Canadian Cloud Accounting

For businesses that need support, Canadian Government extends CERS & CEWS through to June 2021 https://www.canada.ca//government-announces-wage-and-rent-

For those who were reporting EHT, this information might be very useful: The limit for EHT increase to $1M is now permanent! https://www.fin.gov.on.ca//bul/eht/eht-exemption-2020.html

Make sure that your access to CRA account is in good health. Not being able to log in to it just before the tax season may lead to delays with tax filing https://nationalpost.com//cra-suspends-online-accounts-of-

Here are some updates from the Canadian Payroll association regarding home expenses' claims this year. If you haven't told your tax preparer that you worked from home this year, make sure they know about it! "More than six million employees moved to remote work as a result of the pandemic, leaving employers with many questions from employees on how they can claim their work from home expenses for the 2020 tax year. Seeking to streamline the process due to these exceptional ci...rcumstances, the federal government, through consultation with the Canadian Payroll Association and other key stakeholders, took two important actions. First, they introduced a simplified method for claiming work-from-home expenses for the 2020 tax year. To make a claim, employees will not have to provide proof of expenses (receipts) or obtain a T2200/T2200S from their employer to confirm their status as a remote worker. Second, the government (both federal and Quebec) simplified the traditional forms for claiming home office deductions, the T2200S and TP-64.3 respectively, for those choosing to make a detailed claim."

Some small businesses might be eligible for additional funding from the government. Wishing you all good luck and hoping that this will help you stay afloat for a little bit longer The government unveiled a new Ontario Small Business Support Grant that will provide between $10,000 and $20,000 for struggling business owners. The one-time grant will be offered to businesses employing fewer than 100 people, and that have been required to close or significantly restrict service due to the shutdown, and experienced a minimum revenue decline of 20 per cent. https://ca.finance.yahoo.com//retail-groups-warn-businesse

For those who've been looking forward to CAD billing from Xero, here are the good news: https://www.xero.com/ca/pricing/update/ #xero #cloudaccounting #canadianvirtualbookkeeping

If you still have a balance owing for your 2019 tax return, you now have time to delay it a bit more - until September 30, 2020 https://www.canada.ca///covid-19-filing-payment-dates.html

Business's support from the Government of Ontario: * Deferrals of WSIB & EHT premiums until August 31, 2020 * EHT threshold is up to $1M And other benefits: ... https://www.cfib-fcei.ca//ontario-covid-19-relief-measures

Some of you might need this support: https://www.canada.ca//one-time-payment-persons-disabiliti

For those whove been looking forward to CAD billing from Xero, here are the good news: https://www.xero.com/ca/pricing/update/ #xero #cloudaccounting #canadianvirtualbookkeeping

Some great news for those who are still considering using Hubdoc. It is an amazing document depository software developed in Canada and now acquired by Xero accounting software. Dont forget to ask your accountant to take advantage of this offer: http://go.hubdoc.com/tax-season-promotion-2020 #cloudaccounting #virtualaccounting #xero #hubdoc

A lot of people are already wondering what would happen to their taxes and tax returns next year. Heres a comprehensive explanation of reporting your home office expenses as of today. There is no question that these rules might change for the next tax season since the current situation is unprecedented. However, it is still a good idea to get familiarized with what you can and cannot do with your home expenses related to your business or employment: https://toronto.ctvnews.ca//can-you-deduct-office-expenses

New at Canadian Cloud Accounting! We now offer personal and self-employed tax preparation services! Even though this years tax return submission is postponed, nobody wants to pay a penalty on taxes filed late. Contact us today while we still have the capacity to file your taxes on time! www.canadiancloudaccounting.ca

We're for everyone! Whether you can't afford a bookkeeper, need to clarify a few points, or just don't know where to start when it comes to your personal or business finances, we can help - https://canadiancloudaccounting.ca/ #accounting #smallbiz

Businesss support from the Government of Ontario: * Deferrals of WSIB & EHT premiums until August 31, 2020 * EHT threshold is up to $1M And other benefits: ... https://www.cfib-fcei.ca//ontario-covid-19-relief-measures

Many employers have various questions about laying off employees now. Here is the directive from CRA website with regards to ROEs submissions: " Coronavirus Disease (COVID-19)... If your employees are directly affected by the coronavirus (COVID-19) and they are no longer working, you must issue a Record of Employment (ROE). When the employee is sick or quarantined, use code D (Illness or injury) as the reason for separation (block 16). Do not add comments. When the employee is no longer working due to a shortage of work because the business has closed or decreased operations due to coronavirus (COVID-19), use code A (Shortage of work). Do not add comments. When the employee refuses to come to work but is not sick or quarantined, use code E (Quit) or code N (Leave of absence), as appropriate. Avoid adding comments unless absolutely necessary. " If you are still struggling with ROE submissions, do not hesitate to contact us and we will help you with this: [email protected]

