tag:blogger.com,1999:blog-63151101130313177292024-03-13T23:18:15.677-07:00NYCARE (Earla Riopel and Albert Riopel)About
NYCARE (Earla Riopel and Albert Riopel) was founded in August 2010. It started as a Twitter account site, sharing health and wellness e-newsletters, and tweets. Later on, I decided to use the name, "NYCARE", for our private crowdfunding company.
For info:
Earla Riopel, Founder/ Co-Partner / General Manager
Email: earla@earlariopel.com or earlariopel@salesmarketingexperts.co
Mobile (Text only please): 1+604-861-4628
Address: 12230 - 101A Avenue, Surrey, British Columbia, V3V 3A2NYCARE (Earla Riopel and Albert Riopel)http://www.blogger.com/profile/05523398886629791287noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6315110113031317729.post-16943284261004544332015-12-07T15:14:00.000-08:002019-07-31T23:33:43.211-07:00Earla Riopel and Family Related Personal and Business Website<h3 class="post-title entry-title" style="background-color: white; color: blue; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 22px; font-stretch: normal; font-weight: normal; margin: 0px; position: relative;">
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<span style="font-family: "georgia" , serif; line-height: 22.4px;">This </span><a href="http://nycarewellness.blogspot.ca/" style="color: #9900ff; font-family: georgia, serif; line-height: 22.4px; text-decoration: none;"><b>Blogger site</b></a><span style="font-family: "georgia" , serif; line-height: 22.4px;"> will still carry most of daily networking activities found in other related sites.</span></div>
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<span style="font-family: "georgia" , serif;">Main accounts: <a href="https://twitter.com/EarlaRiopel">@EarlaRiopel </a> / <a href="http://earlariopel.com/" style="color: #9900ff;"><b>http://earlariopel.com</b>/</a> </span><br />
<span style="font-family: "georgia" , serif;"> <a href="https://www.facebook.com/ANR-Technologies-1006531416077822/">ANR Technologies</a> / <a href="https://twitter.com/EarlaRiopel/lists/earlariopel-accounts/members">@</a></span><span style="font-family: "georgia" , serif;"><span style="line-height: 22.4px;"><a href="https://twitter.com/EarlaRiopel/lists/earlariopel-accounts/members">EarlaRiopel / @NYCARE</a></span></span></div>
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<span style="font-family: "georgia" , serif;">Sites are mostly for personal and freelance work posts, topics include: business, finance, technologies, health, wellness and other related personal and business work.</span></div>
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<b><span style="font-family: "georgia" , serif;">Earla Riopel</span></b><span style="font-family: "georgia" , serif;">, </span><b><i><span style="font-family: "georgia" , serif; font-size: 9pt;">BSCom(USA), DipAcc(UBC)</span></i></b><u1:p></u1:p><span style="font-family: "georgia" , serif;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Website:<b style="line-height: 18.2px;"> <a href="http://earlariopel.com/">http://earlariopel.com</a>/ </b>Email: <b><a href="http://earla@earlariopel.com%20/"><span style="font-family: "times new roman" , serif; font-size: 12pt; line-height: 18.4px;"><u>earla@earlariopel.com</u></span> </a></b></span></div>
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<span style="font-family: "georgia" , serif;">Main <a href="http://nycarewellness.blogspot.ca/" style="color: #9900ff; text-decoration: none;"></a>Sites <b><u><a href="http://earlariopel.com/" style="color: #9900ff; text-decoration: none;">Website</a> </u>; <u><a href="http://www.twitter.com/earlariopel" style="background-color: transparent; color: #9900ff; font-family: 'Times New Roman', serif; text-decoration: none;">Twitter</a></u> ; <u><a href="https://ca.linkedin.com/in/earla-riopel-bscom-dip-acc-ubc-1b812121" style="background-color: transparent; color: #9900ff; font-family: 'Times New Roman', serif; text-decoration: none;">LinkedIn</a></u> ; <u><a href="http://www.facebook.com/earlariopel" style="background-color: transparent; color: #9900ff; text-decoration: none;">Facebook</a> </u>; <a href="http://earlariopel.blogspot.ca/" style="color: #9900ff;">Blog</a></b></span><br />
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<span style="font-family: "georgia" , serif;">The 'Riopels' - NYCARE: N-oel, Y-vonne, C-atherine, A-lbert R-iopel, E-arla:); my mom and </span><br />
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<span style="font-family: "georgia" , serif;">special family friends:</span><br />
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<tr><td class="tr-caption" style="text-align: center;"><span style="font-size: 12.8px;">Taken before </span><a href="https://www.flickr.com/photos/49013971@N06/albums/72157667025910493" style="font-size: 12.8px;">Noel's 2016 Grad Dance </a></td></tr>
