COVID-19 Update (March 18, 2020)

The health and safety of our clients, employees and community is our highest priority.

As the COVID-19 virus continues to spread, we have made the decision to temporarily close our office doors to the public immediately, but continue to stay open and working.

You may still drop off your paperwork to us using the mail slot in our door (and don’t forget to wave to Louise!).

Also, as most of you are probably now aware, the personal tax deadline has been pushed to June 1, 2020, as well as the deadline to pay off any outstanding balances interest-free to July 31, 2020. More information can be found here.

We will continue to update you as we have more information.

We also recommend you review the Canadian Government Economic Response Plan:
https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html#Role_of_Financial

Finally, we are here to help. The best way to reach us is via email: info@masonmiller.ca. You can also try by phone but volume is currently still very high: 705.417.1588.

Thank you,

COVID-19 Update (March 16, 2020)

Notice to our Valued Clients, Colleagues and Community,

Unprecedented events are happening both in our community and in the world around us and while none of us know what the future will hold, we each need to take appropriate action to mitigate the risks involved.  The well-being and safety of the team, clients and community we are surrounded by is very important to us and we are monitoring the situation daily.  Read more

3 Tips For Getting Your Personal Income Tax Ready

We get it!  Taxes can be scary! 

Don’t worry, we speak CRA.

If you file your income tax using a tax service, like Mason Miller, there are some things to know to help make the tax preparation process go more smoothly.

Check out the tips below to help you feel more organized and in charge of your taxes this year. Read more

Google My Business, GMB, Guide, Digital Giants

Grow Your Leads with Google My Business

A Proven Strategy From Digital Giants 

As a small business ourselves we know that finding leads can be difficult. But what if we told you that we increased our client’s local search appearance by over 100% and increase the average number of phone calls each month. 

Now, what if I told you we did this in less than 15 minutes a week?  Read more

Reviewing your processes every couple of years may be key to saving you time!

Why am I doing it this way?” a client wondered when we met to review her business’s bookkeeping and accounting process.

Times have changed, but she had stayed with a tried-and-true bookkeeping method she had learned 13 years before when she had started her business. She was doing a Daily Sales Balancing entry in Excel from information printed out on her cash register tape. She thought “why fix what isn’t broken”?

Time – that’s one reason.

Read more

Connecting Your Accounts, Software & Your World

“You mean I will never have to save my paper receipts again if I just use this app to snap a picture?” our client said to me with both fear and relief as I demonstrated how to use a new receipt app. He just couldn’t believe that one of his least favourite things to do was suddenly replaced with a snap.  

If you have nightmares thinking about filing paper receipts or you are still carrying around a wallet or purse stuffed with receipts, it is time to wake up to a new day and a new way to manage your receipts, all while keeping the Canada Revenue Agency happy. 

It can be hard to let go of old, tried-and-proven ways of doing business – paper trails and filing receipts. You might worry that the CRA won’t be satisfied and your new way of work will come back to haunt you at tax time or later, with an audit. But rest assured, the CRA understands the need to move faster, at the speed of business, and technology is a key part of that. Of course, the CRA has rules – but they’re easy to follow; you can read more at CRA’s Acceptable backup Guidelines.

Today’s new tools that are already in the palm of your hand can transform the way records are kept and money is managed.  Read more

Conferences: The Many Returns on Investment

By Jennifer Dolmage – Bookkeeper at Mason Miller Accounting & Taxation

 

Conferences might seem like the professional equivalent of a field trip mixed with a dash of a holiday getaway, at a price tag that can seem somewhat steep. 

The time and money you invest in having your staff attend a conference, however, often yields dividends far beyond the time to escape the office. Conferences pay an incredible return on investment. 

I attended an industry conference with Kim (1 of the 2 partners at our firm), where we quickly discovered and experienced several dividends. 

The first is the most obvious: It’s rejuvenating. It renews your enthusiasm and gives you the energy to face what awaits at the office. Why? As industry speakers share their stories, they make you and your team feel better equipped to better serve your clients. 

In our industry, conferences are where we learn about new products and software – and this learning goes beyond reading about it. As well as case studies from industry leaders, conferences include trade fairs – demonstrations and product trials – and discussions. 

Read more

6 Technologies Transforming Small Business Accounting 

Technology can streamline your data entry, expense tracking, payroll and even assist you in creating bids for jobs, so you can focus on what you do well.

There are a lot of options and apps; two of the most well-known are QuickBooks Online and Receipt Bank. Working together, they allow you and your staff to upload receipts, track expenses and make HST and other tax payments.

At Mason Miller, we can help you create a technology plan that is customized and enables you to easily monitor staffing and supply costs or accurately and quickly project costs for a job bid, as well as how to ensure your books are correct by reconciling your data.

Let’s take a few quick looks at some of the major apps available.

Read more

INFOGRAPHIC – A Visual Guide To Understanding Your Balance Sheet

 

Do you get stuck looking at your balance sheet, wondering where your business’ money is?

 

We’ve heard it before, so we’ve created an easy to understand infographic to help guide you through your balance sheet to better understand where your money is.  Read more

How financial literacy can grow your business

Understanding how money works – and how to make it work more effectively – can transform your bottom line. Seeing how money flows and changes value over time gives insights that support decision-making for your business.

As accountants and bookkeepers, we helped Grand Floors see money strategically, the way they see flooring; working and flowing from room to room to create something more valuable than just the total of the pieces. Read more