How Far Back Can the CRA Audit You?
Confused about CRA audit time limits? This guide explains how far back the CRA can audit your small business and how good bookkeeping reduces audit stress.
Tax Credit vs. Tax Deduction: What’s the Difference?
Learn the difference between tax deductions and tax credits in Canada and how accurate bookkeeping helps you maximize savings and avoid CRA issues.
Director’s Liability: Another Way CRA Can Hold You Personally Responsible
Learn how Director’s Liability works and when CRA can hold corporate directors personally responsible for GST/HST, payroll deductions, and unpaid tax debts. Stay protected with clear bookkeeping and timely compliance.
Why Mixing Business and Personal Finances Hurts You at Tax Time (A Clear Guide for Canadian Small Business Owners)
Learn the bookkeeping, tax, and CRA consequences of mixing business and personal finances. A practical guide for Canadian entrepreneurs looking to stay compliant, reduce stress, and keep accurate records.
My Favourite Productivity Hack as a Bookkeeper: The 2-Minute Rule
Learn how the 2-minute rule can boost productivity, reduce stress, and keep your business organized. A simple habit bookkeepers and small business owners can use daily.
Bookkeeper vs. Tax Preparer vs. Tax Accountant vs. CPA: What’s the Difference and Which One Does Your Business Need?
Learn the difference between a bookkeeper, tax preparer, tax accountant, and CPA and discover which financial professional your small business needs.
How to Fix Reconciliation Differences in QuickBooks Online
Learn how to fix reconciliation differences in QuickBooks Online and prevent duplicate or reconciled transaction errors with this step-by-step guide.
How to Set a Default View for Your Financial Reports in QuickBooks Online
Learn how to save custom report settings in QuickBooks Online so you don’t have to re-adjust filters or date ranges every time. Step-by-step guide for small business owners.
When Limited Liability Doesn’t Protect You from the CRA
Learn when limited liability doesn’t protect you from the CRA, how dividends can create personal tax liability, and how to prevent it.
QuickBooks Tip: How to Avoid “Not Specified” in Your Balance Sheet When Using Locations
Learn how to fix the “Not Specified” column in QuickBooks Online when using location tracking. A simple workflow tip to keep your balance sheet clean and tax-ready.
Why You Should Always Add a Contact Name to Every Transaction in QuickBooks Online
A simple QuickBooks tip that can save you hours at tax time. Learn why adding a contact name to every transaction keeps your books cleaner, smarter, and audit-ready.
QuickBooks Opening Balance Equity Explained: A Simple Fix for Accurate Books
Learn what Opening Balance Equity means in QuickBooks Online, why it should always be zero, and how to fix it to keep your books accurate and stress-free.
Bookkeeping Tip for Real Estate Investors: How to Record Prepaid Rent in QuickBooks Online
Learn how to record prepaid rent correctly in QuickBooks Online. Step-by-step journal entries for real estate investors using accrual or cash accounting.