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NYCARE (Earla Riopel and Albert Riopel)http://www.blogger.com/profile/05523398886629791287noreply@blogger.com0tag:blogger.com,1999:blog-6315110113031317729.post-29263915960812915002014-12-27T15:24:00.000-08:002019-09-09T15:23:18.689-07:00"The Beauty of Christmas"<a href="http://3.bp.blogspot.com/-dcRJOH_VsFQ/VJ8glUAEDJI/AAAAAAAAAsY/b_L2KenV-Ik/s1600/016.JPG" imageanchor="1" style="clear: left; display: inline !important; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img border="0" height="200" src="https://3.bp.blogspot.com/-dcRJOH_VsFQ/VJ8glUAEDJI/AAAAAAAAAsY/b_L2KenV-Ik/s1600/016.JPG" width="150" /></a><a href="http://3.bp.blogspot.com/-fKY9R2aQf84/VJ8i9cTRnwI/AAAAAAAAAs4/aCPDLcUOQP0/s1600/01b%2B-%2BCopy.JPG" imageanchor="1" style="clear: left; display: inline !important; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img border="0" height="200" src="https://3.bp.blogspot.com/-fKY9R2aQf84/VJ8i9cTRnwI/AAAAAAAAAs4/aCPDLcUOQP0/s1600/01b%2B-%2BCopy.JPG" width="126" /></a><img border="0" height="200" src="https://1.bp.blogspot.com/--nDkyticahk/VJ8gw6o0iFI/AAAAAAAAAsg/86gvjwhxqwI/s1600/01s.JPG" style="text-align: center;" width="150" /><span style="text-align: center;"> </span><img border="0" height="200" src="https://3.bp.blogspot.com/-3i8AWRjJvlo/VJ8gand-TJI/AAAAAAAAAsQ/3ipZHCGB1Io/s1600/00%2B-%2BCopy.JPG" style="text-align: center;" width="124" /><br />
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With all the busyness and the stress that surround our lives all year long, have you made a habit to just completely stopped for a day or two to relax and just enjoy the company of your loved ones and close friends? For my family, it’s Christmas.</div>
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Christmas brings that magical beauty of family and close friends’ togetherness, giving, preparing good food, and just pure fun. This year, we didn't spend as much like the prior years, and it’s quite surprising we have more fun. <o:p></o:p></div>
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What’s the secret? I think it’s the early preparation and the combined effort of the whole family to make it as a huge success Christmas celebration. Each family member and their other half did something special, big or small and made it a special occasion to remember.<o:p></o:p></div>
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<b>Family Togetherness</b></div>
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We have ten people this year, each one has busy schedule, except for the two youngest ones. Even with the busyness, different work schedule and studying constraints, each of us tried to take time off and be with family, loved ones and just enjoyed the special moment.<o:p></o:p></div>
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<b>Giving Gifts</b></div>
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Coming from Christian’s background, giving gifts is part of the celebration, either big or small ones. Over the years, my husband and I made a rule on gifts, we both give a set amount of small cash and store bought gifts. The cash is for them to buy whatever they want, or pay for other extra expenses that they wished to. <o:p></o:p></div>
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As to store bought gifts, my husband @AlbertRiopel and I begin our Christmas gift source of fund right the start of the New Year, through making room in our favourite department store, Hudson Bay’s store card. Even with the higher interest on it, but with the cash voucher through purchased points, and the special discounts for store cardholder, the interest is as much as the bank credit cards. Thus, the thought of affordability and good value for your money is a nice way to start preparing for the most important event of the year.<o:p></o:p></div>
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This year, I get a little help with my Christmas shopping. Besides being our home Christmas decorator, my eldest daughter helped me with the Christmas shopping this time. It was nice that we went a few days earlier than I used to shop (every New Year’s Eve). I guess in the past when the kids were younger it was alright, but in the last two years, things changed a little. For over twenty years we used to celebrate on Christmas Eve, had a late dinner and opened presents right after the strike of midnight, and had second Christmas celebration at my parents’ home on Christmas Day.</div>
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However, since my parents moved out from their home in 2011, and my beloved father passed away in 2012, my widowed mother has been living with us. Thus, the last two years we decided to just have one Christmas celebration, and have an earlier dinner and opened the gifts right after. So that way on Christmas Day, each family member who would like to spend time with their other half, or with a family member or with close friends can celebrate Christmas on their own special moment.</div>
