$Account.OrganizationName
 
  Topics & Tips
5th edition of 2010 March 1st, 2010

 
 

Welcome to IPBC's Topics and Tips. It is our commitment to provide timely and informative content to our members and the public.
Your feedback is welcomed and encouraged on topics, content, and inquiries.

 
 
lttle eileen tax detective
Dear TaxDetective®...

IPBC's Topics and Tips Newsletter 'Dear TaxDetective®' is a monthly column that answers burning questions about accounting and tax. Remember Dear Ann? Well now's your chance-- ask Dear TaxDetective a tough question. Send your questions to info@ipbc.ca

---------------------------------------------------------------------

The information and materials in this article are provided for general information purposes only and are not intended to constitute legal, accounting, or tax advice or opinions on any specific matters. Laws and regulations change frequently, and their application can vary widely based upon facts and circumstances involved. You, and not IPBC, or Eileen Reppenhagen, are responsible for the applicability and accuracy of information as it relates to your specific situation.

---------------------------------------------------------------------

Dear TaxDetective®

Copyright 2010 Eileen Reppenhagen

Dear TaxDetective:

Is there is such a thing as a comprehensive calendar of important dates for the accounting world, tax remittance dates, etc?

Signed: Always Ontime

Dear Always:

Due dates are in the compliance world, not the accounting world. That means each government department the individual, business, or trust works with have separate dates. For example, consider WCB, PST, Payroll, GST/HST, T1, T2, T3, T4, T5, T5008, and many other Tslips--each has their own deadline.

CRA has calendars on their website, including this one in My Account explained here:

http://www.cra-arc.gc.ca/E/pbg/tf/rc308/README.html

And for individuals, businesses, and trusts, you'll find due dates here:

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ll-dts/menu-eng.html

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/ll-dts/menu-eng.html

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ll-dts/blnc-t3-eng.html

I make no promises that these are all of the dates that you may encounter. That's why it's important to track your deadline dates using a system like Outlook Task Manager to ensure important dates are never missed.

-------------------------------------------------

This column is written by Eileen Reppenhagen, CGA, Certified QuickBooks ProAdvisor, and Honorary Member, IPBC

Do you have a question about tax? Send Eileen your question for a future column via info@ipbc.ca

Visit her website at www.tax detective.ca

 
 
MEMBER PROFILE

If you are interested in being featured in the Member Profile section, please send us the following:

Company Name

City and province

Are you certified?

How long have you been a bookkeeper?

What do enjoy the most about your IPBC membership?

A picture of yourself

 
 
clapping people
Welcome New Members

IPBC welcomes the following members who joined us in February:

Alberta

Teresa Donald, Stettler

Carol Gorai, Calgary

Leona Griffith, Calgary

British Columbia

Christine Davidson, Coquitlam

Louise McKay, Madeira Park

Peggy Yelland, Saanichton

Kerstin Kleinhempel, Westbridge

Maike Engelbrecht, Vancouver

Tina Yu, Richmond

Judi Geib, Kelowna

Raylene Tyne, Ucluelet

Dawn Olson, Ucluelet

Beth Tyrrell, Victoria

Dion Pomponio, Victoria

Sakineh Nangir, Port Coquitlam

Leslie Orser, Coquitlam

Catherine Alcee, Vancouver

Nova Scotia

Kimberley Patterson, Halifax

Betty Zwicker, Dartmouth

Ontario

Eva Hachey, Baltimore

Darlene Hopper, Toronto

David Bennett, Welland

Mumtaz Kassam, Guelph

Patricia Evans, Brighton

Emelie Geddes, Toronto

Sue Carson, Barrie

Saskatchewan

Trish McGregor, Martensville

 
 
clapping people
New CPB Grads

IPBC congratulates the following members who became Certified Professional Bookkeepers(CPBs) in February:

Alberta

Pamela Devins, CPB, Medicine Hat

Tina Huckabay, CPB, Calgary

British Columbia

Angeles Balena, CPB, Surrey

Maike Engelbrecht, CPB, Vancouver

Gay Wise, CPB, Shawnigan Lake

Beth Tyrrell, CPB, Victoria

Wendy Scott, CPB, Coquitlam

Kandice Keith, CPB, Brackendale

Ontario

Julia Skillen, CPB, Carrying Place

Grace Bozzo, CPB, Thornhill

Yukon Territory

Michelle Carleton, CPB, Whitehorse

 
 
versaccountslogo
Partner Spotlight- VersAccounts

VersAccounts is a complete web-based accounting system for Canadian small businesses. It allows bookkeepers to securely share accounting information with clients over the internet. It can be used with Windows-based PC's or Apple iMac computers. And, of course, it handles Canadian taxes such as GST/HST and PST.

