Quick Tips: Avoid These Common MistakesWhen Filing at the Last Minute
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.…
How To: File T4s with CRA using XML File (2022 Tax Year)
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!
How To: Tax Filing Prep - Year End Review of your Quickbooks account
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!