The Bookkeeper's Blog ...
Blogs on Good Bookkeeping Practices

Hey You ... Welcome to The Bookkeeper's Blog! Join me as I blog on good bookkeeping practices for work from home bookkeepers and business owners who do their own books.

Here is where you have the opportunity to easily keep up-to-date on new or updated blog pages being posted to the Bookkeeping Essentials web site.

It is my sincere hope that you will learn good bookkeeping practices that help you manage your business finances easily and more efficiently.

To your success! … and, of course, thank you to the readers and viewers of my blog.

from Rainbow's End
"where heaven and earth sometimes touch"

Your tutor, Lake

This picture is from my day trip to Stuart Lake in 2009. Doesn't looking at this picture just make you want to exhale ... it's okay you're allowed.

Image of seaplane moored on Stuart Lake. Life is good here.
Photo courtesy of B. Gale

Sometimes we stare so long at a door that is closing
that we see too late the one that is open.

-- Alexander Graham Bell, Inventor --

Life was very good at Rainbow's End (my lake property) ... all sixteen years. I've moved and downsized now ... and am on to new adventures ... although I still miss living at the lake some days. Being creative about solving the problems life throws at you is a necessity. The way to reach your goal is not always a straight line.

Jan 12, 2017

How To Record A Double GST Payment?

I pay my GST annually once a year. I went to the bank and did so through the teller on October 15th for $500.00. On November 30th, the bank pulls the

Continue reading "How To Record A Double GST Payment?"

Jan 12, 2017

2016 Self Employment Taxes | FICA & CPP

Learn about self employment taxes for business owners working from their homes. You'll find information on US self employment tax (SICA) and required CPP contributions for the self employed in Canada.

Continue reading "2016 Self Employment Taxes | FICA & CPP "

Jan 12, 2017

U.S. Self Employment Income - Self Employment Tax

Self employment income is subject to U.S. self employment tax ... updated to 2017. You'll find information on estimated taxes, standard mileage rates and U.S. rules for business use of your car.

Continue reading "U.S. Self Employment Income - Self Employment Tax"

Jan 12, 2017

2017 Payroll Tax Deductions | U.S. & Canada

Payroll tax deductions are mandatory for small business owners in the U.S. and Canada. What is the employer's and employee's Social Security tax rate for 2017? What are the CPP and EI rates for 2017?

Continue reading "2017 Payroll Tax Deductions | U.S. & Canada"

Jan 12, 2017

CRA Auto Allowances | IRS Mileage Rates

What is CRA's tax free auto allowance for 2017? What is the IRS standard mileage rate for 2017? Find these and other business travel rates here.

Continue reading "CRA Auto Allowances | IRS Mileage Rates"

Jan 07, 2017

Minimum Wage Rates in Canada by Province

Canadian minimum wage rates and links to provincial and territorial employment standards; hours of work compliance; unclaimed/uncashed pay chequess

Continue reading "Minimum Wage Rates in Canada by Province"

Jan 05, 2017

CRA News for Home Based Business Owners

CRA news to help Canadian business owners doing their own bookkeeping keep abreast of relevant changes and announcements. You can stop worrying now whether you are up-to-date with government updates!

Continue reading "CRA News for Home Based Business Owners"

Jan 05, 2017

Canadian Bookkeeping and Tax Rates

Compliance tax rates that would be of interest to Canadian small business owners and bookkeepers who work from home.

Continue reading "Canadian Bookkeeping and Tax Rates"

Dec 31, 2016

5 Tips for Business Owners Looking to Organize Their Books

What will your New Year's resolution be? If you're like most small business owners, your New Year's resolution will likely have something to do with

Continue reading "5 Tips for Business Owners Looking to Organize Their Books"

Dec 31, 2016

Change P&L for Mortgage

I have a client who wants me to change her P&L so that it looks like she has a profit instead of the actual loss so that she can refinance her house.

