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.
CRA and IRS interest rates for corporate loans to shareholders, installment sales, under and over payment of taxes
Updated monthly. Canadian tax filing deadlines and due dates for GST/HST, PST, payroll source deductions, T4 and T4A information returns, WCB, business income tax returns.
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.
Are cell phones fully deductible? My client is using 2 cell phone and I am not sure if they are both fully deductible. Is there a rule on this? If using
As the February deadline approaches, we all scramble to aggregate information for T4A reporting. The T4As and T5018s information is not organically available (yet) in QBO. Here is a workaround option.
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.
Small business accounting is accomplished by performing basic bookkeeping procedures consistently. Find examples of how to record basic journal entries and learn basic bookkeeping practices.
Basic information on maintaining the corporate minute book and your annual registration requirements ... also referred to as The Annual Report.
Do you want a QBO - PayPal data sync? There are three ways to import your PayPal transactions into QBO. Determine what option is best for you. Plus I share a low-tech method as well.
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!
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.
Hubdoc's powerful fetch function allows you to upload a bank csv file to QBO if a bank feed in QBO is not an option.
I hope you can help me with the following (simplified) example of a problem that I'm facing. I'm self-employed, running a Canadian corporation dealing
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
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.
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.
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?
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.
Canadian minimum wage rates and links to provincial and territorial employment standards; hours of work compliance; unclaimed/uncashed pay chequess
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!
Compliance tax rates that would be of interest to Canadian small business owners and bookkeepers who work from home.
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
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.
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
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.