Bookkeeping Education

professional
bookkeeping education

Helping you understand how to deal with your bookkeeping for your self employed business.

Prepping for Taxes – Quiz Tips

If you are struggling a bit with the quiz, here are our tips for you!

When you are writing off your home, you can only do it if you don’t have an office anywhere else. If you had a wellness clinic with a storefront, it would be anticipated that you would also have office space or that business took place in that storefront. A home expense is typically not allowed when a storefront exists!

Also, one of the key things in the end was talking about “next year”. What were the key steps you should have taken when you opened up your business!

And…I wish I had time to talk about how to contact CRA or what to do if you get audited. Those are thrilling topics (at least to me!). But, sadly, not enough time!

Finally, if ever audited by CRA, they would ask you for both your log showing where you went as well as copies of all your expenses!  You must have BOTH to show them.

Resources for you to get help

Where can you go to get assistance?

Facebook Group

We have a free Facebook group that is designed for folks like yourself. Self employed.

This group is designed for newbies and those that need to ask questions.

Over 1000 members and that includes professionals from across Canada!

https://www.facebook.com/groups/870316459816945

 

Learning Lab

We are available for Learning Labs, where you only pay for time you need.

Pam is great with Quickbooks, Xero, and helping you establish your technology and books. She is a bookkeeping pro, so she can help you put it all together.

Lynn is great for taxes and high level discussion about “what should I do?” or “where do I go from here?”

You decide what you need!
To reach Pam, click here
To reach Lynn, click here

Taxes

We do personal taxes for most people.

We specialize in personal tax for small business owners.

Our tax process is more than just the taxes. We can also help teach you how to make the most of your deductions and your business to pay less tax.

FAQ

Here are some questions that have been asked by interested students. If you are wishing to know more information, please go to our contact page and we will get back to you with help as soon as possible. 

Will you pay my bills for me?

Yes, we most certainly can.

Can you get me setup so that I can do it myself?

Absolutely! We would be most pleased to help you become independant.

What does it cost?

Although every company is different, bookkeeping generally costs between $50 and $75 an hour.

DON'T TOUCH THIS ONE!!!

THIS DIV IS MEANT TO BE THE FIRST ONE THAT ISN’T DISPLAYED SO THE FIRST ELEMENT IS CLOSED. DO NOT MAKE ANY CHANGES TO THIS DIV. 

Are you certified?

Yes. Both the owners are Certified Professional Bookkeepers and current members of CPB Canada.

Can you help me find an accountant?

Yes, we are happy to do this for you. We can establish what you are actually looking for and then match you to the accountant that we feel can help you.

I am just little! Do I qualify?

Absolutely!  The basis of our clients is their positive attitude and not the size of their company.