News & Updates
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Fix My Books: Arielle Smith's Journey in Bookkeeping and Beyond
USA Today - July 17, 2024
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Learn How This Enterprising Immigrant Built An Award-Winning Bookkeeping Business
Benzinga - May 24, 2024
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Fix My Books Offers Solution For Remote Work To End Accounting Brain Drain
Yahoo Finance - April 23, 2024
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YourTV Niagara Interview
YourTV Niagara - March 19, 2024
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Leveraging Technology to Stand Out in the Marketplace
CPB Journal Numbers & Sense - Vol 2 Q2 2023
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2023 WIBAs: Equity Entrepreneur Award
Greater Niagara Chamber of Commerce - November 15, 2023
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Grew a Successful Accounting and Bookkeeping Firm from Scratch
ClientHub - March 18, 2022
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Top Tax Deductions Freelancers (Almost Always) Miss
WomenWhoFreelance - February 3, 2021
Blogs
Stay informed with latest updates from Canada Revenue Agency and the Fix My Books Blog.
📋 Are you managing corporate records or preparing for a company dissolution? This video is your ultimate guide to legal compliance and efficient record-keeping for Canadian businesses!
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
Are you planning to dissolve your Canadian-Controlled Private Corporation (CCPC)? In this video, we provide a detailed guide on the legal process, including preparing and filing Articles of Dissolution, notifying stakeholders, and canceling business licenses and permits.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this video, learn the step-by-step process for filing the final T2 Corporation Income Tax Return, obtaining a clearance certificate, and distributing remaining assets when dissolving a corporation in Canada. We’ll guide you through each requirement, from submitting Form TX19 to finalizing all tax obligations with the CRA.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this third part of our series on dissolving a Canadian-controlled private corporation (CCPC), we will help you navigate the final stages of dissolution, including paying off debts, notifying creditors, and distributing remaining assets. We break down the legal, financial, and tax obligations involved in closing your business, so you can ensure a smooth and compliant dissolution process.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this second part of our series on dissolving a Canadian-controlled private corporation (CCPC), we'll walk you through the key steps, from obtaining a resolution from the board of directors to securing shareholder approval. Learn what a resolution authorizing the dissolution is, what needs to be included in this document, and how to successfully obtain the necessary approvals.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this first part of our series on dissolving a Canadian-controlled private corporation (CCPC), we walk you through the essential steps of reviewing corporate documents to ensure compliance. Properly closing a business involves more than just filing paperwork – it requires a detailed review of the corporation's minute book, articles of incorporation, bylaws, and shareholder agreements.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
Are you looking to close your Canadian Controlled Private Corporation (CCPC) but unsure of the steps involved? In this comprehensive tutorial, we’ll guide you through the process of legally dissolving your CCPC, ensuring compliance with Canadian regulations.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this step-by-step tutorial, you’ll learn how to record a GST/HST instalment payment in QuickBooks Online specifically for Canadian businesses. Keeping your taxes organized is essential for accurate bookkeeping and tax filing, and this video will guide you through the simple process of entering your GST/HST payments properly.
Whether you’re a small business owner, bookkeeper, or accountant in Canada, this guide is perfect for ensuring your instalment payments are correctly recorded to avoid any mistakes with the CRA (Canada Revenue Agency).
Ever wondered what a day in the life of a remote bookkeeper looks like? In this video, I’ll walk you through my typical work-from-home routine as a remote bookkeeper and tax professional. From managing my to-do list with a Kanban board to handling payroll and filing tasks, you’ll get an inside look at how I stay productive, manage clients, and balance business operations all from my home office.
Welcome to our channel! In today’s video, we’re taking you on a comprehensive tour of the CRA My Business Account. Whether you're a new business owner or an experienced entrepreneur, managing your CRA business account efficiently is crucial for compliance and smooth operations. We’ll cover everything from account setup to daily maintenance, ensuring you get the most out of this essential tool. Stay tuned for an in-depth overview and practical tips on maintaining your CRA My Business Account.
