The Blueprint
In Business Owner Tax Blueprint we're covering the entire tax side of your sole proprietorship-regardless of your industry.
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Knowing the tax & money side of business ownership makes a huge difference. Not only does it save you thousands if not 10's of thousands of dollars, it also saves you precious time and gives you peace of mind & confidence. Understanding this allows you to be free to grow & scale your business and to focus on the other areas of your business.
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Over the course I will take you through the A-Z's of exactly what you need to know to save you money & time. You'll be able to easily & confidently run a tax compliant business.
I want to replace all feelings of confusion, stress, fear, uncertainty, and anxiety so you feel confident, fully informed, empowered and at peace.
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Say goodbye to those feelings of being overwhelmed.
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How would it feel to forever have the tax & money side of your business taken care of? ​​​​
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Say goodbye to headache, confusion, and worrying about the 'tax man'. Learn how to easily and effectively run your business's finances without stress and get ready to reach new heights in your business now that this part of your business is forever taken care of.
Benefits
Save money on your taxes by taking advantage of all the deductions available to you.
Grow your business with confidence and without the worry of CRA or uncertainty holding you back.
Time efficiency- ​Streamlined information getting you all the information you need in the quickest and most efficient yet thorough way possible. You're busy and don't have time to waste.
Easy to understand- I use plain, easy to understand language as we go through the course, like 2 friends chatting over coffee.
Peace of mind- no more stress, confusion, fear or feeling overwhelmed when it comes to taxes.
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Verified correct information- Learn accurate information from a credible professional with over a decade of tax experience.
​Stress free audits now that you have a CRA approved record keeping system and you know what you can and can't claim.
​Exclusive and personal weekly access to Laura for the duration of the course. Ask your questions and get answers to your individual and specific situation.
Everything you need to know in one place- Be assured you're not missing anything. You get all the information you need streamlined to you in an extremely easy to understand way.
Knowledge for life- once you learn this you have it forever. You can also take into any future business endeavors and the lessons will still apply. Imagine forever having the tax & money side of your business taken care of.
No more wasted hours scouring Google trying to find answers or decipher hard to read tax articles and hoping it's correct.
The course is FULLY deductible on your taxes as a business expense, even if you have not officially started your business.
Increased mental capacity & time to get back to other areas of your life & business.​
Know exactly what to do the first time instead of making costly mistakes.
Is This For Me?
This is for you if you are:
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Self employed
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You want to start a business
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A contractor/subcontractor
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A sole proprietorship
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Part of a partnership
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An unincorporated business
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Solopreneur
Or any mix of these
This is for you if tax makes you feel:
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Confused
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Unsure
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Overwhelmed
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Stressed
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Anxious
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Fearful
Or any mix of these
What's Inside
01.
Tax 101- The Basics
We start off with tax 101.
You'll learn the basics of how a tax return works, along with common credits and deductions.
This is our foundation to build from and will not only help you with your business but with your personal taxes in general.
02.
How to Open & Register a Sole Proprietorship
In this lesson I'll teach you how to open and properly register a sole proprietorship or partnership so there's no guesswork or costly mistakes.
That includes:
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What is a sole proprietorship vs a partnership
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What to register for
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How to register & costs
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When to register
03.
How to Keep Records
Find the right system for you based on your personality and say goodbye to procrastination and missing receipts. By the end of the lesson you will have a headache free record keeping system in place.​
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Also learn how to track your incomes & expenses with a system that works for you.
04.
What You Can Claim
Stop guessing what expenses you can claim. We'll cover each current and capital expense you can claim so you don't leave any money on the table.
We will also cover expenses that you cannot claim.
Lastly we'll go over when it does and doesn't make sense to buy something for a tax write-off.
05.
How to Claim Your Home as an Expense
In this lesson we will go over how to get the most out of claiming your home as a business expense.
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That includes:
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How to claim these expenses
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What you can and cannot claim
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Tips to maximize these expenses.
06.
Motor Vehicle Expenses
​This is a massive topic that most business owners get wrong.
We'll cover:
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What you can claim & how
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Documentation needed
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How to keep a vehicle log
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What trackers to use
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Leasing vs Buying- the pros and cons of each and what is better
07.
Canada Pension Plan (CPP) as a business owner
As a working resident of Canada there is no way around CPP. However, CPP is different when you're self employed vs an employee. In this short lesson we'll cover these differences and what you need to know.
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Note: This lesson and lesson 8 will be presented at the same time.
08.
Self Employed Employment Insurance
This is an optional program for people who are self employed that would still like the coverage of the EI program. There are notable difference between regular EI and self employment EI that we will cover.
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We also go over:
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What is it & what the benefits are
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How to register
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How your premiums are calculated
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Pros & cons of opting in
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Collecting Benefits
09.
Sales Tax 101
This lesson is everything you need to know about GST/HST and PST.
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We'll cover:
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When to register
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How to register
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How to collect sales tax
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How to track your sales tax credits
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How to file your sales tax returns
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10.
Hiring & Paying a Team
When you need to expand your business don't let the unknown hold you back and avoid costly mistakes with this lesson.
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We'll cover:
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What is an employee vs a subcontractor
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The pros & cons of each and what's best for you
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How to pay them
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How to set up a payroll account
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How to issue a T4
11.
Incorporation Information
A sole proprietorship is great and it's typically what I recommend to my clients to get them started however, there comes a time when incorporating makes sense.
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This lesson includes:
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When it makes sense to incorporate
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Things to know as a corporation
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How to close your sole proprietorship
BONUS
Weekly Live Calls with Me
As you go through the course you'll get exclusive access to me over weekly Zoom calls.
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Be able to ask your questions and get answers to your unique and specific circumstances as you go through the course in real time.
