less than $35,000 for a single person and less than $45,000 for a couple. Your tax situation is simple if, for example, you don’t have a small business or income from a rental property.
Volunteers can help with your taxes for this year, and it is possible to get them to help you do your taxes going back 10 years.
It’s never been easier to do your taxes online. In fact, online filing gets you access to the benefits, credits, and refunds you may be eligible for even faster! Last year, approximately 93% of Canadians filed their income tax and benefit returns online either themselves or through a tax preparer.
For the 2024 tax year, the Canada Revenue Agency (CRA) will continue to administer the enhanced trust reporting rules as enacted for tax years ending on or after December 31, 2023. Affected trusts are required to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust), unless specific conditions are met.
Before calling us, try the tips below to save time this tax season! You might be able to find the information you’re searching for and avoid time on the phone during our busiest season.
If you file information returns, such as the T3 (trust income), T4 (remuneration paid), T4A (pension and other income), or T5 (investment income), there are some important updates you need to be aware of.
Tax season starts next week! When the calendar flips to February 24, 2025, you will be able to file your income tax and benefit return online. With the right preparation, filing your tax return can be a smooth and stress-free experience.
The Canada Revenue Agency (CRA) is here to help you file with confidence. When you file, you could be eligible to receive a refund or benefit and credit payments that put money in your pocket.
Tax season is almost here! Whether you’re a seasoned filer or it’s your first time, having the essential information can save you time and stress. It could even put more money in your pocket.
To help you, we’ve put together the key facts of what you need to know for this tax-filing season. This includes what’s new with our digital services and on the income tax and benefit return.
If you lived in a northern or remote area for six months or more in 2024, 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.
The deductions include a residency deduction and a travel deduction. These can provide relief for both your daily living expenses and eligible travel. If you are eligible, these deductions will reduce your taxable income.
Canada Revenue Agency (CRA) has reverted to administering the currently enacted capital gains inclusion rate of one-half. This means that all capital gains realized before January 1, 2026 will be subject to the currently enacted inclusion rate of one-half, unless an exemption applies.
The announcement also confirmed that the government intends to maintain the existing coming into force date of the proposed increase to the Lifetime Capital Gains Exemption (LCGE) limit to $1.25 million of eligible capital gains included in the previous Notice of Ways and Means Motion (NWMM) tabled in Parliament on September 23, 2024. This measure remains unchanged, and the CRA will continue to administer the proposed change, which applies to dispositions that occur on or after June 25, 2024. Indexation of the LCGE would resume in 2026.
You may be one of 2 million Canadians invited to use SimpleFile to automatically file your income tax and benefit return with the Canada Revenue Agency (CRA) for free this tax season!
The CRA is inviting individuals to use the SimpleFile by Phone service again this year. You may also be invited to try out a new digital option as part of a pilot, as we work to provide even more filing options to Canadians. With SimpleFile, you only need to answer a series of quick questions, and then the service uses your answers, with the information we have on file, to auto-file and process a tax return on your behalf.
Did you just move to Canada? Filing your income tax and benefit return is important to get the benefit and credit payments you’re entitled to. These payments can help support you financially.
On December 30, 2024, the Department of Finance announced the federal government’s intention to amend the Income Tax Act to extend the deadline for making charitable donations eligible for tax support in the 2024 tax year. Following this, on January 23, 2025, the Department of Finance announced that it had released draft legislation in support of this proposed change, which will be introduced in Parliament in due course. For more information, visit the Department of Finance website.
To help provide certainty as we head into tax season, the CRA is confirming that it will proceed with administering the 2024 deadline extension for charitable donations. The CRA is administering this proposed legislation, consistent with its longstanding practice.
Changes to the income tax rules now deny income tax deductions related to non-compliant short-term rentals after 2023. If you rented out a residential property for short periods, these changes may affect you.
This tax season, the Canada Revenue Agency (CRA) wants to help you get all the benefit and credit payments that could put money in your pocket. Whether you’re filing your tax return, planning for retirement, or caring for loved ones, we have tips and resources to help you!
Helpful Hints!
If you find Quickbooks Online, accounting and bookkeeping confusing… we’ve got you covered!
How To Videos
📋 Are you managing corporate records or preparing for a company dissolution? This video is your ultimate guide to legal compliance and efficient record-keeping for Canadian businesses!
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
Are you planning to dissolve your Canadian-Controlled Private Corporation (CCPC)? In this video, we provide a detailed guide on the legal process, including preparing and filing Articles of Dissolution, notifying stakeholders, and canceling business licenses and permits.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this video, learn the step-by-step process for filing the final T2 Corporation Income Tax Return, obtaining a clearance certificate, and distributing remaining assets when dissolving a corporation in Canada. We’ll guide you through each requirement, from submitting Form TX19 to finalizing all tax obligations with the CRA.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this third part of our series on dissolving a Canadian-controlled private corporation (CCPC), we will help you navigate the final stages of dissolution, including paying off debts, notifying creditors, and distributing remaining assets. We break down the legal, financial, and tax obligations involved in closing your business, so you can ensure a smooth and compliant dissolution process.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this second part of our series on dissolving a Canadian-controlled private corporation (CCPC), we'll walk you through the key steps, from obtaining a resolution from the board of directors to securing shareholder approval. Learn what a resolution authorizing the dissolution is, what needs to be included in this document, and how to successfully obtain the necessary approvals.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this first part of our series on dissolving a Canadian-controlled private corporation (CCPC), we walk you through the essential steps of reviewing corporate documents to ensure compliance. Properly closing a business involves more than just filing paperwork – it requires a detailed review of the corporation's minute book, articles of incorporation, bylaws, and shareholder agreements.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
Are you looking to close your Canadian Controlled Private Corporation (CCPC) but unsure of the steps involved? In this comprehensive tutorial, we’ll guide you through the process of legally dissolving your CCPC, ensuring compliance with Canadian regulations.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this step-by-step tutorial, you’ll learn how to record a GST/HST instalment payment in QuickBooks Online specifically for Canadian businesses. Keeping your taxes organized is essential for accurate bookkeeping and tax filing, and this video will guide you through the simple process of entering your GST/HST payments properly.