Welcome to our channel! In today's video, we're exploring the critical reasons why bookkeeping is essential for every business. Whether you're a small business owner or managing a large corporation, bookkeeping plays a pivotal role in your financial health and success. From tracking financial performance to making informed decisions, we’ll highlight why you can’t afford to neglect this vital aspect of your business operations. Stay tuned to discover the importance of proper bookkeeping!
Welcome to our channel! In today's video, we're sharing practical tips and best practices for maintaining proper bookkeeping. Accurate and efficient bookkeeping is crucial for ensuring your business stays compliant and financially healthy. Whether you're a small business owner or managing a large enterprise, these strategies will help you keep your financial records in order. Stay tuned to learn how to streamline your bookkeeping processes and avoid common pitfalls.
Welcome to our channel! In today’s video, we’re uncovering the serious risks and negative consequences of neglecting bookkeeping. Proper bookkeeping is vital for maintaining financial health and ensuring business success. From financial mismanagement to potential business failure, we’ll explore the dangers of not having a solid bookkeeping system in place. Stay tuned to learn how you can protect your business from these pitfalls.
Welcome to our channel! In today’s video, we’re diving into the serious consequences of improper bookkeeping. Understanding the legal and financial penalties that can arise from poor bookkeeping practices is crucial for every business owner. We’ll highlight common mistakes and provide tips on how to avoid these costly errors. Stay tuned to protect your business from unnecessary risks.
Welcome to our channel! In today's video, we're uncovering the numerous benefits of bookkeeping for your business. Whether you're a small business owner or managing a large corporation, proper bookkeeping is essential. From maintaining accurate financial records to improving cash flow management, we'll explore how effective bookkeeping can enhance your business's success.
Welcome to our channel! In today's video, we're diving into the essentials of bookkeeping and accounting. If you've ever wondered about the differences between these two crucial financial processes, this video is for you. We’ll break down what bookkeeping entails and how it supports your overall accounting process. By the end, you'll have a clear understanding of why both are vital for your business's success.
Welcome to our channel! In today's video, we delve into the crucial role bookkeeping plays in your business's success. Whether you're a small business owner or running a large corporation, understanding bookkeeping is essential. We'll cover the basics, highlight the benefits, and explain the penalties and negative consequences of neglecting this vital aspect of your business. Stay tuned for practical tips on maintaining proper bookkeeping practices!
Welcome to our channel! In this video, Ashlin Hadden shares valuable insights on eCommerce insurance, specifically tailored for Amazon sellers. Learn about risk management, business protection, and essential tips for ensuring your small business is covered. Whether you're just starting out or looking to enhance your insurance strategy, this comprehensive guide has everything you need to know. Watch now to safeguard your Amazon FBA business and gain a competitive edge in the eCommerce industry.
Welcome to our channel! In this video, we dive into everything you need to know about Canada Revenue Agency (CRA) reviews, audits, and taxpayer rights. Whether you're a taxpayer or a professional navigating the CRA process, understanding these key points is crucial.
In this video I will be teaching you guys how to transfer your RRSP correctly and avoid what the CRA will consider an RRSP withdrawal!
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, we delve into the key disparities between a CRA Notice of Collection and a Notice of Assessment, crucial aspects of taxpayer responsibilities. Understanding these government notices is essential in navigating tax disputes, safeguarding taxpayer rights, and ensuring legal compliance with financial obligations. Join us to learn how Revenue Canada issues these notices in the realm of Canadian taxes and how they impact tax preparation processes.
In this video, we delve into a comprehensive guide on understanding the CRA's Demand to File Notice.
We cover compliance tips, tax obligations, income reporting, and tax planning strategies to navigate through regulatory requirements effectively.
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!
We will be teaching you guys what a T4RSP is, what circumstances will lead to one being issued to you and absolute no-no's with regards to your RRSP!
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!
We will be teaching you guys how to get your Tax Returns filed for free! Check the video for details and eligibility!
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!
We will be teaching you guys all about the different types of engagements you can have with your CPA or Tax Preparer - and no, you are not getting married!
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!
What if there is a mistake on your Tax Return? Are you liable? What if it was prepared by a CPA or Tax Preparer - can you still get into trouble? We dive into the nitty gritty details of your responsibilities when you sign a tax return!
