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Company Knowledge Share company ideas, wisdom and expertise. NO PROOF OF PURCHASE!BR Bookkeeping would like to address the importance of receipts. It is our experience that Accountants, (while doing their part of the accounting practices) will claim all deductions for their clients according to the income tax regulations.More…..	Accounting and Bookkeeping Resources Review these links for a good selection of educational resources.More…..
Small Business Financial Assistance Resources Research these links for Financial Assistance during the start up process of the business. Canadian Business Loans Industry Canada Small Business Info Canada Canada Small Business Grants Financial Consumer Agency of Canada	Work at Home (point of view) Send us you opinions, points of view or ideas that work for you at the Home Office. Strategies to Working at Home! More…..
Virtual Bookkeepers (does it work?) Tips for Online Work Rapport between Employer and Employee Make sure both you and your employer have a clear and precise understanding of what your role is and what is expected from you on a daily basis. Ask to schedule ½ hour weekly virtual meetings to discuss top priorities of the business. Remember this is not a ‘gab session’; rather a business meeting - so treat it as one. Keep the lines of communication open through email or voicemail. This way if you are going to be ‘out of the office’ for any length of time he/she will be informed. Discuss what the policy and procedures are for reporting billable hours. Keep track of hours worked in a personal log book in case of any discrepancies.	Accounting and Bookkeeping Resources Knowledge Bureau Canada Revenue Agency (CRA) CRA Forms CRA A-Z CRA Business CRA Individuals
NO PROOF OF PURCHASE! BR Bookkeeping would like to address the importance of receipts. It is our experience that Accountants, (while doing their part of the accounting practices) will claim all deductions for their clients according to the income tax regulations. This is a good thing for the clients of course, but for certain areas of the tax return, receipts are required for auditing purposes. Us ‘bean counters’ are notorious for scrap pieces of paper that carry any tiny shred of evidence of information that relates to a purchase or sale. On the other hand, it has been our experience that some accounting firms will accept a Visa (or similar) Statement as proof of purchase to submit to CRA. Let us inform you now…this is not the case….Statements do not always justify the purchase. For example: if you purchase office supplies at Walmart because the sale is cheaper than at Staples, how would a CRA know exactly what was purchased…..was it ‘paper’ or the new BBQ for the cabin? And just to be sure….this is the client’s responsibility to retain the receipts, not your accountant or tax preparer. So the next time you make a purchase, remember this; will this become a deduction to your business or personal income tax, or will it become an AUDIT that will be repaid back to CRA due to NO PROOF OF PURCHASE! BR Bookkeeping C/O accountants.to 259 Metcalfe Street Guelph, Ontario N1E 4Y8 Phone: (204) 679-6421 FAX: (204) 778-3595 Contact us accountants.to	Strategies to Working from Home…. Keeping yourself on track when working from home can be in itself a challenge Set up a daily routine of stretching and exercise before you head to the office for the day You need your privacy this is a must. Situate your office as far away from distractions as possible. Staying focused and disciplined involves commitment to your daily work schedule. Set yourself on a time table and stick to it Take scheduled breaks throughout your workday and engage yourself in 15 minutes of meditation, yoga or some other form of relaxation Rejuvenation is the Key! Decide on healthy food choices…The mind will stay alert and active after a breakfast of fruit, nuts and oatmeal rather than hash browns and bacon