Beyond Numbers Bookkeeping

Did you know that the CPP enhancement will increase the max CPP retirement pension you can get by about 50%? Find out how much you’re contributing for your retirement: http://ow.ly/e7Ib50CBGRZ #CdnTax #CdnPension

I love this.... I don’t care whether you come into the office at 8 am. I don’t care if you choose to work from home or not. I don’t care if you work from the dentists while they fix your teeth.... I hired you for a job and I trust you to get it done. Just let me know what you need from me to be successful in your role. And I will show up for you!! Life happens! You don’t need to justify to me why you need a day off. You don’t need to explain how sick your child is to leave early. You don’t need to apologize for having a personal life. Yes, I care about results but I also care about you. We are all human and we are all adults. I lead people. I don’t run an adult day care. My advice for anyone hiring: 1. Select the right people. 2. Agree on deliverables/KPI’s (be crystal clear). 3. Provide proper tools and support. 4. Get out of their way. Agree?

With #COVID19 restrictions easing and stores opening up, it can be difficult to resist impulse buying. A budget can help you make mindful purchases, avoid debt and increase your savings. Try our Budget Planner: http://ow.ly/n47450A9eOX #SplurgeDay

QUESTION Is the CERB taxable? ANSWER Yes. Although income tax will not be deducted at source, you must report any CERB payments you receive as income on ...next year’s tax return. An information slip will be made available for the 2020 tax year in My Account under Tax Information Slips (T4 and more). Find out more at canada.ca/coronavirus

QUESTIONS Do I have to apply for the next period or is it automatic? When can I reapply for the next period? ANSWER Eligibility periods are fixed in 4-wee...k periods. If your situation continues, you can re-apply for CERB for an additional 4-week period, to a maximum of 16 weeks (4 periods). See specific dates here: http://ow.ly/93ed50zcXGt We hope this helps! Stay tuned for more information and updates.

Why not use your time at home with the #kids to teach them about money? We have resources to help get the conversation started: http://ow.ly/qDHy50z8OPJ #COVID19

APPLYING FOR EI FINANCIAL SUPPORT APPLICATION INSTRUCTIONS: Scenario 1 You are under isolation or quarantine: Apply to EI NOW as SICK BENEFITS. Scenario 2 You are laid off from work due to shortage of work due to Covid 19 Apply for EI NOW under Regular EI benefits Shortage of Work... Scenario 3 You are laid off from work due to your place of business closing due to Covid -19 Apply for EI NOW under Regular EI Benefits Involuntary Leave Scenario 4- You are NOT ELIGIBLE for EI benefits but want to apply for the new Package announced for those not eligible for EI you must wait until this passes the House of Commons which should be by April and applications and money will flow by May. You will be given application instructions once the applications are approved for production. Employers: Please Issue your ROE’s NOW so that EI applications can move swiftly. Questions about Covid EI? Call 1 833 381 2725 For all general EI questions you must call 1 800 206 7218

We are providing financial support to those affected by COVID-19. Some of our measures include: Goods and Services Tax Credit (GSTC): The Government is propo...sing to provide a one-time special payment by early May 2020 through the Goods and Services Tax credit doubling the maximum annual payment amounts for 2019-20. The average boost to income from this measure will be close to $400 for single individuals and close to $600 for couples. Canada Child Benefit (CCB): The Government is proposing to increase the maximum annual Canada Child Benefit payment amounts, only for the 2019-20 benefit year, by $300 per child. Overall increase for families receiving CCB will be approximately $550 on average. These families will receive an extra $300 per child as part of their May payment. Registered Retirement Income Funds (RRIFs): The Government is proposing targeted help by reducing required minimum withdrawals from Registered Retirement Income Funds (RRIFs) by 25% for 2020, in recognition of volatile market conditions and their impact on many seniors’ retirement savings. For more information: http://ow.ly/Etfv50yPZup

We have a new phone line for all of your non-health related questions about COVID-19: 1-888-COVID19 Call for questions on topics like child care, funding support and travel. Information is available in more than 110 languages, from 7:30 am to 8 pm.

All employers must waive the requirement for employees to produce a sick note. Please don't go to the doctor to get a sick note. We continue to ask that you sta...y home if you are sick. Self-isolate if you're feeling unwell, you've been in contact with someone who has COVID-19, or you've recently returned to BC from abroad. See more

The deadline to file your income tax and benefit return has been extended from April 30th to June 1st, 2020. The deadline to pay any 2019 balance has been ex...tended to August 31st, 2020. This means all 2019 balances paid before September 2020 will not incur any penalties and interest. We encourage you to file your income tax and benefit return electronically and as soon as possible to make sure your benefit and credit payments are not interrupted or delayed. For self-employed individuals and their spouse/common-law partner, 2019 balances paid before September 2020 will not incur any penalties and interest. Your income tax and benefit returns must still be filed by June 15, 2020. Businesses will be allowed to defer until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020. We will not contact any small or medium businesses to initiate any post assessment GST/HST or Income Tax audits for the next 4 weeks. The due date for trusts with a tax year ending December 31, 2019 will be extended to May 1, 2020. Trust payments due before August 31, 2020 are also all extended to August 31, 2020. Anything not covered by this measure will be considered on a case-by-case basis. More information on the financial measures introduced by the Government of Canada in response to COVID-19 here: http://ow.ly/WdC550yPiEf

We know it’s hectic out there, but please remember that there’s enough food to go around if we all only buy what we need. The overall food supply in BC is in go...od standing, but stockpiling is making it hard for grocery stores to keep up with demand. Please avoid hoarding food and buy thoughtfully. Be kind. Be calm. Be safe. #COVID19 See more

If you're surprised each month by how much #interest you pay on your #CreditCard, you need to read this: http://ow.ly/9jg730mL5Jo #TipThursday

Minor changes in your #spending habits can result in major savings. Learning how to curb impulse spending will help you keep your #finances on track and save for your future . http://ow.ly/4cnf50wAttB #Resolution2020 #MondayMotivation

Canada's ever-changing tax landscape has never been more difficult to navigate since the introduction of substantial reforms this past year, both federally and ...provincially. As a result, business owners in B.C. face increased uncertainty as they look to manage and plan for the impacts of these changes. New restrictions on income splitting and passive investments are forcing business owners to re-evaluate their strategies due of the financial implications on their enterprise, family and retirement plans. Additional taxes in B.C. and more scrutiny around compliance by the Canada Revenue Agency (CRA) compound the pressure. The following is a high-level overview of the major changes affecting small business owners in B.C. and insights into maneuvering successfully around this unfolding tax environment. Learn more: https://www.mnp.ca//new-tax-changes-put-b-c-s-business-own

Having a budget can help improve your financial wellness and reduce financial stress. Rule your financial kingdom : http://ow.ly/m24350v6aG2 #TheLionKing #HakunaMatata

I will be happy to discuss your bookkeeping requirements. Call or text or pm me.

Always write then date and time on the back of your cheque after a successful deposit; because then you will never deposit the same cheque twice and you can present it to bank for verification if necessary!

Did you get this form in the mail from your bank? It’s not a scam. Here’s what you need to know: http://ow.ly/N34f50nIE71

If you’re borrowing against your home, make sure you have a plan to pay it back.