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<b>Preparing Good Food</b></div>
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As always, I cooked our Christmas Eve dinner, and tried to accommodate what my whole family wanted for dinner. This year, they requested both a turkey and a ham dinner with mashed potatoes, stuffing and gravy. Unfortunately, the turkey wasn't perfectly done this year. What happened is that, roasting turkey and ham at the same time, side-by-side is not such a good idea. Though the ham is nicely cooked, but one side of the turkey closed to the ham side is not 100% cooked, the oven is not big enough for the two to get it nicely cooked. So, the turkey had to be put back to the oven for a few minutes to get it fully cooked. Otherwise, the dinner is just perfect.<br />
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I usually save time baking for desserts, and just went and get our favourite pumpkin pies at Costco. But this year, besides with our pumpkin pies, my youngest daughter baked some special cookies. She loves to bake. This time she made many batches of ginger-bread cookies for everyone. She decorated each cookie nicely, and placed them in colourful containers. At first, we thought they bought them at a bake shop, since it looked like store-bought cookies. But they are home-made ones, and she put her artistic skills on them.</div>
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<b>Just Enjoying Christmas</b></div>
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When each family member tried special effort in making Christmas a moment to remember, from saving money or source of funds for Christmas gifts, to home decorating, to shopping, to cooking, to baking, to serving dinner, to entertaining, to be the camera person, played the part of Santa Claus and little elves, or other things that make it as a success, Christmas can’t go wrong. <o:p></o:p></div>
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It’s just pure fun of celebrating Christmas, with lots of love to share, joy, happiness and long lasting relationships around your family and other loved ones. You have that special feeling of looking forward of next Christmas, celebrating the birth of Jesus Christ and that specially holiday of giving.<o:p></o:p></div>
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Until Next Christmas!:)</div>
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September is always somewhat special for me. Not only it's the start of school and the youth soccer league for our household, but it's my husband, <a href="https://twitter.com/albertriopel/">Albert</a> and <a href="https://twitter.com/earlariopel/">myself</a> wedding anniversary.<br />
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<b>School Started Late</b><br />
The school season started few weeks late for British Columbian (k-12 grades) kids due to a long BC Teachers' strike which started in June, ending the school 2013-2014 term early than the regular scheduled date.<br />
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Though my <a href="https://twitter.com/NYCARE_Wellness">15 year old son</a> has some other extra-curricular activities besides school, such as his <a href="http://athletics.sfu.ca/sports/2012/7/10/MSOC_0710124007.aspx?path=msoc">SFU Soccer Academy</a>, <a href="http://www.cliffavenuesoccer.com/">Cliff Avenue Soccer</a> and doing self-taught computer programming, but like other school kids, he's just happy to be back at school and so am I.<br />
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<b>Our Wedding Anniversary</b><br />
Time flies. It's seems like September 1990 was fast-forwarded for us so fast that we just celebrated <a href="http://www.twitlonger.com/show/n_1saefc6">our 24th</a>! I guess, having three children, ages: 22, 21 and 15 years old, we considered ourselves as one of those young parents in the 40s and early 50s. As to the celebration, we didn't do much on our 24th anniversary, just spending time with each other. It was fun.<br />
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<b><a href="https://twitter.com/albertriopel/">Albert</a> and <a href="https://twitter.com/earlariopel/">Myself</a> at ICOM <a href="http://www.masterpromotions.ca/Previous-Events/truxpo-2014/">Tradex Truxpo 2014</a></b></div>
After being with his last job for almost 13 years, this year, my husband <a href="https://twitter.com/AlbertRiopel">Albert</a> accepted a new employment. He likes his new employment at <a href="http://www.icomcanada.com/">ICOM Canada</a>. I won't call it so much as a new line of work, since it was related to his previous employments (amateur radios) which started at least 30 years ago. It started more like a hobby for him at 15 years of age, took related training, apprenticeships and became his employment before and after we got married in 1990.<br />
