Framework Bookkeeping

Hello 👋🏻

Our sincerest apologies for going a bit MIA there, tis' the season of busy days for us at Framework. We got a bit carried away, but I promise we are back!

Speaking of this special time of year, we are delving deep into tax season. As one of your bookkeeping resources, it is our duty to provide you with some tax prep information to help both you and your accountant. Here are some things you should prepare and deliver to your accountant:

-Financial reports you may have collected such as profit and loss statements, balance sheets, and cash flow statements.
-An organized collection of receipts from your business expenses.
-Vehicle expenses and tracked kilometers.
-Home office expenses (rent/mortgage interest, utilities, etc.) and what portion of your home you use for business.
-Information regarding new or existing assets purchased by the business.
-Payroll information (if you've got employees).
-Any personal information slips such as T4s, T4As, charitable donation records, medical and dental receipts, etc.

This is just some of the information that should be given to your accountant at tax time as a business owner. The more you can prepare beforehand, the cheaper your bill will be and the easier it is for your accountant. A win for everyone!

For any further information about tax prep services, please reach out to us at Framework.

Are you ready to take the beginning steps to register your business?

We love to help people solidify their side hustle and get business rolling! We are here to assist you along the way with:

-Registering your business name and number
-Understanding and registering for any applicable sales tax accounts
-Choosing a business bank account that is right for your company
-Setting up bookkeeping software and keeping records up to date

We totally understand that these steps can be overwhelming, so let us help you through this exciting process. Please reach out if you are ready to move forward and grow your business!

Good news 🎉

Framework Bookkeeping has openings for new clients! Fall has arrived, which means year-end financial prep is coming up quick. Maybe you’ve got some catching up to do and now is a great time to start. If you are ready to hop on the train to having your books in order, please reach out to us!

Additionally, we are now offering virtual assistant services! We understand that there are many more admin tasks related to your business than just bookkeeping. We get that sending wholesale emails and creating spreadsheets just isn’t for everyone.. Luckily, we are the type to genuinely enjoy it and would love to assist you with further with the tasks you simply don’t want to do!

Framework Bookkeeping offers clear and constructive supports for your business. Let’s collaborate to get your business growing! Please reach out to us via direct message or at [email protected].