Slatcher Bookkeeping

08/02/2024

Hey friends!

It’s been a minute since I’ve shown up on here, life is busy and quite honestly, i struggle to be creative. There is a reason I chose working with numbers for a career 🤑.

If you haven’t filed your 2nd Quarter GST, do it now! Those CRA penalties can hurt 😢.

Hope you all have a great long weekend, stay cool friends!


Your friendly neighbourhood bookkeeper 💵

04/15/2024

Deadlines!

We are coming up to some very important deadlines this month...see below:

April 20th - PST Quarterly Returns - If you are a quarterly filer, make sure your return is filed and paid before the deadline!

April 30th - Personal Tax Return - Sole Proprietor's - You may not have to file a return till June 15th, but if you owe, you must pay by April 30th if you did not make proper instalments throughout the year.

April 30th - GST for Annual Self Employed Filers - If December 31st was your year end, make sure you pay any amount owing..if you don't owe then you have until June 15th to file.

April 30th - GST for Quarterly Filers - Get all those receipts in to your bookkeeper this week!

CRA penalties and fees can add up quick, set your reminders and pay on time.

01/17/2024

11/30/2023

We know life is busy - especially as a small business owner!

But getting all your financial documents in ASAP helps paint a complete picture of your financial health (and you never know when you might need it!).

So, make it a priority to stay on top of your financial paperwork.

Remember: Teamwork makes the dream work! Your future self (and your bookkeeper!!) will thank you. 🚀

11/28/2023

Proper bookkeeping can actually save you money because we can help identify cost-saving opportunities that you might not know about!

It's not just about seeing where your money goes, but also discovering hidden ways to increase your profits! That's where proper bookkeeping comes in.

So, start turning those confusing numbers into insightful narratives. Your balance sheet doesn't just tell a story about your past, it can predict and shape your future!

11/24/2023

Make sure your books speak the same language!

As a small business owner, it's important to have a basic understanding of accounting terms, even if you have an accountant or bookkeeper.

Brush up on these basic accounting terms every business owner should know. →

11/22/2023

Luckily, with consistent bookkeeping, you and your business can stay organized, allowing you to measure your financial progress efficiently!

Harness the power of informed decision-making because understanding your numbers is the first step towards profitability! 🚀

11/20/2023

This time of year is a golden opportunity to maximize profits, especially for small business owners.

Here are ways to optomize your profits this holiday season:

Start by forecasting demand. Look at past trends and current market conditions. Get your numbers right to avoid overstocking or running out of goods. 📈

Next, prepare your workforce. Whether you're hiring extra hands or doubling down with your current team, ensure they're ready for the rush. 🔨

Finally, make your products stand out! Creative packaging and tailored offers can grab attention, driving sales up. 🎁

Remember – the holiday season is a marathon, not a sprint.

As always - SHOP LOCAL WHERE YOU CAN!

❤️

11/16/2023

Ever play a round of "Is this a business expense?" with your bookkeeper?

It's a common misconception that *almost anything* can be written off as a company expense.

Remember, not everything qualifies as a business expense and you should check with your bookkeeper and accountant to make sure!

Tell me your funniest "it's a business expense" moment below! (Don't worry- we've all been there!)

11/11/2023

Navigating payroll can seem complex, right?

Don't let the ins and outs of payroll regulations intimidate you.

Master it with simple steps: know your team's payment schedule, understand your tax obligations, keep meticulous records, and most importantly; hire a knowledgeable bookkeeper who can ensure a proper setup.

Because a well-managed payroll leads to a smooth-running operation! 👌

11/08/2023

THEN HIRE A BOOKKEPER!

Did you know that delegating financial tasks to a bookkeeper can save you up to 15 hours a week?

Imagine what you could do with that extra time!

An expert bookkeeper will streamline your financial processes, from tracking expenses to invoicing, lifting a major load off your shoulders.

Small business owners no longer have to navigate the financial maze alone.

Don’t let overwhelm hold you back. Delegate. Save time. Thrive!

11/06/2023

Are you curious about how to pay yourself as a business owner?

If you're a sole proprietor, you can take out money from your business account as 'draws' - simple and tax-efficient.

BUT, if you're a corporation owner, you can pay yourself a regular salary, taking the rest as dividends.

Most importantly: consult your accountant to ensure you're making the best choice for your business and personal financial health!