Get started with VersAccounts today. Visit them at www.versaccounts.com

 
 
National Phone Conference-March 3rd, 2010

Wednesday March 3rd, 2010 at 11:30am PT

Tax Online: Take your sleuthing to new heights

Time: 11:30am PT- 12:30pm PT

Cost: The meeting is free; toll charges to access the call will be your responsibility or, you may use a VOIP connection.

Topic: Tax Online: Take your sleuthing to new heights

Earn your Deputy TaxDetective® status March 3rd, 2010. Ask yourself...

1. You know you saw it on the CRA website, but you were searching for another topic. Now, it's nowhere to be found. Are you losing sleep as a result?

2. There was a reason why you set the books up this way, but it's a year later. You can't remember why. Are you still up at 3 am, staring at the books because you can't sleep?

3. Deadline looming, forms missing... are you up until almost midnight, reading the electronical filing instructions, only to find the CRA website closed until morning?

If you answered 'yes' to any (or all) question(s), you might be a candidate to:

1. Explore how various government Ministries interact to create and administer tax

2. Explore the Income Tax Act and Regulations

3. Explore how tax law is applied to real people by our court system

4. Review the authorization process, My Account, and Represent a Client

5. Garner more techniques to search for answers about tax, for free, of course...

We can't do it all in an hour, but we will give you the basics, the short course on tax literacy.

NO, everyone can't just write to me with every tax question... I do have to get some work done. By February 9th, I'd written four columns for IPBC's next newsletters. I'm doing this for free. Why? In Canada we need bookkeepers who are enthusiastic super sleuths. I'm recruiting deputy sleuths, with the courage and tenacity of the orginal Nancy Drew.

Attend to attain Deputy TaxDetective® status on March 3rd, 2010.

Presenter: Eileen Reppenhagen, CGA

SPEAKER BIO:

Eileen Reppenhagen, CGA, ACG, CL, Certified QuickBooks ProAdvisor, and TaxDetective®, writes and speaks about accounting and tax. She's a regular contributor to Advisor Advantage, Intuit Canada's publication for QuickBooks ProAdvisors, writing about using QuickBooks and articles about what's new about tax. She writes several national monthly tax columns, including IPBC's semi-monthly e-zine, titled 'Dear TaxDetective'.

This webinar is being recorded and will be available on the member's portion of the website

To make a reservation for this event, please click on the link

https://www2.gotomeeting.com/register/466006723

The connection details will be emailed to you automatically.

 
 
National Phone Conference- March 17th, 2010

Wednesday March 17th, 2010 at 11:30am PT

Employee Engagement-capturing employee's hearts and minds for increased performance and retention

Time: 11:30am PT- 12:30pm PT

Cost: The meeting is free; toll charges to access the call will be your responsibility or, you may use a VOIP connection.

Topic: Employee Engagement-capturing employee's hearts and minds for increased performance and retention

Did you know that highly engaged employees are up to 40% more productive than other employees?

Hiring, retaining, and engaging your employees are challenges that many small (and large!) businesses face. Come share an evening with other local businesses to explore best practices in employee engagement and how these practices can positively impact recruiting efforts, turnover, productivity, and the employee-customer-profit value chain.

You will come away from this engaging workshop with an expanded understanding of the real cost of turnover, top strategies to engage the hearts and minds of your employees, and ways to build these principles into your recruitment, employee orientation,and overall employee retention/engagement plans.

Presenter: Joan Noel from Lightcycles Coaching

SPEAKER BIO

Joan Noel, the founder of Lightcycles Coaching, is a professional coach, facilitator, and HR consultant with 20+ year experience working with leaders, teams, and organizations. Joan serves her clients as a catalyst for growing personal leadership and building generative teams and partnerships.

As a professional coach, Joan works with leaders and entrepreneurs who are committed to personal leadership and effective teams. Joan's coaching passion is working with clients to maximize their potential and reach their goals in a way that increases balance, effectiveness, and fulfillment in both their professional and personal lives.

Joan is an Accredited Certified Coach (ACC) with the International Coach Federation (www.coachfederation.org), a Certified Professional Co-action Coach (CPCC) with The Coaches Training Institute (www.thecoaches.com), and is currently pursuing advanced coaching credentials with the Centre for Right Relationship (www.centerforrightrelationship.com) where she co-leads a global community of practice for coaches and allied professionals committed to bringing positive change to their professional and personal communities.

