Lemon Squeezer

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A little humor for this tax season….                       LEMON SQUEEZER At a local bar in West Kelowna.…The owner & bartender, was so sure that he was the strongest man around, that he offered a standing $1000 bet.  The bartender would squeeze a lemon until all the juice ran into a glass, and then hand the lemon to a patron.   Anyone who could squeeze two more drops of juice out of it, would win the money.   Many people had tried, over the years: weightlifters, longshoremen, football players etc., but nobody […]

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Your Financial Future

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I am just finishing up a file from a client who had put their trust into an individual that said they were an accountant. Clearly this was not the case. If you have any accounting experience or knowledge it does not qualify someone as an “accountant” or “bookkeeper”. This file has given me anxiety over the huge discrepancies in bank and liability balances that were off by several thousands of dollars. This could mean and overstatement or understatement of income, it has also mean late filing penalties, interest and a […]

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Bookkeeping Humor

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          This is a busy time of year for bookkeepers, here is some humor for all of us crunching numbers for deadlines… Bookkeeping Swear Words. Unreconciled Audit Journal Discrepancy Unknown expense Late Filing Penalty T4 Summary overpayment Missed Instalment Payment Unfiled returns Damaged Database Can’t Find File As you gather your paperwork for your bookkeeper, when you provide it organized and neat we can complete your file faster and more efficiently and with this will also cost you less money!    

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Helpful Hints for Year-end Preparation for Your Accountant

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Getting ready to give your paperwork to your accountant? Here are a few helpful hints to assist you in that process. If you have an accounting software or spreadsheets that you use, provide your accountant with them. Some of the questions they may have can be answered by accessing your data without an extra call to you. Have all your bank statements for your accountant including the month following your year-end. Also include your software’s reconciliation report to prove that your bank is reconciled and you have accounted for all […]

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Customer Service

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I was at the receiving end of some really great customer service this week, the barista that was making my Starbucks latte was making jokes, singing and engaging the customers in his jovial spirit.  I thought maybe perhaps he had a little too much espresso on this day and was running on a caffeine high. However, upon a return visit on a different day, the same thing happened – he was singing and asking about my day. He was funny, thoughtful and he shared with me a personal story that […]

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A little bookkeeping humor

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A Little Friday Humor…   A Mafia Godfather finds out that his bookkeeper has cheated him out of $10 million dollars. His bookkeeper is deaf. That was the reason he got the job in the first place. It was assumed that a deaf bookkeeper would not hear anything that he might have to testify about in court. When the Godfather goes to confront the bookkeeper about his missing $10 million, he brings along his attorney, who knows sign language. The Godfather tells the lawyer, “Ask him where the 10 million […]

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Websites that are Helpful When Starting a Small Business

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So you are thinking about or have made the decision to start your own business? Congratulations! Welcome to your new adventure/chapter in your life. There are many great resources for you and I would like to share some of them. In British Columbia ServiceBC website provides links to other business websites such as: Small Business BC – this is a great website, if you are not sure whether you want to start your own business, this has many resources and articles that may help you make your decision, it has webinars, seminars and free […]

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Bookkeeping 101

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Bookkeeping can be overwhelming for a business owner who already has to wear many different hats to run their business. I have a few suggestions to help you become a successful keeper of your financial documents: Have separate bank and credit card accounts for business and personal – and don’t confuse them! If you follow this simple rule, you will ensure that all of your expenses and income are calculated correctly. If you can’t remember which debit/credit card is for business write on it with a black permanent marker.   Put […]

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