by Holly Penney | Feb 2, 2023 | Articles
Holly’s Top 4 Business Books to read this year! I’m so excited to share my list of TOP business books to read in 2023!!! I’ve read all of these books, if not once but multiple times. Profit First by Mike Michalowicz This book is always the #1 book I...
by Holly Penney | Nov 19, 2022 | Articles
Do I need to keep paper copies of my receipts? This is a common question I get asked by my clients and the answer is: It’s up to you… Kind of! According to the Canada Revenue Agency website you must keep all required records and supporting documentation...
by Holly Penney | Jan 21, 2022 | Articles
If you are a client of mine, you will know I am always telling you to keep your Personal & Business bank accounts separate! Always! No exceptions! And Why? Having commingled accounts may put your personal accounts at risk in the event of an audit from the CRA...
by Holly Penney | Dec 30, 2021 | Articles
What is Sales Tax/GST? Goods & Service Tax A tax that applies to most goods and services made in Canada. For a list of Exempt goods & services, please check the CRA website. When should I register for a GST number? Once your busines has reached sales...
by Holly Penney | Dec 30, 2021 | Articles
A bank reconciliation is when you compare your accounting records to your bank and credit card statements. I recommend doing your bank reconciliations monthly, and here’s why: Verify Cash Flow – Knowing exactly how much cash you have in your bank account at all...