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!
This is Arielle’s interview with YourTV Niagara for International Women's Day. So proud and happy to be able to represent the Filipino community in Canada and be an inspiration to other immigrants as well!
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 we will be talking about the difference between Bookkeepers and Tax Preparers!
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 we will be talking about Bookkeepers and what to know before hiring a Bookkeeper.
What to expect
Things to look out for (Red Flags!)
The different stages of hiring your outsourced Bookkeeper
Tips and Tricks for you to start off your working relationship on the right foot!
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 honor of National Bookkeeping week, we decided to make this video! In this video we will be talking about Bookkeepers and Bookkeeping in General.
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!
If you want to ask for penalty and interest relief, you must send your request within 10 years from the end of the calendar year or fiscal period of concern. The CRA may also cancel interest and penalties that accrued within 10 calendar years of the year you made the relief request, regardless of the tax year or reporting period in which the debt originated.
No matter how you file your income tax and benefit return, the Canada Revenue Agency (CRA) is committed to making sure you get any refund, benefit, or credit payments that you may be eligible for. If you’re planning to file on paper this year, keep reading—this information is for you!
The Canada Revenue Agency provides a range of federal tax credits aimed at helping your business save money. By claiming these tax credits, you can lower your taxable income or lower the amount of tax you owe. To help you find which credits you may be eligible for, we’ve put together this handy resource.
Starting in spring 2025, the Canada Revenue Agency (CRA) will transition to online mail as the default method of delivering most business correspondence. This means you’ll start receiving most of your business notices and other correspondence through the CRA’s secure online portal, My Business Account, instead of by mail.
This Financial Literacy Month (FLM) we are talking about money and sharing with you ways to improve your finances through improved tax literacy. Tax know-how doesn’t happen overnight, and that’s okay. Every bit of knowledge you gain can have a big impact on your financial health. We’re here to guide you, one step at a time.
Starting January 2025, there will be updates to how information returns are filed electronically. If you file information returns, such as the T3 (trust income), T4 (remuneration paid), T4A (pension and other income), or T5 (investment income), here are some important changes you need to be aware of…
November is Financial Literacy Month and this year, the theme is “Money on your mind? Talk about it”. Talking about money is not easy – we get it. However, improving your tax literacy can be directly beneficial to you!
Tax literacy means knowing how to make informed tax decisions with confidence. We are dedicated to boosting tax knowledge by helping you understand your tax responsibilities as well as the benefit and credit payments available to you.
In 2024, a second earnings ceiling was introduced, the Year’s Additional Maximum Pensionable Earnings (YAMPE). The YAMPE is used to determine second additional Canada Pension Plan contributions (CPP2). In 2024, the YAMPE is approximately 7% above the Year’s Maximum Pensionable Earnings (YMPE). In 2025 and every year after, the YAMPE will be approximately 14% above the YMPE.
The Canada Revenue Agency (CRA) will not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust) for the 2024 tax year, unless the CRA makes a direct request for these filings. This is a continuation of the exemption from the trust reporting requirements that was issued for bare trusts for the 2023 tax year.
As we approach the end of this year’s Cyber Month, the Canada Revenue Agency (CRA) is reiterating the importance of safeguarding personal information from ever-evolving cyber security threats.
The security of taxpayer information is of the utmost importance for the CRA and we are continually enhancing our security measures to help prevent unauthorized access to taxpayers’ information:
Crypto-assets are digital assets that exist on a cryptographically secured distributed ledger. There are many types of crypto-assets, the most common being cryptocurrencies, such as Bitcoin, Ethereum and Tether. Transactions related to crypto-assets often have tax implications and must be reported on your income tax return.
If you’re a crypto-asset user, knowing whether your transactions resulted in a capital gain (or loss) or in business income (or loss) is important because it may affect your taxes.
Crypto-assets are digital assets that exist on a cryptographically secured distributed ledger. There are many types of crypto-assets, the most common being cryptocurrencies, such as Bitcoin, Ethereum and Tether. Transactions related to crypto-assets often have tax implications and must be reported on your income tax return.