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Lately at ICOM Canada, his love for amateur 'ham' radio has been given extra credit and recognized by his colleagues and giving him opportunity to go to some of ICOM Canada's trade shows. Of course, my love of photography and spending time with Albert on the weekend always a 'treat' for the two us. I don't know what Albert does at work, but I got invited a couple times already! Not complaining of course, my curiosity and <a href="https://twitter.com/EarlaTravelPics">love of photography</a> always tempted me to say 'yes' and tagged along. Just hoping with all these trade shows that Albert and I attended, we made a difference to promote Albert's work, ICOM Canada and even globally. <a href="http://www.icom.co.jp/world/">ICOM</a> is celebrating its 50 years anniversary this year, which originally started in Japan.<br />
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<b>Twitter and Paperli Curation</b><br />
<a href="https://twitter.com/EarlaRiopel/lists/paper-li-news/members">Twitter and Paperli</a> have been part of my life in the last 6 years and 5 years respectively. I am not making money out of it, if you are wondering. If Albert has his amateur 'ham' radio as a hobby, <a href="https://twitter.com/EarlaRiopel/lists/paper-li-news">Twitter and Paperli</a> are my two hobbies that I can't live without these days. It brings that enjoyment of social networking and it feeds my brain every day, knowing what's happening out there, locally and globally is priceless. Love it!<br />
<b><br /></b><b><a href="https://twitter.com/nycare_store">Soccer Drills</a></b><br />
Laugh if you will, but since I injured my right leg last year, I skipped 2014 for any running races. Since 2004, I have participated at least 56 running related races, including 6 triathlons and 15 marathons. I decided to be nice and a little 'softie' to my body this year. You can call it 'laziness' or 'rehabbing' or 'gaining some extra pounds', but I'm happy with my current 'fitness program'. Going with <a href="https://twitter.com/NYCARE_Wellness">Albert and our 15 year old son</a>, spending time with them during their Cliff Avenue soccer practices and games are so motivating, defying all 'comments' of very traditional people of having a woman in her 40s doing soccer drills instead of running or walking around the soccer field.<br />
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Albert and my son don't care! They are both just happy to see me doing something for myself, fitness wise. I guess, I have trained my husband and my son to think that way, since I have been doing soccer drills on the sideline on and off since 2006! For the record, I received my BC youth soccer certifications and coached younger kids, including my son's U9 and U10 team as a head coach. I have 3 kids who played soccer since 2006, and when I am <a href="http://soccerfanview.blogspot.ca/2013/01/why-soccer-is-called-beautiful-game-for.html">not coaching, just watching, taking soccer photos</a>, and <a href="https://twitter.com/NYCARE_Wellness/lists/paper-li-news/members">promoting soccer sport online</a>, I enjoyed doing soccer drills on the sideline. My advance apology for the 'very traditional'. Having seen amateur soccer men past 50s participating during <a href="https://twitter.com/EarlaSoccerPics">annual Nations Cup</a> at nearby town (one of my favorite events, by the way), I can't see why women should stopped doing soccer drills, stay fit and having a fitness program that has the title 'FUN' in it!<br />
<b><br /></b><b>US CPA Exam Review Continues</b><br />
Besides on the above things that I do, when I find a spare time, I am still in pursuit of my forever <a href="http://nasba.org/licensure/gettingacpalicense/">US CPA designation</a>. I guess it's not so much of how much money I could make out of it at this time, but it's becoming a challenge of finishing a long journey which started in my home country Philippines at least close to 30 years ago. I received my Bachelor of Science in Commerce diploma in October of 1985 at <a href="http://www.usa.edu.ph/">University of San Agustin (USA)</a>, and received my Diploma in Accounting at <a href="http://www.sauder.ubc.ca/Programs/Diploma_in_Accounting">University of British Columbia (UBC)</a> in May of 2002. It's all fun for me, except when I get a 'fail' mark in my <a href="http://nasba.org/exams/cpaexam/">FAR!</a><br />
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Until next writing...<br />
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<b style="line-height: 13.65pt;"><span style="font-family: "georgia" , serif;">Earla Riopel</span></b><span style="font-family: "georgia" , serif; line-height: 13.65pt;">, </span><b style="line-height: 13.65pt;"><i><span style="font-family: "georgia" , serif; font-size: 9pt;">BSCom(USA), DipAcc(UBC)</span></i></b></div>
