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Welcome to bkpr bookkeeping! Offering a tailored approach to your bookkeeping and business needs as well as personal tax returns and administrative services!

Join us to learn more about how we can make your business thrive!

29/04/2023

We’re two days away from tax deadline…better hide the wine!!!

27/04/2023

Our Final Tax Tip Thursday (for this season)!
Our tip for you - at the end of the day, know your tax 💩 or hire someone who does! The DIY tax programs are great for simple returns and they offer assistance and tutorials to help you - take advantage! Tax professionals know their 💩 and stay on top of all the current tax information, budget implications, credits, and benefits. Your brother Bob might also know his 💩 but it’s up to you to make sure he does. It’s your tax return, it’s you getting that refund or paying that balance owing, and you should know where it came from. It’s also you on the line should an audit occur. So, know your 💩 or give me a call!

20/04/2023

This weeks tax tip is super simple: here is a step by step explanation to filing your taxes for our younger crowd, or someone attempting it on their own for the first time:
1️⃣ Get Ready: Decide how you will file taxes, what slips and documentation you will need and give yourself lots of time - do not wait until April 29th, just a TIP!
2️⃣ Look into the HOW: trying it yourself or hiring someone, electronically (the way to go!) or paper and mailed, if on your own and electronically make sure you have the software needed. If hiring someone shop around, price them out and find out what they bring to the table! We are not all cut from the same cloth
3️⃣ Make sure all of your personal info with the CRA is current - address etc and if you aren’t already enrolled for direct deposit NOWS THE TIME!
4️⃣ Time to get started - Step one, report your income - either from a T Slip (T4, T4E, T4A etc) or other business income (Sole Pro, Partnership?)
5️⃣ Claim any prevalent deductions credits and expenses to reduce your amount owing or increase your refund: medical, donations, child care, RRSP contributions, business expenses, climate incentive the list goes ON.
6️⃣ Do you owe or will you get a refund? If you are getting a refund Pat yourself on the back, and thank me for the direct deposit reminder! If you owe - find out how to pay, payment plans or what to do if you feel like you can’t pay it right now.
7️⃣ Submit your return to CRA - electronically or mailed physically. Electronically gets it to them immediately which means it is reviewed sooner and if you’re in a refund position your refund comes quicker! Mailing it in might be your only option but it will be a slower process.
8️⃣ CRA will review your return, issue a Notice of Assessment to validate the return and confirm what you owe or what you will be refunded, this notice should be kept with this years tax documents as it may be needed again if you are ever reassessed or hire someone next year!

18/04/2023

🌷 Spring has Sprung and so has tax season… but don’t panic - we’re here for you!
Let bkpr handle all of your bookkeeping, payroll, personal tax needs and more!
Serving York Region, Simcoe, the GTA and beyond. Our remote bookkeepers can assist from anywhere!
Message us today to find out more 🌷

13/04/2023

This Just In - Its OK to ask for help!
If you're struggling with any of the following, a bookkeeper can help:
~Finding the time to prioritize your business' monthly financial activity
~ Leaving all of your bookkeeping until the end of the year and paying a pretty penny for your accountant to do it
~ Feeling overwhelmed with the different taxes owed to the government at different times
~You are finding the time to do your bookkeeping but it's taking away from other things you want and need to be doing to grow your business
~ Thinking back to last years tax season makes you want to run and hide
& Your business is thriving, you are wearing ALL the hats, but this is the first time you've heard of a bookkeeper
Really the list could go on (and on) but the gist is simple - just because you can, doesn't mean you should.

06/04/2023

A bit under the gun on this one but such is
Tax Tip Thursday: Plan Ahead and Be Prepared
This extends to businesses and individuals. If you typically owe income tax whether it's on your personal tax return or your corporate return, plan ahead so you are prepared for that payment.
Have your bookkeeper or accounting team set you up to make regular instalments so that come tax season you may actually owe NOTHING (what?!) or even get a REFUND (no!). This can be done for both businesses and individuals and turns the surprise and anxiety levels way down when vou file your taxes.
What if you don't have the cash flow to make instalments? This is where being prepared will also help
- file your taxes long before the deadline so you know exactly what you owe, contact the CRA to set up a payment plan or ask for interest relief (yep it's a thing) and the sooner you get on top of it the easier it will be.
Don't just stand there bust a move!

03/04/2023

Hey you! Yes you!
Stop scrolling for jussst a second.
You need help with your taxes?
I mean, it IS tax season and they ARE due soon 🫤
Taxes, are, well, taxing!
They can be complicated. They can be no fun at all. They can be time consuming.
If any of this rings true, please reach out because we would LOVE to help!
It’s literally our job, just like it is your job to be uncomplicated, lots of fun and efficient.
We’re here for you – just slide into our DM’s 😊

30/03/2023

This weeks Tax Tip Thursday is for all of our entrepreneurs, business owners/managers and self employed followers alike!
If hiring a bookkeeper is not in your current budget, read on - We are going to share the things you should be doing monthly which will allow you to adopt a monthly bookkeeping routine that will keep you organized, on-task and knowledgeable of your business' financial landscape.
On a monthly basis you should turn the following todos into must-do's:
-Log and categorize your revenue and expenses
-Reconcile all major accounts (accounts you use regularly) such as your bank, credit cards, line of credit, petty cash, etc.
-Review your accounts receivable and don't be shy to collect - you work hard!
-Review your accounts payable and make sure all payment terms are being adhered to
-Run and review financials (profit & loss, balance sheet at least)
- Upload, scan and store all documents pertinent to your books
-Make sure all filings and payments to governing bodies are current and complete
-Set goals for next month
Too much to handle? Contact us for how we can help support you.

25/10/2022

Let us do the math for you!

20/10/2022

We appreciate your support!

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