Whether the earnings you make from online platforms is your main source of income, or a small part of it, you are considered to be a platform economy participant. When it’s time to file your taxes, you must report all sources of your income, including gifts and donations.
Each area of the platform economy is unique, and participants can have different tax obligations.
For example, in general, if you provide goods or services and earn more than $30,000 over four calendar quarters, then you must collect and send the related goods and services tax / harmonized sales tax (GST/HST) to the Canada Revenue Agency (CRA). However, if you earn income from ridesharing, you must collect and send the GST/HST to the CRA regardless of the amount you earn.
The Scientific Research and Experimental Development (SR&ED) tax incentive program provides over $3.7 billion annually in tax incentives to businesses who conduct research and development in Canada. The program is available to businesses of all sizes and in all sectors, including biomedical technologies, clean technologies, electrical engineering, and more. For information on what work is eligible for SR&ED, visit What work is eligible.
As we celebrate Small Business Week from October 20 to 26, the Canada Revenue Agency (CRA) is here to support Canada’s small business community. This week is dedicated to helping you connect, learn, and grow your business knowledge. We’re excited to share tax resources, tools, and services to help you tackle the challenges of running a business and keeping your tax affairs in check.
Hi, I’m Charlie! Charlie the chatbot. You can find me on the Canada.ca/CRA webpage where I can answer questions about your business and other tax-related matters. From January to June 2024, I was asked just over 1,100,000 questions in English and 160,000 questions in French. As we head into Small Business Week 2024, I am here to give you some information about business taxes based on questions that I’ve received from others.
The Canada Revenue Agency (CRA) would like to highlight new information about the Canada Carbon Rebate for Small Businesses, a refundable tax credit designed to support small and medium-sized enterprises across Canada. This initiative aims to return a portion of the federal fuel charge proceeds directly to eligible Canadian-controlled private corporations (CCPCs).
Note that businesses do not need to apply for this rebate. Those who are eligible will automatically receive the payment.
Every October, Cyber Month highlights the importance of safeguarding personal information from ever-evolving cyber security threats.
The security of taxpayer information is of the utmost importance for the Canada Revenue Agency (CRA) and we are continually enhancing our security measures to help prevent unauthorized access to taxpayers’ information.
The Canada Revenue Agency (CRA) understands that many businesses continue to change in response to new economic challenges and opportunities. As you undergo business changes, you may face different requirements in managing your tax affairs, and we are here to help, year-round, with your unique business needs.
You may be affected by Canada’s new Reporting Rules for Digital Platform Operators if you use digital platforms to earn income. These rules have been implemented to increase transparency and support compliance in the international tax community.
Under the rules, certain platform operators are now required to collect and report information on sellers considered to be reportable sellers to the Canada Revenue Agency (CRA). If you are a reportable seller, be aware of what is being reported by your platform operator(s) to ensure it’s accurate and consistent with what you report under existing tax obligations.
New reporting requirements for digital platforms have been implemented to increase transparency and support compliance in the international tax community. These reporting requirements are known as the Reporting Rules for Digital Platform Operators.
Under the rules, reporting platform operators are now required to collect and report information on sellers considered to be reportable sellers to the Canada Revenue Agency (CRA).
Tax literacy is an important life skill, and we want to make sure that students have the knowledge, skills, and confidence to make the right decisions about taxes. This back-to-school season, we’ve got you covered! Whether you are an educator, a parent, or an organization that supports educational growth, there are many resources that you can take advantage of this academic year.
Heading back to school? Make sure tax literacy is on your course calendar! Understanding taxes will help you make smart decisions about your finances – how to put money in your pocket and help you save for a holiday, a car, or a house of your own.
This July, the Canada Revenue Agency (CRA) expanded its SimpleFile services (phone, digital, and paper) to invite more than 500,000 eligible lower-income individuals to file their return and potentially gain access to important benefit and credit payments.
As of June 20, 2024, certain psychotherapists and counselling therapists are no longer required to collect the GST/HST on their services. The Canada Revenue Agency wants to ensure that all providers of these types of services have the information they need to determine their tax situation and take any next steps, such as closing their GST/HST account.
