Kimberly McLaren, CPA

Do you know a business owner who needs help with their bookkeeping or taxes?

When you refer a friend, you’re not just helping them gain financial clarity; you’re empowering them to achieve their business dreams.

Your support and referrals are incredibly valuable to the growth and success of my small business.

Send me a message to make a referral!

Hello, August! ✨

As we step into a new month, it's the perfect time to reflect on our progress and set new goals.

Here are a couple of tips to make August a highly productive month for your business:

1. Define specific, measurable, achievable, relevant, and time-bound (SMART) goals for the month. Clear objectives help maintain focus and track progress effectively.

2. Use a prioritization technique like the Eisenhower Matrix to distinguish between urgent, important, and less critical tasks. Focus on high-impact activities that align with your goals.

Let's make August a month of growth and success!

What are your goals for this month? Share with me in the comments!

😊 I'm so glad you’re here!

Welcome to your go-to solution for stress-free financial management!

I specialize in helping business owners achieve financial clarity, accuracy, and peace of mind through my expert bookkeeping services.

I'd love to work with you and help your business thrive! Contact me today to learn more!

😊 I'm so glad you’re here!

Welcome to your go-to solution for stress-free financial management!

I specialize in helping business owners achieve financial clarity, accuracy, and peace of mind through our expert bookkeeping services.

I'd love to work with you and help your business thrive! Contact me today to learn more!

Essential financial reports offer valuable insights that help you make informed decisions and plan for the future.

Check out my new blog to find out the key financial reports every business owner needs.

https://www.cpakm.ca/post/5-essential-financial-reports-you-should-regularly-review-as-a-business-owner

As a small business owner, juggling multiple tasks and responsibilities can be challenging!

The Priority Matrix is a powerful tool to help you focus on what truly matters. Here's how to use it:

1. Urgent and Important: Tasks in this quadrant need immediate attention. They are critical to your business's success and must be addressed promptly.

2. Important but Not Urgent: These tasks are essential for long-term goals—schedule time to work on them to prevent them from becoming urgent.

3. Urgent but Not Important:
Delegate these tasks if possible. They require immediate attention but don't significantly impact your overall goals.

4. Not Urgent and Not Important: Minimize or eliminate these tasks. They are distractions that do not contribute to your business's growth.

Found this helpful? Save it for later and share this with a friend!

Got questions about business travel expenses? I’ve got you covered!

Here are some of the most frequently asked questions.

Always consult with a tax professional for personalized advice and ensure compliance with tax regulations.

Got more questions? Drop them in the comments below!

If you’ve noticed any of the signs here, you should start exploring your options to find accounting software that can help you manage your finances better.

Hiring a bookkeeper for the setup can help you get started on the right foot and ensure everything is set up correctly saving you time and money in the long run!

I'm happy to help! Book a call with me today!

Tag a friend below who inspires you to grow!

These lessons have shaped my approach as a tax expert and helped me provide the best service to my clients.

1. Meticulous bookkeeping is crucial. Detailed documentation can prevent issues during audits and support all claimed deductions.

2. Every business and individual has unique tax situations. Tailoring strategies to fit specific needs leads to better results and maximizes savings.

3. Effective tax planning throughout the year, not just at tax time, can significantly reduce tax liabilities and improve financial outcomes.

4. Maintaining high ethical standards is non-negotiable. Integrity and honesty are the foundations of long-term client relationships.

Ready to take your business finances to the next level?

Contact me today for professional tax services and ensure your financial records are in expert hands!

Growing a business is an exciting journey, but it comes with its own set of challenges. One effective strategy to overcome these hurdles and scale efficiently is outsourcing.

Read the latest blog post: How Outsourcing Can Help You Scale Your Business to explore how outsourcing can be a game-changer for your business, allowing you to focus on what you do best while experts handle the rest..

https://www.cpakm.ca/post/outsource-to-scale-your-business

Running a business is a continuous learning journey. Here are four financial tips that many small business owners wish they had known when they first started out:

1. Separate personal and business finances.

2. Seek professional financial advice or support early.

3. Develop financial management skills from the beginning.

4. Learn and understand financial metrics.

What financial advice has helped you the most?

Maximize your tax savings by understanding how to deduct your business vehicle expenses. Here’s a quick guide:

1. Track your business miles and ensure you keep a detailed log of your trips.

The Canada Revenue Agency 2024 mileage rates are as follows:

- 70 cents per km for the first 5000 km driven
- 64 cents per km after that

An additional 4 cents per business kilometre for the Northwest Territories, Yukon, and Nunavut.

2. Maintain all receipts and records of your expenses to deduct the costs of operating your vehicle, including gas, oil, repairs, insurance, and depreciation.

