Amanda McAskill's Bookkeeping Services

08/22/2023

AJM Bookkeeping is looking for a Parttime Bookkeeper/Administrator

Looking for a hard working individual who is determined to complete tasks on time.

Duties would include:
- [ ] Data entry
- [ ] Filing/Scanning
- [ ] Accounts Receivable/Payable

Qualifications required:
- [ ] Understanding in bookkeeping - debits/credits, reconciliations, etc
- [ ] Versatility
- [ ] Multitasker
- [ ] Able to work independently
- [ ] Confidentiality

Rate of pay: depending on qualifications - can be employee or contractor.

Hours are variable - more on quarterly months.

Knowledge of QDT and QBO is an asset, but willing to train.

If interested please send your resume to [email protected], please do not message me on FB.

02/03/2022

For the Educators - here is an update list on the eligible educator school supplies tax credit you are able to claim on your 2021 returns!

Note: Line 46800 was line 468 and line 46900 was line 469 before the 2019 tax year.

01/16/2022

Now since we are on lock down, this may apply to you.

The Canada Worker Lockdown Benefit (CWLB) gives temporary income support to employed and self-employed people who cannot work due to a COVID-19 lockdown order.

01/13/2022

Repayments have been extended!!! Keep your eyes open for more details!

This includes CEBA loans and the RRRF loans!!

https://globalnews.ca/news/8505780/ottawa-extends-ceba-deadline-2023/?fbclid=IwAR24YNLtMSKCjG_0YKX3_g3RkZSslmG6uDtshsawoVe_OgrRUDX8PYYYlfk

The CEBA program offered interest-free loans of up to $60,000 to small businesses and not-for-profits during the COVID-19 pandemic.

01/12/2022

A new tax year has begun! If you claim your vehicle for business, remember to take the beginning year odometer reading!

04/09/2021

Income tax deadline for individuals is April 30! A business owner (SP)has until June 15, BUT will be charged interest on any amount owing after April 30th 😉

02/11/2021

Did you have to work from home due to Covid? Do you have employee allowable employment expenses? Want to claim them on your 2020 income tax but not sure what you can claim, or what form to bring to your tax preparer?

Check this link out! Very informative as to what next step you should take!

If you meet the eligibility criteria – Home office expenses for employees – Who can claim, there are now two options to calculate your deduction for home office expenses for the 2020 tax year:

12/15/2020

🏘️ Did you work from home in 2020 due to COVID-19? If your home office expenses won’t be reimbursed by your employer, you may be able to claim a deduction on your tax return. Find out if you’re eligible ➡️

Choose which method you will use to claim home office expenses to see eligibility requirements.

11/21/2020

RBC just amended its CEBA agreements to provide more time to withdraw funds from its line of credit - till March 31, 2021. The previous “deadline” was December 31, 2020. To maximize debt forgiveness - $10k maximum - RBC clients should withdraw the entire $40k loan amount before March 31, 2020.

If you are a business that received the $40,000 CEBA loan, please make sure you know what bank requirements and deadlines are!

10/11/2020

🇨🇦 On October 9, the Government of Canada announced new and expanded COVID-19 support measures including:

CEWS

• The program will be extended until June 2021.

• The subsidy would remain at the current (Period 😎 subsidy rate of up to a maximum of 65% of eligible wages until December 19, 2020. The maximum was previously set to decline to 45% for period 9 (based on November wages).

CEBA

• An additional interest-free loan of up to $20,000 will be available (in addition to the original CEBA loan of $40,000). Half of this additional financing would be forgivable if repaid by December 31, 2022.

• Additionally, the application deadline for CEBA is being extended to December 31, 2020.

• Further details, including the launch date and application process will be announced in the coming days. An attestation of the impact of COVID-19 on the business will be required to access the additional financing.

Canada Emergency Rent Support (CERS)

• The new Canada Emergency Rent Subsidy (CECRA has ended), provides rent and mortgage support until June 2021.

• The rent subsidy would be provided directly to tenants, while also providing support to property owners.

• The new rent subsidy would support businesses, charities, and non-profits that have suffered a revenue drop, by subsidizing a percentage of their expenses, on a sliding scale, up to a maximum of 65 per cent of eligible expenses until December 19, 2020.

• Organizations would be able to make claims retroactively for the period that began September 27 and ends October 24, 2020.

• A top-up Canada Emergency Rent Subsidy of 25 per cent for organizations temporarily shut down by a mandatory public health order issued by a qualifying public health authority, in addition to the 65 per cent subsidy.

09/30/2020

https://www.taxtips.ca/seniors/oas-clawback.htm?fbclid=IwAR1u9p-K4qgRPtA0MBkbh8QgqF66MQU4XVj87-B3qco9OGrKY5EwS97JPk4 -gains-oas-clawback

TaxTips.ca - The Old Age Security (OAS) clawback is triggered by high income, and can be triggered or increased by capital gains, even if they are offset by capital losses carried forward.

09/16/2020

Due to covid, if you had to work from home, you will need these forms to claim any expenses.

TaxTips.ca - In some circumstances, employees can deduct work-space-in-home expenses, if they are not reimbursed by the employer.