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.
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.
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.
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.
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
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.
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!
IRS interest rates for corporate loans to shareholders, installment sales, under and over payment of taxes
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.
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.
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
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!
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.
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
Effective May 1, 2010, the place of supply rules for IPP and services changes. They are now based on customer location. Deals with online sales, out-of-province sales, non-resident sales.
Explaining the basic accounting concepts and framework around which Canadian GAAP and ASPE was developed. ASPE became effective January 1, 2011 in Canada. An overview of what changed.
Self employment income is subject to U.S. self employment tax. You'll find information on estimated taxes, standard mileage rates and U.S. rules for business use of your car ... updated to 2016.
I have a client that his financial records for his business and his personal are kept in 2 different QuickBooks (QBs) files. He just changed to a bad practice:
Canadian minimum wage rates and links to provincial and territorial employment standards; hours of work compliance; unclaimed/uncashed pay chequess
There is nothing worse than being in the middle of an audit with the CRA or IRS and not having your paperless statements or bills you need because you didn't download the information!
Learn CRA's and IRS's policies about accepting scanned receipts in place of original source documents ... they are different!
Sending sensitive information in an email is NOT a good idea. Explore your options on how to best transmit financial documents online and prevent identity theft.
Office document imaging lets you organize your paperless documents. The Paperless Document Organization eGuide leads you easily and systematically through the process of how to go paperless.
As an accountant that now specializes in payroll, I had not known about this program until I started learning more about payroll. I now tell clients and
For the work from home business owner who does their own bookkeeping, learning QuickBooks® tips to avoid beginner mistakes makes your life a whole lot easier! Ask your beginner QuickBooks® question.
If my year end is Sept 30th, then my question is this -- Does Sept 30th 2016 represent my YEAR-END for 2015??? I am always so confused by this - as the
I've been working, or attempting to work, with a new client for approximately 2 months now. It is a small service based business with 6 employees. I have
Cash management is a barometer of your business’ health. As long as you have cash flowing in and out of your business, you can keep the doors open for business, even if you are not profitable.