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.
Self employment income is subject to U.S. self employment tax ... updated to 2023. 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"
Learn about self employment taxes for business owners working from home ... US self employment tax (SICA) & required CPP contributions for self employed in Canada.
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"
What is CRA's tax free auto allowance for 2023? What is the IRS standard mileage rate for 2023? Find these and other business travel rates here.
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"
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 2023 COLA & FICA.
Continue reading "IRS News For U.S. Work From Home Business Owners"
Compliance tax rates of interest to Canadian small business owners and bookkeepers who work from home. Includes tax free automobile allowance rates.
Basic information on maintaining the corporate minute book and your annual registration requirements ... also referred to as The Annual Report.
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!
2023 CPP rates released Nov 1, 2022. 2023 EI rates were released in Sep 2023. Find current Canadian payroll tax rates and tips ... so you can meet your payroll compliance obligations.
Continue reading "Current Payroll Tax Rates | Canadian Bookkeeping"
Small business accounting and bookkeeping checklist ... how to package your recordkeeping information for your bookkeeper and/or accountant ... ensuring your year end will go as smoothly as possible.
Continue reading "Bookkeeping Checklist | Accounting Checklist"
Canadian tax compliance due dates. Notes & references for 2021/2022 tax season deadlines, GST/HST, payroll source deductions, T4 & T4A information returns, WCB.
Continue reading "Tax Compliance in Canada | Small Business Due Dates"
Canadian tax filing deadlines and due dates for GST/HST, PST, payroll source deductions, T4 and T4A information returns, WCB, business income tax returns.
The Bookkeeper's Notes, part 1 on Canadian corporate bookkeeping and income tax for a CCPC.
How to perform monthend bookkeeping tasks manual. 21 simple steps for work from home business owners who manage their own set of books. You can have accurate and timely internal financial statements.
I get self-employment professional income reported on T4As from several different sources and although they are for work that is essentially similar, every
Continue reading "What to do with T4A slips received from customers / clients"
While reading and participating in various online bookkeeping groups, I noticed the question is arising as to how you can download all the attachments
The Bookkeeper News and Reference Page is for the hard working, self-employed business owner. Find U.S. and Canadian small business news ...
Continue reading "US & Canadian Bookkeeper News and Handy Reference Page"
Automate sending business payments online with an Ablii workflow. Seamlessly integrates with QBO. Multiple approvals available. $0.75 for each domestic transaction.
Can I claim meals with my wife as a business deduction? We talk about the business at some point during the meal.
Automate sending and receiving payments online with a Plooto workflow. Seamlessly integrates with QBO. Dual stage authorization. $25 per month monthly fees introduced effective August 31, 2019.
Editor: links updated 2019-08 Are cell phones fully deductible? My client is using 2 cell phone and I am not sure if they are both fully deductible.
Tips on how to optimize Chrome browser features for cloud accounting software like QBO (QuickBooks Online) and other cloud accounting related software. You need to know this stuff if you are using QBO!
Canadian minimum wage rates and links to provincial and territorial employment standards - good for backwork; hours of work compliance; unclaimed/uncashed pay cheques
Effective May 1, 2010, the place of supply rules for IPP and services changes. They are now based on customer location. New QST rules for non-residents went into effect in 2019. Learn about online sales, out-of-province sales, non-resident sales.
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