From Overwhelmed to Empowered - Accounting and Tax Toolkit for Small Business
Business accounting made simple for Canadians
Join the 6 week program (returning Q1 2023) and go from confused to confidently mastering your business accounting
You’ve started your business! Congratulations. This is truly an exciting step on your journey.
But while you’re excitedly out offering your products and services to your clients, you find yourself with a hundred and one questions about those pesky numbers.
Don’t worry! And definitely don’t bury your head in the sand. I’m here to guide you through the process of setting up your accounting, finance and tax systems to set your business on a solid financial footing.
You can do this! And six weeks from now you can truly be feeling empowered about your numbers.
Many entrepreneurs don’t feel like they can afford to hire professional accountants and lawyers to help them get set up, and yet I’ve seen firsthand how much MORE expensive it can be for entrepreneurs down the road if things are not set up right for their business at the beginning.
So… for the approximate cost of what you would pay for 2 hours of such a professional’s time, I’m going to give you all of the information you need, and the tools to support you in execution, as well as some personal hand holding so you aren’t going to get stuck with any of it.
I love strategy and helping my clients go from overwhelmed to empowered in their accounting.
During my fifteen years as a public practice CPA, I've assisted hundreds of entrepreneurs to build their accounting systems, save money on taxes, and find clarity with their numbers to drive profitable decisions. And I do it in a way that will have you feeling good in the process.
My course is for Canadian entrepreneurs, walking them through everything they need to know to get their businesses on a solid financial footing from the get-go.
I built this course because I kept having the same conversations with Canadian entrepreneurs over and over. They all tended to have the same questions, similar concerns, and the same blind spots.
Small Business Client
With a passion and a friendliness that combines to really make you feel as though you are well cared for, Lisa is approachable, always willing to help out and calm with her handling of challenges - I could not recommend her highly enough if you want someone who can marry a high level of competence with a deft human touch.
Corporate and Personal Tax client
You are a Canadian entrepreneur in your first year of business
OR you’ve been in business for a while but haven’t filed any taxes for your business yet
OR you’ve been in business for a while and have filed taxes before, but you not feeling empowered and in control of this corner of your business
You’ve resisted approaching an accountant to help you because you feel intimidated by what you don’t know or feel worried they are going to judge or shame you (my course is a shame-free zone; you’re an entrepreneur, not an expert in accounting)
You are willing to show up and do the work. I promise to make this process accessible and engaging, but I’m not a magician who can implement it into your life without your participation. You will need to actually watch the videos, do the implementation activities, and take action on the content in order to get the results.
You will have an understanding of your numbers and how to use them to guide your decisionmaking
Your accounting system will be set up and you will know how to use it (and how to hire someone else to run it if you choose)
You will feel confident in the profitability of your business and how to pay yourself
The tax accounts you need will be opened and you will have a plan in place for how to meet your obligations
Corporate and Personal Tax client
Sole proprietor / Personal tax client
▪ Six weeks of content with space built in for implementation, accessible through our portal, which will hold your hand as we walk through the course outline. Includes:
⮚ Videos covering each week’s content, which you can watch on your own time
⮚ Implementation activities that will walk you through how to apply the weekly content into your business immediately
⮚ Handouts, how-to videos and other resources you can implement in your business now and come back to reference later
▪ Access to attend “office hours” live (or catch the replay) where you can get your questions answered. These can be questions related to how the course content applies to your business, or literally any other question you want to ask a designated accountant.
▪ Inclusion in an exclusive Facebook group with other attendees of the course, where you can network with other business owners, share wins, ask questions and be inspired in your entrepreneurial journey
▪ 30-day Subscription to Quickbooks Online (QBO) to trial during the course and access to 50% off pricing if you decide to keep the subscription active after we're done.
▪ The content will be dripped over six weeks but you will retain access for one full year so that you can revisit topics as needed
Welcome to the Course!
The basic financial reports: how to read them and why they are important
OPTIONAL PRE-LESSON: Introduction to important terms and concepts
Lesson 1: The basic financial reports: how to read them and why they are important
Lesson 1 Activity: Financial Statements
Lesson 2-1: Income Tax for the Business Owner
Lesson 2-2: Deductible Business Expenses
Lesson 2-3: Record Keeping
Lesson 2-4: Business Use of Personal Assets
Week 1 Office Hours (October 21st) Replay
The Three Main Types of Business Entities
Real life system set up and operations to support your business (unlocks October 21st)
W2 Lesson 1: Chart of Accounts
W2 Lesson 2: What do we want in our system?
OPTIONAL W2 Lesson 3: Introduction to QBO (Quickbooks Online)
W2 Office Hours (October 26th)
T-accounts and double entry accounting
Answer to Activity
Tax rules PART 1 - rules surrounding Income tax and sales tax (unlocks October 28th)
OPTIONAL PRE-LESSON: CRA Business Numbers
W3 Lesson 1 GST/HST When to register and start charging
W3 Lesson 2 GST/HST What rate to charge your customers
W3 Lesson 3 GST/HST Activity
W3 Lesson 4 GST/HST Activity Answer
W3 Lesson 5 GST/HST Informing your Customer and Filing Returns
W3 Office Hours (Nov 4th)
PST in BC
Tax rules PART 2 - Hiring staff (unlocks Nov 4th)
W4 Lesson 1-1 Employee versus Contractor
W4 Lesson 1-2 Your responsibilities as an employer
W4 Lesson 2 Introduction to Paying yourself
W4 Lesson 3 Internal Controls
W4 Lesson 4 Tax Deadlines to Be Aware Of
W4 Office Hours (November 16th)
Doing business outside Canada
Additional QBO trainings
How to use your accounting as an essential part of your toolkit (unlocks November 11th)
W5 Lesson 1: Intro to Cashflow and Profitability
W5 Lesson 1 Activity
W5 Lesson 1 Activity cont. - Lisa's thoughts
W5 Lesson 2: Using our Financial Statements to Manage Cashflow and Profitability
W5 Lesson 2 continued: Inventory
W5 Lesson 2 continued: Accounts Payable
Intro to the Cashflow Statement
Additional QBO Trainings
Week 6 - Implementation Week - Building Your Routine (November 18th)
W6 Lesson 1: Thoughts on Pricing and Introduction to Break-even Analysis
W6 Lesson 1 Activity
W6 Lesson 1 Activity Answer
W6 Lesson 2: Forecasting Tool
W6 Lesson 3: Building Your Routine
Key Performance Indicators (KPI's)
Tips for Hiring Book-keepers and Accountants to Support Your Business
Tax Prep for Sole Proprietors - Lesson 1 Option A - The Excel Tracker and How-to Use it (Book-keeping Software)
Tax Prep for Sole Proprietors - Lesson 1 Option B - The Excel Tracker and How-to Use it (Excel - Manual)
Tax Prep for Sole Proprietors - Lesson 2 - Preparing the T2125 Tax Return (Sole Proprietors Tax Schedule)