The July 15 deadline approaches to be eligible for the Canada Carbon Rebate for Small Businesses. This refundable tax credit announced in Budget 2024 returns a portion of federal fuel charge proceeds directly to an estimated 600,000 small and medium businesses.
What is changing starting January 2025:
T619 electronic transmittal
Submitting one information return type per file
Early system shutdown notification, 2024
The Canada Revenue Agency (CRA) is responsible for collecting individual overpayments for all COVID-19 benefit programs, such as the Canada Emergency Response Benefit (CERB), the Canada Recovery Benefit (CRB) and the Canada Worker Lockdown Benefit (CWLB).
Starting in July 2024, for individuals who have not responded or co-operated, and who have been determined to have the financial capacity to pay, legal warnings will be issued and legal measures could be taken to recover monies owed. Legal measures are only taken when there is no cooperation from an individual with ability to repay the debt.
Whether you’re here for the heat or not – we know one thing will never go out of season: benefit and credit payments and tax-free savings.
Read on to find out what’s new, what’s changing, and what payments you could receive to help you beat the heat.
Helpful Hints!
If you find Quickbooks Online, accounting and bookkeeping confusing… we’ve got you covered!
How To Videos
📋 Are you managing corporate records or preparing for a company dissolution? This video is your ultimate guide to legal compliance and efficient record-keeping for Canadian businesses!
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
Are you planning to dissolve your Canadian-Controlled Private Corporation (CCPC)? In this video, we provide a detailed guide on the legal process, including preparing and filing Articles of Dissolution, notifying stakeholders, and canceling business licenses and permits.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this video, learn the step-by-step process for filing the final T2 Corporation Income Tax Return, obtaining a clearance certificate, and distributing remaining assets when dissolving a corporation in Canada. We’ll guide you through each requirement, from submitting Form TX19 to finalizing all tax obligations with the CRA.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this third part of our series on dissolving a Canadian-controlled private corporation (CCPC), we will help you navigate the final stages of dissolution, including paying off debts, notifying creditors, and distributing remaining assets. We break down the legal, financial, and tax obligations involved in closing your business, so you can ensure a smooth and compliant dissolution process.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this second part of our series on dissolving a Canadian-controlled private corporation (CCPC), we'll walk you through the key steps, from obtaining a resolution from the board of directors to securing shareholder approval. Learn what a resolution authorizing the dissolution is, what needs to be included in this document, and how to successfully obtain the necessary approvals.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this first part of our series on dissolving a Canadian-controlled private corporation (CCPC), we walk you through the essential steps of reviewing corporate documents to ensure compliance. Properly closing a business involves more than just filing paperwork – it requires a detailed review of the corporation's minute book, articles of incorporation, bylaws, and shareholder agreements.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
Are you looking to close your Canadian Controlled Private Corporation (CCPC) but unsure of the steps involved? In this comprehensive tutorial, we’ll guide you through the process of legally dissolving your CCPC, ensuring compliance with Canadian regulations.
Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC).
In this step-by-step tutorial, you’ll learn how to record a GST/HST instalment payment in QuickBooks Online specifically for Canadian businesses. Keeping your taxes organized is essential for accurate bookkeeping and tax filing, and this video will guide you through the simple process of entering your GST/HST payments properly.
Whether you’re a small business owner, bookkeeper, or accountant in Canada, this guide is perfect for ensuring your instalment payments are correctly recorded to avoid any mistakes with the CRA (Canada Revenue Agency).
In this video I will be teaching you guys how to transfer your RRSP correctly and avoid what the CRA will consider an RRSP withdrawal!
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 I will be teaching you about Hiring your first Bookkeeper!
What to expect
Things to look out for (Red Flags!)
The different stages of hiring your outsourced Bookkeeper
Tips and Tricks for you to start off your working relationship on the right foot!
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 I will be teaching you guys all about how to file your 2023 T4's with the CRA using Quickbooks Online.
In this video I will be teaching you guys all about the new T4 reporting requirements for Employers in 2024 and how to enter this information in Box 45 of your employees T4's in Quickbooks Online!