This webinar is being recorded and will be available on the members portion of the website.

To make a reservation for this event, please click on the link

https://www2.gotomeeting.com/register/774828578

The connection details will be emailed to you automatically.

---------------------------------------------------------------------

Upcoming National Phone Conferences:

April 21st - TBA

May 19th - Privacy - Presented by John Wunderlich of John Wunderlich & Assoc.

June 16th - Crucial Conversations - Presented by Tim Rooney of Rooney Earl & Partners

 
 
New Member Benefits

1) Discounts at Delta Hotels Nation Wide

Check the IPBC website for details to be posted this week.

2) 2.5 cents per litre discount at Shell Stations Nationwide

Check the IPBC website for details to be posted this week

3) Discounts on services provided by Backcheck-criminal record, reference, and credit checks. Check out who you are hiring.

www. backcheck.ca

4) Are you looking for more business? This month, IPBC launched a massive cross Canada promotion with 411.ca

Visit www.411.ca , type in the search box, bookkeeper and then your city or town. After the search is complete, on the right hand side of the screen, you will see the IPBC ad with a direct link to our directory of members.

You can expect that of the almost 300,000 visits from business owners looking for a bookkeeper over the next 4 months, you should get some calls. If you are not already doing so, please ask callers where they heard of you. It is a good idea to keep track of where your leads are coming from. Some members use Maximizer or Act to keep track of this and other important client communications. Please check that your listing on the IPBC website is up to date. If changes are needed, visit the website at www.ipbc.ca, then click on 'my profile'.

5) Promotional Material

Many members have taken advantage of the professionally designed brochures available to members. Add your contact information and print-- they are ready to help you build your business. Matching postcards are also available at the same location.

 
 
IPBC NEWS DESK

From The Executive Director's Desk

Imagine networking with some of the top bookkeepers in the country. Imagine the chance to be on the fast track to a more lucrative practice . . . to being a certified professional bookkeeper (CPB) . . . and to receiving greater professional recognition inside and outside of this network. Regional Meetings are a vital part of that formula for success.

They're a unique chance to combine learning - a guest speaker shares expertise that's sure to make your work a bit easier - with fun and powerful networking. Every meeting is free to attend.

VICTORIA, BC

Date: Monday March 1st, 2010

Time: 6PM to 8:30PM (meetings start and end precisely on schedule)

New Location:

The Pantry Restaurant

Unit 202, 3214 Douglas Street, Victoria, B.C.

You are responsible for your own meal and beverage

Regional Developers: Wendy Willis, CPB, & Avis Michalovsky

Presenter: Linda Lee Brougham, CA

Topics:

1) What are the bookkeeper's liabilities?

2) What are reasonable expenses?

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

GRANDE PRAIRIE, AB

Date: Wednesday March 3rd, 2010

Time: 6PM to 8:30PM (meetings start and end precisely on schedule)

Location:

Stanford Inn

11401 -100 Ave, Grande Prairie, AB

You are responsible for your own meal and beverage

Regional Developer: Lisa Butler, CPB

Presenter: Scott Mason, CA

Topic: How to recognize when a business should incorporate

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

NANAIMO, BC

Date: Monday March 8th, 2010

Time: 6PM to 9PM (meetings start and end precisely on schedule)

Location:

ABC Country Restaurant

6671 Mary Ellen Drive, Nanaimo, BC (Near Woodgrove Mall)

You are responsible for your own meal and beverage

Regional Developer: Sharon Unwin, CPB

Presenter: Craig Power, Account Manager for Small Business & Financial Planner, Scotia Bank

Topic: Securing Financing for Small Business-Added Value for Your Clients

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

OTTAWA, ON

Date: Tuesday March 9th, 2010

Time: 6PM to 9PM (meetings start and end precisely on schedule)

New Location:

Yang Ming Buffet

Emerald Plaza, 1547 Merivale Road, Nepean, ON

Cost: $15.49 /person

You are responsible for your own meal and beverage

Regional Developer: Linda Vogel, CPB

Presenter: Linda Vogel, CPB

Topic: Benefits of Being an IPBC Member

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

RED DEER, AB

Date: Thursday March 11th, 2010

Time: 6PM to 8:30PM (meetings start and end precisely on schedule)

Location:

ABC Restaurant

2085 Gaetz Avenue, Red Deer, AB

You are responsible for your own meal and beverage

Regional Developer: Valerie Rideout, CPB

Presenter: Cory G. Litzenberger, CMA

Topic: 2009/2010 Personal Tax Changes

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

WINNIPEG, MB

Date: Monday March 15th, 2010

Time: 6PM to 8:30PM (meetings start and end precisely on schedule)

Location:

Smitty's Restaurant (Polo Park)

1017 St James Street (Corner of Ellice and St. James), Winnipeg, MB

You are responsible for your own meal and beverage. There will be a fajita buffet for $21.99 plus tax and gratuity. Includes the following: Chips and Salsa; House Salad; Chicken, Steak, and Veggie Fajitas; Sweet Tray; Coffee or Tea

Regional Developer: Charlene Hiebert, CPB

Presenter: Canada Revenue Agency (CRA)

Topic: GST Tips & Tricks-Round Two

We learned so much from our last GST speaker that we have asked them back! A Rep from the CRA will be presenting.

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

CALGARY, AB

Date: Wednesday March 17th, 2010

Time: Dinner & Networking start at 6PM (meetings start and end precisely on schedule)

Location:

ABC Country Restaurant

11520- 24 Street SE, Calgary, AB

You are responsible for your own meal and beverage

Regional Developers: Allan Stenbeck, CPB, Wendy Morrison, CPB, Shelley Brown, CPB

Presenter: Syd Howlett, Certified Business Coach

Topic: Goal Setting & Time Management

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

VANCOUVER, BC

Date: Thursday March 18, 2010

Time: 6PM to 8:30PM (meetings start and end precisely on schedule)

Location:

Simon Fraser Room, attached to the ABC Restaurant, in the Accent Inn

2350 Boundary Road (Boundary & Lougheed Hwy)

--access parking off of Boundary Road

You are responsible for your own meal and beverage

Price: $30.00 registration fee (includes Buffet)

We can only accept cash and require exact change at the door please

Regional Developer: Kandice Keith, CPB

Presenter: Sharon Conboy, Director Of Canadian Payroll Association

Topic: Terminations

Terminations & Payroll

When the relationship with an employee ends, the termination process begins. From ensuring legislative requirements are met, including the tax treatment of monies paid, to communicating the termination inside and outside of the organization, make sure you are ready!

Join the Canadian Payroll Association (CPA) for this informative presentation exploring the legislative aspects of the termination process and best practices when ending the employee-employer relationship.

The session will provide an overview of termination issues as they relate to payroll, followed by a Question and Answer period.

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

EDMONTON, AB

Date: Thursday March 18, 2010

Time: 6PM to 8:30PM (meetings start and end precisely on schedule)

Location:

The ABC Country Restaurant

12707- 140 Ave, N.W., Edmonton, AB

You are responsible for your own meal and beverage

Regional Developer: Lynn Magnaye, CPB

Presenter: Stacy Walker, from Gettin Around to It

Topic: Organizing your small/home business

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

TORONTO EAST, ON

Date: Monday March 22, 2010

Time: 6PM to 9PM (meetings start and end precisely on schedule)

Location:

Apple Jack's

5328 Hwy 7 (at McCowan), Markham, ON

You are responsible for your own meal and beverage. There will be a Fajita Buffet for $20.00 plus tax and gratuity. Includes the following: Nachos; House and Caesar Salad; Chicken and Steak Fajitas; Selection of cake; Coffee or Tea

Regional Developer: Cheryl Hannaford

Presenter: Todd Bardes

Topic: Disaster Recovery Information Exchange Disaster Recovery Planning

Consider this statistic: 50% of companies who experience a disaster without a disaster recovery plan in place are out of business within five years. It's a pretty sobering thought. Tonight we will be discussing disaster recovery planning and the ways that we can help our clients plan now so that they don't become part of the 50%.

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

St. CATHARINES, ON

Date: Tuesday March 23rd, 2010

Time: 6PM to 8:30PM (meetings start and end precisely on schedule)

New Location:

Dom's Pasta & Grill

22 Academy Street, St. Catharines, ON

You are responsible for your own meal and beverage.

Regional Developer: Virginia Valle, CPB

Presenter: Canada Revenue Agency (CRA)

Topic: HST Implementation for Ontario

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

KITCHENER, ON

Date: Wednesday March 24th, 2010

Time: 5:15PM to 8PM (meetings start and end precisely on schedule)

Due to the special nature of this presentation the meeting will be starting earlier than usual and will not provide the usual networking opportunities. We have allotted more time for the speaker.

