Pricing is one of the most important factors that has a direct impact on your profit. Pricing is how much you charge for your service. A pricing strategy is simply that—a strategic plan and it's a very significant one. If you don't approach it in this way, you can struggle to decide how much to charge. If you stumble for too long, you might never get it back. Pricing can make or break the lifespan and health of your business, regardless of your sector, product, or service. Let's dig into pricing 101.

There are a variety of measurements that will actually allow you to determine the health of your business . While some techniques might be excellent business metrics, others might not be suitable or appropriate. With that in mind, let’s get pretentious about finance and explore the things that will help you determine if your company is in good financial health….

The word "audit" is one of the things that scares business owners the most. I've compiled 10 warning signs for an CRA audit that you should watch out for…

In this video Arielle from Fix My Books will be showing you how to calculate your RRSP contribution limit and how to find your RRSP Contribution limit (without any calculations).

• RRSP Contribution limit calculator: https://www.ratehub.ca/investing/rrsp-contribution-limit

• How is your RRSP deduction limit calculated: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/contributing-a-rrsp-prpp/contributions-affect-your-rrsp-prpp-deduction-limit.html

• CRA Worksheet on how to calculate earned income: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4040/rrsps-other-registered-plans-retirement.html#stp_2chrt_3

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 calculate how much taxes you will be paying on your bonus.

https://www.wealthsimple.com/en-ca/tool/tax-calculator

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!

With the midyear of 2023 quickly approaching, it’s a great time to perform a budget checkup to help evaluate how your business is performing and determine whether any adjustments should be made to ensure a successful year-end. Consider these key areas of your budget when conducting a midyear review…

An emergency fund is an essential part of a solid financial plan. It can help you pay unexpected expenses and avoid taking on more debt from high-interest credit cards or loans. You can build up your business cash reserve account in several ways…

A mid-year financial assessment is the best way to evaluate whether or not you are on target to hit your goals. It’s also the perfect time to pivot if you’ve gotten off track. However, to point yourself back in the right direction, you have to know where you’re currently standing…

In this video Arielle from Fix My Books will be showing you where to find the PD7A form in Quickbooks Online.

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 most businesses, collections are made only when there’s a need to offset a pending bill. This is because collection calls are not only tedious but could also create tension with customers, thus jeopardizing the business’s future. Follow these tips to get clients to pay faster for your services…

In this video Arielle from Fix My Books will be showing you how to use the CRA processing times calculator and when to expect your refund.

https://www.canada.ca/en/revenue-agency/corporate/contact-information/check-cra-processing-times.html

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 find out if you need to make instalment payments and how to calculate and pay Instalment payments.

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t7b-corp/corporation-instalment-guide.html#D_y_nd

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!

Nicole Hart from Supernova Sites and Arielle A Smith from Fix My Books for this in depth tutorial on how to add taxes to your Wordpress website - Canadian edition.

This video explains the basics of tax every Canadian entrepreneur needs to know including where to set up a GST/HST number, when you should start charging tax, how to charge tax on different products (physical vs. downloadable), and how to charge your customers the correct tax % by province.

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 adjust/amend an HST Return.

CRA Login: https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html

Check out how to file an HST Return here: https://youtu.be/MtZYniyArV4

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 pay your HST owing using:

1. CRA Make a Payment - https://bit.ly/3NAvNVH

2. PaySimply - https://www.paysimply.ca/cra/

3. Plastiq - https://www.plastiq.com/cra-blp/

Check out how to file an HST Return here: https://youtu.be/MtZYniyArV4

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 showing you how to find your Business Number using your CRA My Business account.

CRA Login: https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html

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 find your T4's using your CRA account.

CRA Login: https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html

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 find your RRSP Deduction Limit & TFSA Contribution Room.

CRA Login: https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html

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!