In this video Arielle from Fix My Books will be talking about How to Record Shopify Capital Loan in your Quickbooks Online Account.
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 talking about How to Record HST Payment to the CRA with Bank Charge via PaySimply 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 this video Arielle from Fix My Books will be talking about how to record an HST Refund with Interest in your Quickbooks Online account.
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 teaching you how to record customer deposits in Quickbooks Online.
There will be four steps in this video:
Setup of the Customer Deposits Item & Account
Creating a Customer Deposit Invoice
Creating a Sales Invoice
Applying the Customer Deposit towards the Sales Invoice
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 respond to an HST audit by the Canada Revenue Agency (CRA) and the most common reasons why you are going through an HST Audit.
Arielle will be showing you guys what a real audit letter looks like and the most important information you need to remember from the Audit Letter!
Arielle will also show you how to find the reports and documents the CRA wants from you in order to respond to the Audit Letter and ensure that you have all the documents and/or invoices and receipts the audit letter is asking for.
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 respond to an HST audit by the Canada Revenue Agency (CRA) and the most common reasons why you are going through an HST Audit.
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 I started my bookkeeping firm in Canada.
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 I became a bookkeeper in Canada as an immigrant. My journey to become a bookkeeper started long before I even landed in Canada!
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!
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…
Quickbooks Online Tutorials
Fix My Books will be giving an overview of how to record PayPal Sales in Quickbooks Online.
In this video, Arielle from Fix My Books, will be teaching you how to migrate to Quickbooks Online from a different accounting software by entering opening balances from the balance sheet.
Quick Tips
Ever wondered what a day in the life of a remote bookkeeper looks like? In this video, I’ll walk you through my typical work-from-home routine as a remote bookkeeper and tax professional. From managing my to-do list with a Kanban board to handling payroll and filing tasks, you’ll get an inside look at how I stay productive, manage clients, and balance business operations all from my home office.
Welcome to our channel! In today’s video, we’re taking you on a comprehensive tour of the CRA My Business Account. Whether you're a new business owner or an experienced entrepreneur, managing your CRA business account efficiently is crucial for compliance and smooth operations. We’ll cover everything from account setup to daily maintenance, ensuring you get the most out of this essential tool. Stay tuned for an in-depth overview and practical tips on maintaining your CRA My Business Account.
Welcome to our channel! In today's video, we're exploring the critical reasons why bookkeeping is essential for every business. Whether you're a small business owner or managing a large corporation, bookkeeping plays a pivotal role in your financial health and success. From tracking financial performance to making informed decisions, we’ll highlight why you can’t afford to neglect this vital aspect of your business operations. Stay tuned to discover the importance of proper bookkeeping!
Welcome to our channel! In today's video, we're sharing practical tips and best practices for maintaining proper bookkeeping. Accurate and efficient bookkeeping is crucial for ensuring your business stays compliant and financially healthy. Whether you're a small business owner or managing a large enterprise, these strategies will help you keep your financial records in order. Stay tuned to learn how to streamline your bookkeeping processes and avoid common pitfalls.
Welcome to our channel! In today’s video, we’re uncovering the serious risks and negative consequences of neglecting bookkeeping. Proper bookkeeping is vital for maintaining financial health and ensuring business success. From financial mismanagement to potential business failure, we’ll explore the dangers of not having a solid bookkeeping system in place. Stay tuned to learn how you can protect your business from these pitfalls.
Welcome to our channel! In today’s video, we’re diving into the serious consequences of improper bookkeeping. Understanding the legal and financial penalties that can arise from poor bookkeeping practices is crucial for every business owner. We’ll highlight common mistakes and provide tips on how to avoid these costly errors. Stay tuned to protect your business from unnecessary risks.
Welcome to our channel! In today's video, we're uncovering the numerous benefits of bookkeeping for your business. Whether you're a small business owner or managing a large corporation, proper bookkeeping is essential. From maintaining accurate financial records to improving cash flow management, we'll explore how effective bookkeeping can enhance your business's success.
