CRA tip about self-employment

CRA has a tax tip about self-employment reporting today and that's great, but how and why do you go about complying with their rules?

http://www.cra-arc.gc.ca/nwsrm/txtps/2013/tt130328-eng.html?utm_source=mediaroom&utm_medium=eml

Do you feel overwhelmed by all the paper and all the rules!

I can help with the tools to learn about how to use QuickBooks and Quicken. I have webinars, making it affordable to learn how to keep records.

I can also help with designing your record keeping systems using QuickBooks, either desktop or online, and Quicken. That's for when you've learned how the software works, but now, you have no clue how to make that work for you. We look at what you're doing, and we custom design your system to fit what you're doing. It really helps if you already know how the software works before you start doing this. That's why I recommend the webinars before you start designing your system. This part will cost way more if you haven't watched the webinars first. The webinars are cheap by comparison, at $290.00 for a whole raft of stuff to help you learn first before you leap.

This February, I presented a webinar series on record keeping for non corporate business. For five hours we examined what it means to keep records for your business. This isn't about how to use QuickBooks, it's about how to comply with the rules.

Why do any of this? Why keep records?

It's simple really. It's to get financing. To save money so you can afford to stay self-employed and feed your family, and put a roof over their heads. No banker is going to look at you if you aren't keeping proper records. They'll want nothing to do with you. And most Canadian business's start with a $5,000 credit card. How ridiculous is that? Not, if you've just been laid off or downsized, and need to get some cash flow happening. The problem is that's a short term solution that isn't going to help you much in the longer term. And by then, if you haven't developed some good habits, you're going to end up in bankruptcy.

If you want to grow your business, and, even more important than just growing your business, get financing to fund that growth, or even just to get a mortgage to house your family while you're growing your business, these five webinars cover what you'll need to know about how to keep records so a banker will look at you seriously!

Being self-employed, it sounds so easy, but really, if you want to move beyond working in your business, to working on your business, there is so much to know about how and why you'll want to keep proper records so you can relax and succeed!

http://www.taxdetective.ca/keeping_records_business.html