Quick Tips: CRA: When is my GST/HST Payment Due?
In this video Arielle from Fix My Books will be teaching you how to find out when your GST Payments are due.
CRA My Business Account Sign In: 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!
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.…
Quick Tips: CRA: When are taxes due for Individuals?
In this video Arielle from Fix My Books will be teaching you when your taxes are due as an individual.
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/important-dates-individuals.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!
Quick Tips: Whats the difference between Sales Revenue Gross Profit and Net Profit?
In this video Arielle from Fix My Books will be teaching you the difference between:
1. Sales/ Revenue / Top Line
2. Gross Profit
3. Net Profit / Bottom Line
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!
Quick Tips: What are Canada Revenue Agency (CRA) Installment Payments?
In this video Arielle from Fix My Books will be teaching you about what Installment Payments are, who's required to make these installment payments and how to find out if you're required to pay, when you need to pay and how much.
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!
Quick Tips: What is Earned Income according to the Canada Revenue Agency?
In this video Arielle from Fix My Books will be teaching you about the different types of income that constitutes Earned Income. This is important as this affects your Registered Retirement Savings Plan (RRSP) Contribution room!
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!
Quick Tips: What is a Tax-Free First Home Savings Account (FHSA)
In this video Arielle from Fix My Books will be teaching you about the new Tax-Free First Home Savings Account (FHSA) that will be available this year (2023).
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!
Quick Tips: What is a Notice of Assessment / Notice of Reassessment from the Canada Revenue Agency (CRA)?
In this video Arielle from Fix My Books will be teaching you the difference between:
1. Express Notice of Assessment
2. Notice of Assessment
3. Notice of Reassessment
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!
Quick Tips: T1 vs. T2 Vs. T3 vs. T4 - What's the difference?
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!
Quick Tips: Best Accounting Software (Xero vs. QBO vs. Freshbooks vs. Wave vs. Sage)
In this video Arielle from Fix My Books will be showing you a high level overview of which accounting software would be right for your business.
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!
Quick Tips: Top 10 Mistakes Shopify Store Owners Make
In this video, Arielle from Fix My Books will be giving you an overview of the top 10 mistakes Shopify owners make when starting out, and how to avoid them!
Quick Tips: Top 5 Problems during Tax Season of Businesses
In this video, Arielle from Fix My Books will be giving you an overview of the Top 5 Problems Businesses encounter during Tax Season!
Quick Tips: Top 5 Problems During Tax Season of Individuals (Personal Tax)
In this video, Arielle from Fix My Books will be giving you an overview of the Top 5 Problems Individuals encounter during Tax Season!
Quick Tips: 5 Things You Should Know About Your Business
In this video, Arielle from Fix My Books will be giving you an overview of the top 5 pieces of information you should know about your business!
Quick Tips: Common Quickbooks Online HST Error for Shopify, Amazon & Etsy Sellers who use A2X
In this video, Arielle from Fix My Books will be giving you an overview of the most common HST Error that happens in Quickbooks Online: The HST return and the GST/HST Payable amount on the balance sheet are not matching. I will show you what is causing the error, how to find the error quickly and how to fix it in Quickbooks.
This is very common with Ecommerce Sellers on Shopify, Amazon & Etsy who use A2X to publish their Sales to Quickbooks Online. The error usually happens when you forget to tag the HST line on the Journal Entry of A2X.
Quick Tips: HST Tips & Tricks (Zero-Rated vs. Out-of-Scope)
In this video, Arielle from Fix My Books will be giving you an overview of the three types of 0% Sales Tax in Quickbooks. The differences between Zero-rated, Exempt and Out of Scope and how these affect your Sales Tax (HST) Return. She will also show you how to properly enter Meals & Entertainment expenses where you can only claim half of the ITC's (Input Tax Credits).
Quick Tips: Sole Proprietorship vs. Corporation in Canada
In this video Arielle will be giving you guys an overview of the pros and cons of Sole Proprietorships and Corporations in Canada, which business structure would be better suited to your personal situation and some things you should consider before making a decision.
Quick Tips: Salary / Wages vs Dividends Canada: How to pay yourself as a business owner!
In this video Arielle will be giving you guys an overview of how to pay yourself a business owner, whether you should do it through Salaries or Dividends. The pros and cons of Salaries vs. Dividends, how this affects your RRSP Contribution room and some things you should consider before making a decision.
Quick Tips: What Happens When Business Owner’s Take Money Out of The Company
In this video, Arielle from Fix My Books, will be giving you guys an overview of how a shareholder loan functions, what happens when a business owner takes money out of the company, gives the money company or decides to take dividends.
Quick Tips: What is an Income Statement?
In this video, Arielle from Fix My Books, will be teaching you what an Income Statement is, why you need it, and how it can help you understand your business's performance and help you make better business decisions.