Welcome to our channel! In today's video, we're diving into the essentials of bookkeeping and accounting. If you've ever wondered about the differences between these two crucial financial processes, this video is for you. We’ll break down what bookkeeping entails and how it supports your overall accounting process. By the end, you'll have a clear understanding of why both are vital for your business's success.
Welcome to our channel! In today's video, we delve into the crucial role bookkeeping plays in your business's success. Whether you're a small business owner or running a large corporation, understanding bookkeeping is essential. We'll cover the basics, highlight the benefits, and explain the penalties and negative consequences of neglecting this vital aspect of your business. Stay tuned for practical tips on maintaining proper bookkeeping practices!
Welcome to our channel! In this video, Ashlin Hadden shares valuable insights on eCommerce insurance, specifically tailored for Amazon sellers. Learn about risk management, business protection, and essential tips for ensuring your small business is covered. Whether you're just starting out or looking to enhance your insurance strategy, this comprehensive guide has everything you need to know. Watch now to safeguard your Amazon FBA business and gain a competitive edge in the eCommerce industry.
Welcome to our channel! In this video, we dive into everything you need to know about Canada Revenue Agency (CRA) reviews, audits, and taxpayer rights. Whether you're a taxpayer or a professional navigating the CRA process, understanding these key points is crucial.
In this video, we delve into the key disparities between a CRA Notice of Collection and a Notice of Assessment, crucial aspects of taxpayer responsibilities. Understanding these government notices is essential in navigating tax disputes, safeguarding taxpayer rights, and ensuring legal compliance with financial obligations. Join us to learn how Revenue Canada issues these notices in the realm of Canadian taxes and how they impact tax preparation processes.
In this video, we delve into a comprehensive guide on understanding the CRA's Demand to File Notice.
We cover compliance tips, tax obligations, income reporting, and tax planning strategies to navigate through regulatory requirements effectively.
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!
We will be teaching you guys what a T4RSP is, what circumstances will lead to one being issued to you and absolute no-no's with regards to your RRSP!
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!
We will be teaching you guys how to get your Tax Returns filed for free! Check the video for details and eligibility!
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!
We will be teaching you guys all about the different types of engagements you can have with your CPA or Tax Preparer - and no, you are not getting married!
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!
What if there is a mistake on your Tax Return? Are you liable? What if it was prepared by a CPA or Tax Preparer - can you still get into trouble? We dive into the nitty gritty details of your responsibilities when you sign a tax return!
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 we will be talking about the difference between Bookkeepers and Tax Preparers!
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 we will be talking about Bookkeepers and what to know before hiring a Bookkeeper.
What to expect
Things to look out for (Red Flags!)
The different stages of hiring your outsourced Bookkeeper
Tips and Tricks for you to start off your working relationship on the right foot!
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 honor of National Bookkeeping week, we decided to make this video! In this video we will be talking about Bookkeepers and Bookkeeping in General.
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 honor of National Bookkeeping week, we decided to make this video! In this video we will be talking about Bookkeepers and Bookkeeping in General.
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 and Jason from Fix My Books will be talking about what type of mindset successful business owners have that separate them from the rest.
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 talking about what to expect in terms of Recurring Expenses/ Costs in running a business in Canada - some realistic examples and their price range.
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 talking about what to expect in terms of Startup Costs when you first open your business - some realistic examples and why some businesses would cost less than others.
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 talking about some Bookkeeping Niches to consider for your bookkeeping 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!
In this video Arielle from Fix My Books will be teaching you how to find out when your T2 Corporate Tax Return is due.
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/corporation-income-tax-return/when-file-your-corporation-income-tax-return.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 teaching you what the difference is between HST (Harmonized Sales Tax), GST (Goods and Services Tax) and PST (Provincial Sales Tax).
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4055/t4055-newcomers-canada.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 teaching you how and where to find your CRA Notice of Assessment!
https://www.canada.ca/en/revenue-agency/services/e-services/e-services-individuals/account-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!
In this video Arielle from Fix My Books will be teaching you what a refund transfer is!
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/refunds-transfer.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 teaching you where to mail your Corporate Tax Return (T2).
https://www.canada.ca/en/revenue-agency/corporate/contact-information/where-send-your-corporation-income-tax-t2-return.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!