Densmore Does Bookkeeping
3314 Highway 14 B0N 2N0

Our hearts go out to all the families & friends of the victims of this weekend's senseless tragedies. There are no words to describe what has happened. I heard a quote this morning on The Rock of the Atlantic Network: "In such a tight knit community like the Maritimes, everyone knows someone who knows someone who is either directly or indirectly impacted by this situation."

Announced this morning: Canada Emergency Business Account $40,000 loan, payroll criteria has changed. To qualify, organizations will need to demonstrate they paid between $20,000 - $1.5 million in total payroll in 2019. This change will open this loan to many more businesses.

This is the latest release on the Wage Subsidy.

CRA is advising those who are not already signed up for MyAccount to do so to expedite the application process for CERB payments. The process requires CRA to MAIL a security code which may take up to 10 days so best to begin the process asap.

This outlines the EI benefits available. Workers and businesses hurt by the COVID-19 pandemic may be eligible for part of the $82 billion aid package announced Wednesday by Prime Minister Justin Trudeau, which includes $27 billion in direct support for those struggling to find work or care for family members. The package, now before Parliament, stands to adjust the rules on who qualifies for employment insurance (EI), and includes two emergency benefits for those who don't. ...Continue reading

This link will take you to CRA website for an overview of the assistance measures being put in place for employees and employers dealing with Covid-19. https://www.canada.ca//canadas-covid-19-economic-response-

To our valued customers, we are well aware of the Covid-19 situation. We are not a storefront business, but do have customers stop by the office to drop off paperwork, especially during income tax season. Please be assured we take all precautions to keep the office clean and sanitary. I will be restricting onsite visits to those that are absolutely necessary, which means working from home as much as possible. For those customers needing to drop off income tax papers, we have a box on the outside wall near the office entrance, plus there are a number of electronic options available. Please do not hesitate to phone us with any concerns. None of our staff have traveled outside of Nova Scotia, but are also limiting exposure to the public as much as possible.

Just received a robotic call from Service Canada stating my SIN has been suspended due to suspicious activity on my part. Must have been when I crossed the border from West Hants into East Hants Wednesday.

As another year quickly comes to a close. Densmore Does Bookkeeping would like to wish everyone a Very Safe, Happy and Healthy New Year Lets make 2020 The Best Year Yet!

Merry Christmas and Happy New Year to all our customers, colleagues and friends from the staff at Densmore Does Bookkeeping. We hope everyone has a wonderful and safe holiday.

I received two emails today that appeared to be from Canada Post advising that they had attempted to deliver a parcel to my house but no one was home. This was odd since I didn't order any parcels, and if I did, I generally use my personal email address. There was a link to click to check the details, and an attachment which was in Word. I checked with the lady working the Canada Post counter at Guardian Elmsdale and I was advised Canada Post only uses .pdf attachments. Bottom line: SCAM.

There was a message on our home phone yesterday from "CRA." It said that they would be filing a lawsuit to recover unpaid income taxes. I hope they phone back so I can listen to their spiel, threats and ways to "pay" then inform the caller that part of my business is filing income taxes and dealing with CRA. Anyone receiving such a call from "CRA" should immediately hang up and report the number to police. CRA will never demand payment in Bitcoin or similar currencies like... Gift Cards. Their normal process is to send notices of account overdue, and eventually follow up with a phone call. Depending on the circumstances, there are usually options for payment arrangements if the taxpayer cannot pay the balance in full. If a taxpayer is unsure as to whether they have a balance owing to CRA, either check your balance through My Account, via your tax preparer who may use Represent a Client, or phone CRA and speak with an agent. See more

During my recovery period I will be working from home as my strength allows. My voice is quite raspy now so may not be able to take voice calls but certainly will respond to emails or text messages. Laura will be running the show for the next week.

As bookkeepers, we encourage customers to keep a vehicle log to record kms driven for business purposes vs personal. A recent HST filing that included the HST paid on the purchase of a new truck was flagged for review. Without the HST from the truck purchase, there would have been a small refund, but was made much larger by the inclusion. CRA's review requested the normal information. Ten largest purchase and sales invoices, plus a detailed listing of all sales and purcha...ses involving HST. As well, CRA requested a copy of the purchase invoice, loan contract, insurance policy and information on the old truck that was sold upon purchase of the new one. They also wanted a vehicle log or other proof of how the vehicle(s) are used for the business. Without a proper log, we sent a letter stating the vehicle was used to pick up parts, machines for repair and deliver back to owners. The owners have a car for personal use. However, CRA ruled that since the truck was new at the time of HST filing, and without a log for the previous truck, the HST paid on the purchase would not be allowed for one year and would be based on the percentages used to claim CCA on the 2019 income tax return. Try as I may, I could not convince the auditor to allow the claim, as the business has been using 100% of the value of the previous truck for CCA and expense purposes. See more

This picture illustrates our commitment to On-site service. The only access to the customer's home was through a one-lane detour using a revamped snowmobile/ATV trail with narrow temporary bridge.

July 01 and I have the heater on in the office. A year ago it was sweltering.

After working in a basement office it is great to have lunch on a sunny patio in 25 c weather.

Today is the deadline for self employed taxpayers to file their 2018 income tax return.

Now that Tax Season is behind us and Spring is well underway. Have you thought about starting a new business, becoming self employed or just can't seem to find the time to keep up with the book work at your current business? Give us a call or send a message we would love to help you make life allot less stressful!

Thank you for the support to help make these moments Possible!

Densmore Does Bookkeeping would like to wish everyone a Safe and Happy Easter!

Don't forget the 2018 Income Tax filing deadline of April 30 2019 is getting closer it is not to late to contact us!

Check out www.densmoredoesbookkeeping.ca and click on the Tax Time Tab for a Handy Checklist to make sure you have all the Receipts & Income Records you need to complete your 2018 Income Tax return!

If your schedule is busy and you can't seem to find the time to deliver your Income Tax paper work to our office. Please contact us and we can give you a list of our convenient drop off locations or arrange other pick up options to help you out!

Income Tax Time Is Here! If you are the organized kind and have your paperwork all ready to be filed. Don't wait for the Rush & Deadlines Contact Us Today! Basic Returns start at $50.00 per return.... Extra work such as business income and expenses are billed at our hourly rate. We look forward to hearing from you very soon! See more

Sage 50 uses Stripe and PayPal to allow invoices to be paid immediately. Recipients see a Pay Now box which allows them to pay via credit card or debit. The payment goes directly to the payee's bank account. The payment is posted to the proper customer account in Sage 50 accounts receivable module. Fees apply.

A busy day full of Sage Accounting/Cloud Updates and info!

We are based in Upper Rawdon, Nova Scotia. Our service area covers East and West Hants, Kings and Colchester, Halifax, Dartmouth and all areas in between. All Areas Bookkeeping Personal and Small Business Income Tax Account Set Up... Payroll Bank Reconciliation Budgeting Insurance Billing Financial Statements Spreadsheets HST Reports and Filing Client Training and Assistance Client Billing Online Paperwork Submissions Ron is also a Commissioner of Oaths. Our services cover a broad range of needs. Call or email to set up an appointment. Our service is flexible, we can come to your place of business or you can drop in to set up your account. We accept clients from all industries & Look Forward to Hearing From You! See more

Passing the Torch

Wishing all our customers a Very Merry Christmas and a prosperous New Year. Ron, Beth, Laura Lyghtle, Cheryl Whynot & Nicky Smith

For the past month we have been incorporating Hubdoc and Receipt Bank into our practice. These programs fetch electronically available documents and bank/credit card statements which make them readily available to us without waiting for paper copies or for the customer to forward.