Location:

Country Boy Restaurant

5 Manitou Drive, Kitchener, ON

You are responsible for your own meal and beverage.

Regional Developer: Cindy Jeary, CPB

Presenter: Terry Dellion from the CRA

Topic: HST Implementation for Ontario

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

PRINCE GEORGE, BC

Date: Thursday March 25th, 2010

Time: 6PM to 8:30PM (meetings start and end precisely on schedule)

New Location:

Thanh Vu Restaurant

1778 Highway 97 South, Prince George

(In between the Sheraton Hotel & The Great Wall)

You are responsible for your own meal and beverage

Regional Developer: Clarence Lowey, CPB

Presenter: Dave Hoskins, CA, Deloitte & Touche LLP

Topic: 2009 Tax Q & A

When making your reservation for this meeting, please send any questions you would like the team to address. All questions need to be submitted to Deloitte & Touche by March 12th.

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

TORONTO WEST, ON

Date: Monday March 29, 2010

Time: 6PM to 9PM (meetings start and end precisely on schedule)

Location:

Lone Star Texas Grill (upstairs meeting room)

930 Dixon Road, Toronto, ON

You are responsible for your own meal and beverage. There will be a fajita buffet for $21.99 plus tax and gratuity. Includes the following: Chips and Salsa; House Salad; Chicken, Steak, and Veggie Fajitas; Sweet Tray; Coffee or Tea

Regional Developer: Susan Hopcroft, CPB

Presenter: Todd Bardes

Topic: Disaster Recovery Information Exchange Disaster Recovery Planning

Consider this statistic: 50% of companies who experience a disaster without a disaster recovery plan in place are out of business within five years. It's a pretty sobering thought. Tonight we will be discussing disaster recovery planning and the ways that we can help our clients plan now so that they don't become part of the 50%.

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

KELOWNA, BC

Date: Tuesday March 30th, 2010

Time: 6PM to 8:30PM (meetings start and end precisely on schedule)

Location:

Perkins

2170 Harvey Avenue, Kelowna, BC

You are responsible for your own meal and beverage.

Regional Developer: Judy Rheault, CPB

Presenters:

1) The CRA

2) Gordon Skillen, Executive Director of IPBC

Topics:

1) HST Implementation

2) IPBC Presentation

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

---------------------------------------------------------------------

SASKATOON, SK

Date: Wednesday March 31, 2010

Time: 6PM to 8:30PM (meetings start and end precisely on schedule)

Location:

Grainfields Pancake & Waffle House

Grosvenor Park Centre (8th Street), Saskatoon, SK

You are responsible for your own meal and beverage.

Regional Developer: Brenda Cross, CPB

Presenter: Steve Bell, Business Networking International

Topic: Demystifying networking, how to do it properly

Come learn how to market yourself and your business through networking

Non Members are welcome to attend two meetings to evaluate IPBC

To register for this meeting, contact us at info@ipbc.ca

 
 
blkwht hand seed
Words to Inspire

A good goal is like a strenuous exercise--it makes you stretch.

Mary Kay Ash

 
 
Do you have a Website?

If you are an IPBC member, you should proudly be displaying the IPBC logo along with a link, so your visitor can learn a little about your professional association. Membership in IPBC gives you an edge over your competition.

Show the world that you belong to a professional association for professional bookkeepers by adding a short informational video about IPBC to your signature line in your email program. The link, entitled 'View this short informational video about IPBC' is found below.

In Outlook, click 'Tools', followed by 'Options', 'Mail format', 'Signatures', and 'New' or 'Edit', depending if you already have a signature. Then copy and paste the link, "View this short informational video about IPBC", into this spot. Click 'OK'.

Feel free to contact us at info@ipbc.ca with any questions.

 
 
Do you have a story to share, or words of wisdom?

The purpose of the IPBC newsletter is to assist Canadian bookkeepers with tools, ideas, and resources to make your business efforts easier, and to help your business grow by delivering timely and thoughtful information. Do you have a story to share? Words of wisdom? Pass them along to us.

Email karenl@ipbc.ca

View this short informational video about IPBC

 
 

IPBC makes every effort to ensure that all content is correct, however,
IPBC recommends independent verification before acting on the information contained herein.

© Copyright 2010-All Rights Reserved Institute of Professional Bookkeepers of Canada (IPBC) You are encouraged to share this newsletter with your friends and associates as long as you do not change it in any way.


Institute of Professional Bookkeepers of Canada

email: info@ipbc.ca
phone: 1-866-616-IPBC (4722)