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<span style="font-family: "georgia" , serif;">Website:<b> <u><a href="http://earlariopel.com/" style="color: #25224c; text-decoration: none;"><span style="color: #25224c;">http://earlariopel.com/</span></a></u> </b>Email: </span><b style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 18.3999996185303px;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><a href="mailto:earla@earlariopel.com" style="color: #25224c;"><span style="color: #25224c;">earla@earlariopel.com</span></a></span></b><span style="font-family: "georgia" , serif;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Main Sites: <b><u><a href="http://earlariopel.com/">Website</a></u> ; <u><a href="http://www.twitter.com/earlariopel" style="background-color: transparent; font-family: 'Times New Roman', serif;">Twitter</a></u> ; <u><a href="https://ca.linkedin.com/in/earla-riopel-bscom-dip-acc-ubc-1b812121" style="background-color: transparent; font-family: 'Times New Roman', serif;">LinkedIn</a></u> ; <u><a href="http://www.facebook.com/earlariopel" style="background-color: transparent;">Facebook</a></u>; <u><a href="http://earlariopel.blogspot.ca/" style="font-family: 'Times New Roman', serif; font-size: medium; line-height: normal;">Blog</a></u></b> </span></div>
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NYCARE (Earla Riopel and Albert Riopel)http://www.blogger.com/profile/05523398886629791287noreply@blogger.com0tag:blogger.com,1999:blog-6315110113031317729.post-88395776369462139772014-08-15T15:12:00.000-07:002015-12-15T22:10:18.976-08:00About "NYCARE" and @EarlaRiopel <div class="separator" style="clear: both; text-align: center;">
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What is <b>NYCARE</b>?<br />
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Or who is NYCARE?<br />
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<a href="https://twitter.com/NYCARE_Wellness/paper-li-news/members"><b>NYCARE</b></a> is a family related websites I <a href="https://twitter.com/EarlaRiopel">(@EarlaRiopel) </a>created for myself and my "<a href="https://twitter.com/fashiontwitwall">Riopel Family</a>". N-Y-C-A-R-E is a combination of my <b>Riopel</b> Family members' name:<br />
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N = <a href="https://twitter.com/NYCARE_Wellness">Noel</a><br />
Y = <a href="https://twitter.com/FashionTWStore">Yvonne</a><br />
C = <a href="https://twitter.com/fashiontwitwall">Catherine</a><br />
AR = <a href="https://twitter.com/AlbertRiopel">Albert Riopel</a><br />
E = <a href="https://twitter.com/EarlaRiopel">Earla</a><br />
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Hope that answered your curiosity.<br />
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<b>History </b><br />
The creation of <a href="https://twitter.com/NYCARE_Wellness">NYCARE</a> in August 2010 was actually accidental. It was an inactive Twitter account for my @Acct4Life I created for my accounting business.<br />
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I was more on my main <a href="https://www.facebook.com/earlariopel">Facebook</a> account during that time (created in 2007). It started with a 50 Facebook friends, and grew to over 4,800 friends now! I know, it's too many.<br />
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<b>The Influencer</b><br />
My first Twitter account is <a href="https://twitter.com/EarlaRiopel">@EarlaRiopel</a> created in 2009, this too is accidental. It started with my love and curiosity of cycling related sports (did a few triathlon races between 2004 - 2011), and finally created my first Twitter in May of 2009. Laugh if you will, but I was a huge fan of Lance Armstrong. It was him who got me into Twitter. I was following him through Facebook during that time. He has this ability to make his fans follow him, even to open a Twitter account! I was glad he had that influence on his fans during time, or else I won't be having this fun, and enjoying Twitter as I do now, especially following and interacting with very exciting tweeps!<br />
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Also, I became a huge fan of the <a href="http://www.bcsuperweek.ca/">BC Superweek</a>, an annual nine (9) cycling races, held in the Greater Vancouver and the Lower Mainland, just across the other side of United States of America. Most of the competing teams are from the US, and overseas. Always happy and excited to watch some of our Canadian cyclists when they come to town, even if they're riding for non-Canadians teams!<br />
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So, that's how I joined Twitter, my first account (<a href="https://twitter.com/EarlaRiopel">@EarlaRiopel</a>) in 2009, and then <a href="https://twitter.com/NYCARE_Wellness">@NYCARE_Wellness</a> in August of 2010, and the rest of Twitter accounts followed. I definitely have a story for each of them too, and why they were created.<br />