Continue reading "Change P&L for Mortgage "

Dec 31, 2016

GST Administrative Adjustment

When you file sales tax with a balance of less than $2.00 the CRA states that a sales tax balance will not be charged (or refunded). On my Notice of Assessment

Continue reading "GST Administrative Adjustment"

Dec 25, 2016

Small Business Tax Information | U.S. Work From Home Business Owners References

U.S. small business tax information helps small business owners learn their compliance responsibilities. Deadlines updated monthly, IRS interest rates, payroll taxes, self-employment income and more.

Continue reading "Small Business Tax Information | U.S. Work From Home Business Owners References"

Dec 25, 2016

CRA and IRS Interest Rates | Small Business

CRA and IRS interest rates for corporate loans to shareholders, installment sales, under and over payment of taxes

Continue reading "CRA and IRS Interest Rates | Small Business"

Dec 25, 2016

Current Bookkeeping News | Handy Reference Page

Find current bookkeeping news for U.S. and Canadian self-employed business owners. Covers IRS news items, CRA news items, PST in BC and more.

Continue reading "Current Bookkeeping News | Handy Reference Page"

Dec 25, 2016

Tax Compliance in Canada | Small Business Due Dates

Canadian tax compliance due dates updated monthly. Also notes and references for 2016/2017 tax season deadlines, GST/HST, payroll source deductions, T4 and T4A information returns, WCB.

Continue reading "Tax Compliance in Canada | Small Business Due Dates"

Dec 21, 2016

How to correct a bank teller's error?

Hi: I have a software corporation with finances separate from my personal finances. I have separate business and personal accounts at the same bank (Wells

Continue reading "How to correct a bank teller's error?"

Dec 06, 2016

Delivering Business Documents to your Accountant

My accountant has said that her clients generally drop off their accounting documents in a secured package to her residential building concierge and this

Continue reading "Delivering Business Documents to your Accountant"

Dec 05, 2016

Input Tax Credits and Business Use of Your Personal Vehicle

How to claim the input tax credits for business use of your personal vehicle. Both sole proprietors and corporations are discussed. How ITCs and CCA on your personal vehicle are tied together.

Continue reading "Input Tax Credits and Business Use of Your Personal Vehicle"

Dec 01, 2016

Charging Client HST on Expenses

I really hope you can help clarify something for me. I have a question regarding charging our clients HST on some expenses (or reimbursements). We own

Continue reading "Charging Client HST on Expenses"

Nov 28, 2016

IRS News For U.S. Work From Home Business Owners

IRS news and other information that would be of interest to U.S. business owners who do their own bookkeeping or work from home bookkeepers. News on 2016 COLA & FICA.

Continue reading "IRS News For U.S. Work From Home Business Owners"

Nov 28, 2016

Payroll Tax Deposits | 7 Steps To Meet Your Requirements

This chat discusses IRS payroll tax deposits ... and withholding requirements. To help you meet your compliance obligations, you'll also find current tax remitting and filing due dates too!

Continue reading "Payroll Tax Deposits | 7 Steps To Meet Your Requirements"

Nov 26, 2016

Organized Recordkeeping Systems For Home Based Offices

A series of chats about recordkeeping systems to get and stay organized so you can get rid of those drawers of stashed receipts? Simple choices and guidelines to eliminate stress and panic.

Continue reading "Organized Recordkeeping Systems For Home Based Offices"

Nov 23, 2016

Recording Client List Purchase

Hi, When I started my business, I paid my former employer $2,500 for her client list. How do I record this? Hi Laila, John Day, MBA has a great

Continue reading "Recording Client List Purchase"

Nov 01, 2016

Current Payroll Tax Rates | Canadian Bookkeeping

2017 CPP rates released in November 1, 2016. 2017 EI rates released Sep. 14, 2016. Find current Canadian payroll tax rates and tips ... so you can meet your payroll compliance obligations.

Continue reading "Current Payroll Tax Rates | Canadian Bookkeeping"

Oct 07, 2016

Company Cheque Personal Expense

We purchased an ATV and my husband wrote it on the company account but it should have been a personal cheque. How can I fix this? If this is an

Continue reading "Company Cheque Personal Expense"

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