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Not sure whether you need a bookkeeper or an accountant? Learn the key differences, when to hire each, and how they work together to support your business.

Working with coaches and consultants, I've noticed a pattern: the ones who are able to grow their business consistently don't necessarily work longer hours or have more clients. Instead, they manage their money differently. Here’s what they do that sets them apart: They keep their books up to date Instead of waiting until finances suddenly become urgent, they make sure their books are done every month. This allows them to review their reports regularly throughout the year. Th

They say the only thing certain in life is taxes (let’s skip the other one for now 🙃). And while we can’t avoid them, we can plan for them. With a few simple habits, setting aside money for taxes can actually feel organized and calm. Yes, calm and taxes can go together!! Why Setting Aside Matters It’s tempting to think of everything in your business account as “available.” But in fact, part of that money already belongs to the CRA. By putting aside money regularly, you avoid

If you are a business owner who uses a vehicle for work, you may be eligible to claim car-related expenses and reduce your taxable income. Here’s what you need to know to get the most out of this deduction while staying on the good side of the CRA. What to Track To accurately calculate and claim car expenses, you’ll need to keep detailed records of the following: Business Mileage : Keep a logbook to record each business trip (client visits, business lunches, even driving to p

My name is Katrien, and I’m a professional bookkeeper based near beautiful Perth, Ontario. Through my business, Second Banana, I help service-based entrepreneurs - especially coaches, consultants, and health professionals - focus on what they do best: caring for their clients and patients. Meanwhile, I make sure the financial side is not just handled, but handled with excellence. Why I Started This Blog Over the past couple of years, I’ve worked with amazing clients who all