Balanced Beans Bookkeeping

10/19/2020

It’s been a busy few months!

07/28/2020

FROM A BOOKEEPER....HERE IS YOUR WARNING:
For everyone applying for the CERB. Please, know, It IS a TAXABLE income. Meaning you will be required to pay taxes on it. BUT - here’s the kicker - they WILL NOT be deducting the required taxes! So if you receive the full $8000 over the next 4 months, it is advisable that you put aside $2400, as you will need to pay this tax when submitting your returns in 2021 for your 2020 taxes.In reality your only getting $1400 for each month...Money isn’t free! Be smart!
Update: and be warned it looks like they are giving it to everyone who files immediately and then assessing your eligibility later!.. so be POSITIVE you qualify and need it otherwise you will just end up owing thousands
Update: and yes I know this 30% tax is the higher end and most will pay 10-30% back... but the whole point is to prepare you, so you don't land up surprised with big amount owing in taxes and all those deferred loans will be due as well, so think carefully before jumping in and deferring anything, when this all ends, you could be in for a huge shock, be smart …… think before you leap.

01/15/2020

11/18/2019

Oh the darkness!

10/18/2019

Hmm 🤔 feel free to insert Bookkeeper for Accountant

05/02/2019

🧐

After years of study, Google uses a few simple questions to identify the company's best leaders.

04/22/2019

Love this!

Failure and loss are inevitable, but trying to rationalize them by waiting for a reason may be the last thing you need to do.

03/29/2019

Anyone else agree?

03/28/2019

03/12/2019

Very true - 1 or 2 are always lacking

Randi Zuckerberg calls this the entrepreneur's dilemma. Does it ring true for you?

03/12/2019

How many times have we said this?🤦🏻‍♀️