Bad Record-Keeping Could Cost You Thousands — Here's Why скачать в хорошем качестве

Bad Record-Keeping Could Cost You Thousands — Here's Why

Are you keeping the right records to protect your business from CRA strife? In this episode, we discuss why proper record keeping is crucial for your business. We cover how long to retain files and smart ways to stay organized, ensuring tax compliance and avoiding issues with the Canada Revenue Agency. This conversation provides essential business advice for peace of mind and success. Bad Record-Keeping Could Cost You Thousands — Here's Why (with Eric Sonego from CAPROS) 👉 Podcast version available here: https://tinyurl.com/35ka727b 🎥 Watch this episode and don’t forget to like, comment, and subscribe! ________________________________________ 📉 Are your books a mess? That mess could cost you thousands in taxes, audits, and missed growth. In this episode, we talk with Eric Sonego, Principal at CAPROS, about the real cost of bad record-keeping—and how to clean it up before the CRA comes knocking. If you’re a Canadian business owner who thinks bookkeeping is just paperwork, think again. 🔒 CRA audits are now powered by advanced tech. 💸 Missed sales tax filings? You could be paying penalties for years. 📊 Forecasting isn’t optional—without it, you’re flying blind. Whether you’re a solopreneur, a scaling contractor, or managing a non-profit, this conversation will shift how you manage money in your business—for good. ________________________________________ 👤 Guest Info – Eric Sonego, CAPROS LinkedIn:   / eric-a-sonego-84ba8299   Website: https://www.capros.ca/ 📞 Tel: 613-254-7310 📧 Email: eric.sonego@capros.ca ________________________________________ 🧠 What You'll Learn: • Why bad record-keeping is like running your business blindfolded • The key differences between bookkeeping and accounting (and why it matters) • How to use cloud-based tools like QuickBooks and Xero to automate receipts and organize your finances • The #1 thing that triggers CRA audits • The real cost of cutting corners on accounting • How to prepare your books for a sale, merger, or expansion • Why you MUST separate personal and business bank accounts • When to hire a bookkeeper—and what it’ll really cost if you don’t ________________________________________ 🔥 Key Topics: • Bookkeeping vs. accounting – what’s the difference? • CRA audit triggers and how to avoid them • Sales tax and payroll pitfalls in Canada • Forecasting vs. historical reporting • Digital tools that make audits and compliance easier • Why clean books = business clarity • How to prepare your business for sale or merger • Paying yourself properly as a business owner ________________________________________ 💡 Who This Is For: Canadian business owners, startup founders, side hustlers, trades professionals, consultants, and nonprofit leaders who want financial clarity and compliance. ________________________________________ 🎧 Want the podcast version instead? Listen here → https://tinyurl.com/35ka727b ________________________________________ ✍️ Let’s Chat! Drop a comment 👇 to let us know your biggest takeaway. Or reach out to us directly at 📩 info@kreativinsight.com Visit us → https://knack4business.com/ ________________________________________ 🙌 Special Thanks To: • Bernie Franzgrote (Host) • Wayne Pratt (Co-host) • Carl Richards – Podcast Solutions Made Simple → https://podcastsolutionsmadesimple.com/ • Fred Crouch – Property Wizard → https://tinyurl.com/3psh5bdk • Jovan Strika – @Hive → https://tinyurl.com/4dmcxah8 • Melanie Webber ________________________________________ 🤝 Sponsors Supporting Business Growth 1. Canada Growth Network Build powerful connections + get GoHighLevel CRM for just $47 CAD/month. 👉 https://tinyurl.com/3s5d3ayv 2. WebIndexer Turn your website into a 24/7 sales rep. Try the tool that powers ours. 👉 https://tinyurl.com/yav4edf5 3. East Trade Winds Free business networking that actually leads to deals. 👉 https://us06web.zoom.us/meeting/regis... ________________________________________ 📣 Subscribe to our channel for more insights like this. 👍 Like this video 💬 Leave a comment 🔔 Hit the bell so you never miss an upload 🎯 Want more business growth tips? 📩 info@kreativinsight.com 🌐 https://knack4business.com/