3. Deduct the interest on a loan for a vehicle used for business purposes. Only the business-use portion is deductible.

4. If you own your vehicle, you can deduct its depreciation. Check tax regulations for specific guidelines for depreciating business vehicles.

5. If you lease your vehicle, you can deduct the business portion of your lease payments. Ensure you differentiate between personal and business use.

Always consult with a tax professional to ensure you take full advantage of available deductions.

Don't let taxes overwhelm you. My expert tax services are here to help you navigate complex tax laws, maximize your deductions, and ensure compliance.

Schedule a call today to learn more!

Building a solid financial foundation is crucial for the success and stability of your business.

Ready to take the next step in strengthening your financial foundation?

Contact me today to learn how I can support your journey to financial stability and success.

Wishing you all a fantastic Monday.

Pass this on to a friend, tag them below!

Managing your finances effectively is crucial for business success, and QuickBooks Online offers a range of subscriptions designed to meet the unique needs of businesses of all sizes.

Check out the new blog to help guide you through the different levels of QuickBooks Online subscriptions to help you choose the perfect fit for your business

https://www.cpakm.ca/post/quickbooks-online-which-subscription-is-the-best-choice

🌟 Now accepting new clients! I'd love the opportunity to work with you!

Let me handle your tax needs so you can focus on what you do best—running your business!

Contact me today to get started!

School is out for the summer, but tax planning is year-round, and summer is the perfect time for proactive tax strategies.

Have a business or tax question? Drop them in the comments below!

And don't forget to follow us for more helpful tips for all things business and taxes!

Implement these strategies to maintain a healthy cash flow and enjoy a successful summer season:

1. Plan for seasonal trends and anticipate changes in sales and adjust your budget accordingly. You can use past data to predict seasonal variations.

2. Attract more customers with special summer promotions and increase sales during the slower months.

3. Speed up your receivables by offering early payment discounts or using electronic invoicing.

4. Keep a close eye on your cash flow by reviewing it weekly. Use accounting software to automate and streamline this process.

And most importantly, ensure your financial records are up-to-date and precise so you can make informed decisions and maintain a healthy cash flow in any season.

Need help keeping your financials in order? I can help! Schedule a call today.

Wishing you a great Canada Day in the company of your loved ones!

How are you celebrating today?

Out of the office and into weekend mode. We'll be back in the office soon!

Have a wonderful long weekend, everyone!

Summer's here, and it's the perfect time to get organized and plan ahead! Here are some ideas to kickstart your planning.

What’s on your summer planning checklist?

Before diving into DIY taxes, consider whether the potential savings are worth the challenges.

Sometimes, investing in a professional can save you money and stress in the long run!

Let me take care of the tax stuff for you.

My job is to not only keep your books up-to-date and accurate but also to help you have a stress-free tax season.

Schedule a call to learn more about how I can help!

As we reach the halfway point of the year, it's a perfect time to pause and assess your financial progress. Here’s what to do in a mid-year financial review:

1. Compare your revenue and expenses to your projections. Identify any significant variances and understand the reasons behind them.

2. Ensure you have enough cash flow to cover upcoming expenses. If there are shortfalls, plan how to address them.

3. Analyze your profit margins to see if they meet your targets. Look for ways to improve efficiency and reduce costs.

4. Revisit your financial goals for the year. Adjust them if necessary to reflect current market conditions and business performance.

5. Review outstanding invoices and follow up on any overdue payments to maintain a healthy cash flow.

6. Review your tax strategy and make sure you’re taking advantage of any deductions or credits. Plan for any upcoming tax payments.

7. Analyze your balance sheet, profit and loss, and cash flow statements. Look for trends and areas of concern.

Taking the time to thoroughly review your finances mid-year can help you make informed decisions and keep your business on track for success.

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Summer is here, and it's the perfect opportunity to revamp your business strategies and boost your savings.

Read the new blog post and learn some tips and strategies to help business owners maximize their savings this season.

***https://www.cpakm.ca/post/tips-strategies-for-a-summer-of-savings***

Summer is Here! ☀️

Time to soak up the sun, enjoy the warm weather, and make unforgettable memories.

What are your summer plans? Share in the comments!

❤️ Today, we celebrate the incredible fathers, grandfathers, and father figures who inspire us with their strength, wisdom, and endless love.

Enjoy your special day and thank you for all that you do!

Before diving into DIY bookkeeping, consider whether the potential savings are worth the challenges.

Sometimes, investing in a professional can save you money and stress in the long run!

Let me take care of the "numbers" for you.

My job is to not only keep your books up-to-date and accurate but also to help you see how the data resulting from well-kept books helps you become a confident business owner.

Schedule a call to learn more about how I can help!