In this episode of The Maker’s Collective Podcast we sit down with Jami Monte, a Chartered Professional Accountant (CPA) and creative who wants to help you feel set up and ready for tax time this year! She answers all of the common questions she gets from clients and demystifies a lot of the “scary” parts about tracking and filing.
We know this can be an incredibly stressful time of year for small business owners, but if you get nothing else from this, please remember that stress can lead to avoidance, so if you are feeling this way please reach out (to us, to Jami, or to an accountant in your area!) and ask for help. Everything can be quantified, everything can be solved, so start where you are and get the support you need.
- Meet Jami – her journey to starting her own accounting business
- Tax planning tips for entrepreneurs
- Common mistakes made by entrepreneurs around their tracking and taxes
- So, what’s a write off and how do write offs work?
- What is HST and when do you need to register for a number?
- What are you tracking when you’re filing HST?
- When to incorporate
- How much money to put aside for taxes?
- Tax rates are hella confusing
- How she works with clients
- What to do with receipts
- Cash Transactions
Resources from the episode:
- Arabella Park – http://www.arabellaparkbar.com/
- CPA – https://www.cpacanada.ca/en/the-cpa-profession/cpas-and-what-we-do/what-cpas-do
- Sole Proprietorship – https://www.entrepreneur.com/encyclopedia/sole-proprietorship
- Corporation – https://www.entrepreneur.com/encyclopedia/corporation
- MileIQ – https://www.mileiq.com/
- HST – https://www.fin.gov.on.ca/en/tax/hst/index.html
- Wave Financial – https://www.waveapps.com/
- Simple Tax – ttps://simpletax.ca/calculator
- Tax Rates – https://www.taxtips.ca/taxrates/on.htm
ReceiptBank – https://www.receipt-bank.com/
More from Jami:
- Website – https://www.montecpa.com/
More from The Maker’s Collective:
- The Maker’s Collective – http://makerscollective.club/
- Instagram – https://www.instagram.com/MakersCoClub/
- Get In Touch & Join The Club – http://makerscollective.club/contact/
- Get On The Shop Talk Series Email List & Never Miss Another Chance To Get Tickets – http://eepurl.com/giPBvD
More from Lacey:
- LJH Brand Strategy & Business/ Mindset Coaching – http://www.laceyjheels.com/
More from Laura:
- Instagram – https://www.instagram.com/lauraannehart/