It's common practice for people to wait until the last minute to file their taxes.Rushing through the process increases the risk of making errors that would delay your tax return, add interest to any unpaid taxes, or result in an audit.Here are some tips to help you get your tax return in on time and error-free.…

In this video Arielle from Fix My Books will be teaching you guys the difference between a T1, T2, T3 and T4.

Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!

In this video Arielle from Fix My Books will be showing you how to file your T4's with the CRA using an Internet File Transfer (XML File) aka electronic transmittal.

Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!

In this video Arielle from Fix My Books will be showing you how to prepare your books for Tax Filing by doing a Year End Review of your financial statements in your Quickbooks Online Account or any other accounting software that you're using.

Here are some things we are going to look at:

1. Profit and Loss Statement

2. Balance Sheet

3. Accounts Receivable

4. Accounts Payable

5. HST Return and Balances

6. Property, Plant and Equipment (Fixed Assets) and Depreciation

7. Inventory and Cost of Goods Sold

Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!

In this video, Arielle from Fix My Books will be giving you an overview of the Top 5 Problems Businesses encounter during Tax Season!

In this video, Arielle from Fix My Books will be giving you an overview of the Top 5 Problems Individuals encounter during Tax Season!

Canada is in tax season again, and you are probably worried about filing your 2021 T1 personal taxes. Fix My Books has listed out some of most common deductions and credits that people miss when filing.

Alone, these deductions and credits may not add up to much, but if you have several they can make a big difference to your year end tax bill.

The temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province, while helping the tourism and hospitality sectors recover from the financial impacts of the COVID-19covid 19 pandemic.

Ontario residents can claim 20% of their eligible 2022 accommodation expenses, for example, for a stay at a hotel, cottage or campground, when filing their personal Income Tax and Benefit Return for 2022. You can claim eligible expenses of up to $1,000 as an individual or $2,000 if you have a spouse, common-law partner or eligible children, to get back up to $200 as an individual or $400 as a family.

The credit will provide an estimated $270 million in support to about 1.85 million Ontario families.

It can be a stressful time for most small business owners and it’s easy to let business deductions slip through the cracks, so here’s a cheat sheet for small business deductions.

It can be a stressful time for most small business owners and it’s easy to let business deductions slip through the cracks, so here’s a cheat sheet for small business deductions.