Hoping that these couple of things could help business owners who were affected by closures everywhere. Also, for my fellow Ottawa Valley business owners: I am your Petawawa neighbour and a member of the Ottawa Valley Chamber of Commerce. I have been working remotely for years and am a QuickBooks Online and Xero advisor. I also have accounting and marketing education and experience. Over the years I worked with various businesses, including e-commerce (which some of you might... need help with right now). In fact, my experience with e-commerce doesnt end with accounting support, but also extends to stores development as well as technical and marketing support. I will be happy to spend with any one of you up to 15 min on the phone to resolve your problem. This may include bookkeeping software support, general bookkeeping questions, management of remote teams, apps integrations with your accounting software, e-commerce, and any other business-related questions. I am only asking you to, please, schedule your calls with me so I could help everyone who needs it. You may do so over here: https://calendly.com/canadiancloudaccounting/15min You may also send your questions via email to [email protected] For more information about what we do and how we work, please, visit: https://canadiancloudaccounting.ca/ Stay happy, healthy, and safe! Masha Zakharenkova https://canadiancloudaccounting.ca/promos/

Many of us were wondering if we will be able to file taxes this year by the due date. Now we definitely can! Stay positive and healthy everyone.;)

Here is a deal for those, who are still not sure if they can afford QBO subscription. You may try this for a year and, if it is not for you, switch to something else.

Were for everyone! Whether you cant afford a bookkeeper, need to clarify a few points, or just dont know where to start when it comes to your personal or business finances, we can help - https://canadiancloudaccounting.ca/ #accounting #smallbiz

Are you bootstrapping your startup? Here are the top 5 tools that cost less but deliver maximum value. https://b2c.news/2OGts7 #startup #businesstips

If you need help with setting up the books, software integration, or want to discuss which program would work best for you and your business, our experts will be glad to help! #bookkeeping #smallbiz

Are you starting a small business in Canada? Then youll want to use this helpful checklist - https://bit.ly/2gRia4n #businesstips #smallbusiness

My favourite cloud-based accounting software is Xero. I adore Xeros reporting and upload capabilities! Thats why I wanted to share some of my top Xero accounting tips and tricks. http://bit.ly/2RyXpgU #accounting #businesstips

XERO, Quickbooks Online (QBO), and Wave cloud accounting software are our specialities. https://canadiancloudaccounting.ca/ #accounting #smallbiz

Not sure why an accountant may be a good resource to add to your small business team? Here are 21 reasons that will clarify things for you. https://bit.ly/2qxJSbO #accountant #smallbusiness

Whether you cant afford a bookkeeper, need to clarify a few points, or you just dont know where to start when it comes to your personal or business finances, were here to help. https://bit.ly/2VPGzip #businesstips #accounting

Business owners beware. While its easy to get caught up in the glamorous tasks of designing your website or choosing the perfect business name, without a solid understanding of your numbers, you wont survive. https://bit.ly/2gOAqeA #accounting #startup

When youre on top of your small business bookkeeping youll be able to make better decisions. With that in mind, heres what you need to know about small business bookkeeping. https://bit.ly/2KvvVaf #bookkeeping #businesstips

If you want to set up your books, including converting from Excel or a desktop software package to an online software, were here to help. https://canadiancloudaccounting.ca/ #accounting #smallbiz

Whats the "Business Limit"? Its a set dollar amount that caps the amount of Small Business Deduction (SBD) a Canadian corporation may receive. Learn how to calculate small business deductions in Canada - https://bit.ly/2gRBP4c #smallbusiness #Canada

Pro Tip: the integration of online programs with Magento or Woocommerce speeds up your operations more than ten times! #businesstips #accounting

"When youre running a small business, nothing is beneath you." Do you agree? https://tgam.ca/2Hzl2Bl #smallbiz #businesstips

Not only is it the law to have accurate and up-to-date financial records, but when youre on top of your small business bookkeeping, youll be able to make better decisions. https://bit.ly/2KvvVaf #bookkeeping #businesstips

Even if you dont want to move to a cloud accounting software but still have bookkeeping questions, we can help! https://canadiancloudaccounting.ca/ #accounting #smallbiz

Entrepreneurs face more than a few potential hurdles when trying to get a new business off the ground. Heres some expert business advice from bosses whove been there - https://bit.ly/2YFigWL #businesstips #smallbiz

A good bookkeeper will be more than happy to help answer any questions you may have... And at Canadian Cloud Accounting, well even help train you to do it yourself! #businesstips #bookkeeping

Of the nearly 1.1 million small businesses across Canada, only 51% will last beyond the first five years. Whats the answer? Think globally - https://bit.ly/2ORlBxe #smallbiz #Canadianbiz

Bookkeeping is an excellent way to make money part-time without needing to be in a specific location. https://bit.ly/2KnlLs2 #militarywife #militaryhusband #militaryspouse

Would your business benefit from bookkeeping support? Most would! Lets discuss your business growth - https://canadiancloudaccounting.ca/ #smallbiz #businesstips

Square Inc. is introducing a new option at Canadian checkout counters. Will your retail store be switching? https://bit.ly/2YUdDmP #smallbiz #Canada #retail

When it comes to accounting software, Xero is simple and user-friendly. QuickBooks and Freshbooks are a little more complex, and so too are their setups. #accounting #businesstips

Opinion: Canadas small-business tax rate should be repealed. Do you agree? https://tgam.ca/2yMVtc4 #smallbiz #Canadianbiz

"An excellent virtual bookkeeper will have a structure in place that includes: Core accounting software A remote app for web conferencing Project management tools... Communication apps File and document management https://bit.ly/2YDLYez #smallbusiness #businesstips"

Small business owners: we can help you manage your bookkeeping OR we can train you to improve and manage your bookkeeping practices yourself. https://canadiancloudaccounting.ca/ #smallbiz #businesstips