Piece of Cake Bookkeeping Services

09/24/2021

Effective October 1, 2021, minimum wage in Saskatchewan will be $11.81, as announced in June. For more information, visit www.saskatchewan.ca/business/employment-standards/payment-of-wages-and-payroll-administration/minimum-wage-and-reporting-for-duty-pay.

05/28/2021

Wondering why you received a federal deposit today?!? Check out this link that explains the CCB young child supplement.

The CCB young child supplement provides up to four payments in 2021 to families with children under the sage of six to help pay for a wide range of expenses.

05/20/2021

The 1st CCB young child supplement is being issued May 28th! Need to update your direct deposit info? You can make changes or sign up via many financial institutions or through My Account: http://ow.ly/7pGF50ELVvh

05/11/2021

Doing some renovations? Check out this link for more information about the Home Renovation Tax Credit

https://www.saskatchewan.ca/residents/taxes-and-investments/tax-credits/home-renovation-tax-credit?fbclid=IwAR1-7Lm8beA2n_gE92R4pmYLvV5bbg1Ar4W6MKKAKmQ9rsTYDQc3QfdESSQ

Saskatchewan homeowners may save up to $2,100 in provincial income tax by claiming a 10.5% tax credit on up to $20,000 of eligible home renovation expenses.

03/20/2021

If you need help managing the requirements, I’m here to assist. Message and we can discuss your needs.

12/22/2020

Some helpful hints for the year end.

Follow these tips to save yourself some money next year

11/11/2020

Lest we forget

06/03/2020

The words “bookkeeping” and “accounting” are used interchangeably, but they refer to two distinct functions. Both exist in the financial analysis of the business, and are certainly closely tied, but bookkeeping and accounting are not one and the same.

Bookkeeping is just one part of accounting, and bookkeeping comes first. Some describe it as the foundation of accounting, the necessary groundwork.
A bookkeeper handles the day-to-day tasks of recording financial transactions, including purchases, receipts, sales, and payments. The role of the accountant is to verify the data, analyze it and use it to generate financial statements, performs audits and review engagements. An accountant’s analysis can provide information for financial forecasting and trends.

Basically, the bookkeeper adds all the ingredients (income and expenses) to make a cake (all business transactions combined). The accountant is the food critic who samples, analyzes, and completes reviews (financial statements) and can offer suggestions on improvement.

When you have the right people working for you, it’s a piece of cake!

05/20/2020

If you still haven’t filed your 2019 income tax return, send a message and we’ll work on getting it submitted before the June 1 deadline!

04/28/2020

In case anyone else needs, here is the CRA site to request service if you are having difficulty getting through by phone.

Canada.ca [https://sr-ds.powerappsportals.com/caseintakeen/](https://sr-ds.powerappsportals.com/caseintakeen/?fbclid=IwAR3KYkBWi6unMNt1sVr2Gwkzqu_QC6UtlJz-wKydkvd4_6yBoTj281dtZR4)

The online service request form is a temporary measure to ensure continuity of critical services. Please complete the following information to assist us in providing you with the right services.

04/21/2020

The Government of Canada has an online calculator for the 75% Canada Emergency Wage Subsidy (CEWS).

Applications for the CEWS will be open on Monday, April 27 and funds will be available to eligible employers the week of Monday, May 4, 2020.

If you haven’t already done so, now is the time to make sure that you can log into your CRA My Business Account and that you have direct deposit set-up for your business with the CRA.

Check out the link for more details.

As a Canadian employer whose business has been affected by COVID-19, you may be eligible for a subsidy of 75% of employee wages for up to 12 weeks, retroactive from March 15, 2020, to June 6, 2020.

04/13/2020

Saskatchewan Ministry of Finance is offering a program that aids small businesses that have been ordered to temporarily close or has had significantly reduced operations during the public emergency due to Covid-19.
Please read through to determine if you, or someone you know, qualifies for this assistance.

The program provides a payment to small businesses that have been ordered to temporarily close or significantly curtail operations through a public health order to help control transmission of COVID-19. Payments are based on 15% of a business’s monthly revenue in either April 2019 or February 2020...