Whether you’re a small business owner, bookkeeper, or accountant in Canada, this guide is perfect for ensuring your instalment payments are correctly recorded to avoid any mistakes with the CRA (Canada Revenue Agency).
In this video I will be teaching you guys how to transfer your RRSP correctly and avoid what the CRA will consider an RRSP withdrawal!
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 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…
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
Ever wondered what a day in the life of a remote bookkeeper looks like? In this video, I’ll walk you through my typical work-from-home routine as a remote bookkeeper and tax professional. From managing my to-do list with a Kanban board to handling payroll and filing tasks, you’ll get an inside look at how I stay productive, manage clients, and balance business operations all from my home office.
Welcome to our channel! In today’s video, we’re taking you on a comprehensive tour of the CRA My Business Account. Whether you're a new business owner or an experienced entrepreneur, managing your CRA business account efficiently is crucial for compliance and smooth operations. We’ll cover everything from account setup to daily maintenance, ensuring you get the most out of this essential tool. Stay tuned for an in-depth overview and practical tips on maintaining your CRA My Business Account.
Welcome to our channel! In today's video, we're exploring the critical reasons why bookkeeping is essential for every business. Whether you're a small business owner or managing a large corporation, bookkeeping plays a pivotal role in your financial health and success. From tracking financial performance to making informed decisions, we’ll highlight why you can’t afford to neglect this vital aspect of your business operations. Stay tuned to discover the importance of proper bookkeeping!
Welcome to our channel! In today's video, we're sharing practical tips and best practices for maintaining proper bookkeeping. Accurate and efficient bookkeeping is crucial for ensuring your business stays compliant and financially healthy. Whether you're a small business owner or managing a large enterprise, these strategies will help you keep your financial records in order. Stay tuned to learn how to streamline your bookkeeping processes and avoid common pitfalls.
Welcome to our channel! In today’s video, we’re uncovering the serious risks and negative consequences of neglecting bookkeeping. Proper bookkeeping is vital for maintaining financial health and ensuring business success. From financial mismanagement to potential business failure, we’ll explore the dangers of not having a solid bookkeeping system in place. Stay tuned to learn how you can protect your business from these pitfalls.
Welcome to our channel! In today’s video, we’re diving into the serious consequences of improper bookkeeping. Understanding the legal and financial penalties that can arise from poor bookkeeping practices is crucial for every business owner. We’ll highlight common mistakes and provide tips on how to avoid these costly errors. Stay tuned to protect your business from unnecessary risks.
Welcome to our channel! In today's video, we're uncovering the numerous benefits of bookkeeping for your business. Whether you're a small business owner or managing a large corporation, proper bookkeeping is essential. From maintaining accurate financial records to improving cash flow management, we'll explore how effective bookkeeping can enhance your business's success.
Welcome to our channel! In today's video, we're diving into the essentials of bookkeeping and accounting. If you've ever wondered about the differences between these two crucial financial processes, this video is for you. We’ll break down what bookkeeping entails and how it supports your overall accounting process. By the end, you'll have a clear understanding of why both are vital for your business's success.
Welcome to our channel! In today's video, we delve into the crucial role bookkeeping plays in your business's success. Whether you're a small business owner or running a large corporation, understanding bookkeeping is essential. We'll cover the basics, highlight the benefits, and explain the penalties and negative consequences of neglecting this vital aspect of your business. Stay tuned for practical tips on maintaining proper bookkeeping practices!
Welcome to our channel! In this video, Ashlin Hadden shares valuable insights on eCommerce insurance, specifically tailored for Amazon sellers. Learn about risk management, business protection, and essential tips for ensuring your small business is covered. Whether you're just starting out or looking to enhance your insurance strategy, this comprehensive guide has everything you need to know. Watch now to safeguard your Amazon FBA business and gain a competitive edge in the eCommerce industry.
Welcome to our channel! In this video, we dive into everything you need to know about Canada Revenue Agency (CRA) reviews, audits, and taxpayer rights. Whether you're a taxpayer or a professional navigating the CRA process, understanding these key points is crucial.
In this video, we delve into the key disparities between a CRA Notice of Collection and a Notice of Assessment, crucial aspects of taxpayer responsibilities. Understanding these government notices is essential in navigating tax disputes, safeguarding taxpayer rights, and ensuring legal compliance with financial obligations. Join us to learn how Revenue Canada issues these notices in the realm of Canadian taxes and how they impact tax preparation processes.
In this video, we delve into a comprehensive guide on understanding the CRA's Demand to File Notice.
We cover compliance tips, tax obligations, income reporting, and tax planning strategies to navigate through regulatory requirements effectively.
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!
We will be teaching you guys what a T4RSP is, what circumstances will lead to one being issued to you and absolute no-no's with regards to your RRSP!
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!
We will be teaching you guys how to get your Tax Returns filed for free! Check the video for details and eligibility!
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!
We will be teaching you guys all about the different types of engagements you can have with your CPA or Tax Preparer - and no, you are not getting married!
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!
What if there is a mistake on your Tax Return? Are you liable? What if it was prepared by a CPA or Tax Preparer - can you still get into trouble? We dive into the nitty gritty details of your responsibilities when you sign a tax return!
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 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!