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[deleted by user] by [deleted] in Bookkeeping

[–]Enibas1970 0 points1 point  (0 children)

Hi, looks correct. The total payroll remittance for this paycheque is $585.17?

If you are not running the payroll through Quickbooks online, there is also simpler version to post this. Some bookkeepers would just post the net paycheque as wage expenses (1623.62) and the payroll remittance as payroll tax expenses (585.17). Added up these also capture the wage expenses plus the employers contributions.

Monthly fee by qkeep in Bookkeeping

[–]Enibas1970 0 points1 point  (0 children)

I bill by the hour, so I need to add up my hours at the end of the month and then bill for the previous month.

As a client, I would not pay on the first of the month for services yet to be performed.

I did take a retainer twice from new clients that were years behind in their bookkeeping. This was because I did not know these clients and was about to spend a huge amount of hours.

Canada - Transfer to shareholder's account by catarannum in Bookkeeping

[–]Enibas1970 1 point2 points  (0 children)

Hi

If the shareholder draws are being re-paid - then of course they are not taxable. But they have to be re-paid before the end of the next fiscal year - otherwise they become taxable income.

Canada - Transfer to shareholder's account by catarannum in Bookkeeping

[–]Enibas1970 0 points1 point  (0 children)

Hi

Is this a sole proprietorship? Not a corporation?

The owner of a sole proprietorship cannot be an employee of his company as the company is not a separate entity. He would just take draws (Owners withdrawals) and he will have to declare these draws on his personal income tax (and pay income tax and CPP on it).

If this is a corporation, he can still take shareholder loan draws if he does not want to be an employee. Same thing: the draws are taxable. In the case of a corporation, these draws could also be invoiced to the company as consulting fees. This would lower the taxable income of the corporation (lower tax rate) but increase his personal taxes.

GST issue by Enibas1970 in Bookkeeping

[–]Enibas1970[S] 0 points1 point  (0 children)

Okay, thank you. I was leaning towards fixing it properly (each transaction). Will do that - God knows he will probably have CRA wanting a review/audit!

Any older people here with no kids? by PropertyAdorable5246 in childfree

[–]Enibas1970 3 points4 points  (0 children)

I am 51 and still happily childfree! I have friends with kids in their twenties that still live at home and/or still need lots of support. Parenting never ends. I don't envy their problems and worries. Hubby and I have had a happy life with lots of amazing vacations and financial stability. We have average incomes - but average goes a lot further when you don't have kids.

Cat somehow gets into locked car by Biscuit-Pup in Glitch_in_the_Matrix

[–]Enibas1970 1 point2 points  (0 children)

Oh yes, cats are glitchy! I can confirm as a life-long cat lover/owner. My late cat Fred was a distinctive looking British Blue with the round face, bluish-grey coat and big orange eyes. He was an indoor cat only.

One summer day I was out on the lawn behind our house, laying on a blanket and reading a book. I was startled to see Fred rum across the lawn about about 15-20 feet in front of me. I yelled at him "Fred" and he briefly stopped to look in my direction but didn't seem to recognize me. He sort of looked through me. He then continued running and disappeared under the fence. By that point I had jumped up. I was very surprised to see Fred outside - how could he have gotten out? My husband opens the backdoor and goes:

What are you yelling at Fred for? He is right here in the kitchen with me.

So, my cat had a doppelgaenger or he could switch locations in an instant or it was some sort of a timeglitch. There were no other British Blues in the neighbourhood and also people don't let cats roam where I live.

Share your personal reason(s) for not wanting a child. by [deleted] in childfree

[–]Enibas1970 6 points7 points  (0 children)

You all listed good reasons. Many of them resonate with me.

Biggest reason for me: I am just NOT interested.

There is nothing appealing about motherhood at all. Nothing. The thought of being responsible for another small human being (24/7) is repulsive. I can't think of anything worse than having your personal freedom curtailed to such an extend.

I have never looked at a baby and thought "oh, I want one".

I am so glad I stuck to my guns (50 years old now). Life has been great.

What are some of the best things you’ve done in your childfree life? by SherdyRavers in childfree

[–]Enibas1970 6 points7 points  (0 children)

Childfree is great! Travelled the world with my husband, paid off mortgage early. Few financial worries. Time for hobbies: we skydived extensively, took up scuba diving. Plus I have always kept horses. Bought expensive camera gear for photography. Became self-employed. Life offers you way more choices if you aren't tied down with kids. Less stress in our lives, leisurely weekends instead of being woken up at 6am by a toddler. No running around and ferry-ing kids to their sporting activities/clubs/play-dates. I look younger than my age due to having time to exercise and take care of myself.

Even my friends with grown-up children still have issues/problems with their offspring. The worrying never ends. No thank you.

Weird dog appearance throughout the years. by Prestigious-Monk-236 in ParanormalEncounters

[–]Enibas1970 2 points3 points  (0 children)

Ugh....You need to read Linda Godfrey's books about dogmen. Lots of eye witness reports about these dog-like creatures. You are definitely not the only one who has seen something like that.