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<b>More on the Origin of NYCARE Creation</b><br />
Back to the creation of NYCARE, since I am not done with the story yet. As I mentioned above, the creation of NYCARE is accidental. It was first meant for my accounting business, and decided to use the account for dietary supplementary products in 2010 with someone I worked with as an associate. But had to change the site's name (that is now NYCARE) later on.<br />
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Though our short-lived dietary business lasted in a short period of time, my former co-associate actually became one of my Facebook on-line soccer friends who is fun to follow. That's the nice thing of being in sports, either you're a fan or an athlete, or as a soccer player, you always have something to talk about the sports - all age groups welcome!<br />
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So that's it folks, that's how NYCARE was created, and why <a href="https://twitter.com/NYCARE_Wellness">@NYCARE_Wellness</a> was more into a sports Twitter site, especially with the emphasis into soccer (<a href="http://soccerfanview.blogspot.ca/2013/01/why-soccer-is-called-beautiful-game-for.html">all my kids played soccer,</a> and us parents as coaches). My husband <a href="https://twitter.com/AlbertRiopel">Albert</a>, <a href="https://twitter.com/NYCARE_Wellness">Noel</a> and <a href="https://twitter.com/EarlaRiopel">myself</a> are still very much involved with soccer. I am more of like the messenger, promoting the sport through on-line, and through being a <a href="https://twitter.com/EarlaSoccerPics">sports amateur photographer</a>.<br />
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<b>The Addiction to Twitter and Paperli Continued</b><br />
In addition to NYCARE, I also have the privilege of promoting the sports through <a href="https://twitter.com/NYCARE_Wellness/paper-li-news/members">related sites</a> I created. Being married to a youth soccer coach, mother of three children (who always have the love for the sports). Also, being an accountant, a <a href="https://twitter.com/CPA_Fans_Page">United States (US) CPA candidate,</a> and a 'soldier' for my family for life - makes it more enjoyable to manage <a href="https://twitter.com/NYCARE_Wellness">@NYCARE_Wellness</a> and <a href="https://twitter.com/EarlaRiopel/lists/paper-li-news/members">20 related accounts,</a><br />
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Besides my main website: <a href="http://earlariopel.com/">http://earlariopel.com/</a>, I also created, own, and manage most of these <a href="https://twitter.com/EarlaRiopel/paper-li-news/members">Twitter Accounts</a>, which are recently named '<b><a href="https://twitter.com/EarlaRiopel/lists/paper-li-news/members">Riopel</a></b>' (formerly called NYCARE and Earla Riopel.com), and most of <a href="http://nycarewellness.blogspot.ca/">"All My Fun Site Links"</a> accounts, </div>
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Also, besides <a href="http://ca.linkedin.com/pub/earla-riopel/21/121/1b8">LinkedIn</a><u>,</u> <a href="https://twitter.com/NYCARE_Wellness">Twitter</a>, <a href="https://www.facebook.com/NYCAREHealthWellness">Facebook</a>, <a href="https://www.youtube.com/user/EarlaRiopel1">YouTube</a>, <a href="https://www.flickr.com/photos/49013971@N06/page122">Flickr</a>, and <a href="https://plus.google.com/u/0/+EarlaRiopelFooty/">Google+</a> sites, which some of them are fully-designed and functioning, I decided to just have a few blogs where I can enjoy my love of writing. I find that a <a href="http://earlariopel.blogspot.ca/">Blogger site</a> like this one is the best sites to carry most of my daily networking activities links, especially related to the new <b>'<a href="https://twitter.com/EarlaRiopel/lists/paper-li-news/members">Riopel</a></b><a href="https://twitter.com/EarlaRiopel/lists/paper-li-news/members">'</a>. The rest are still in-progress site construction mode, which I am too excited to design them fully in the near future.</div>
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<b><span style="font-family: "georgia" , serif;">Earla Riopel</span></b><span style="font-family: "georgia" , serif;">,<span style="font-size: 13px;"> </span></span><b style="font-size: 13px;"><i><span style="font-family: "georgia" , serif; font-size: 9pt;">BSCom(USA), DipAcc(UBC)</span></i></b><span style="font-family: "georgia" , serif; font-size: 9pt;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Website:<b> <u><a href="http://earlariopel.com/" style="color: #25224c; text-decoration: none;"><span style="color: #25224c;">http://earlariopel.com/</span></a></u> </b>Email: </span><b style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 18.3999996185303px;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><a href="mailto:earla@earlariopel.com" style="color: #25224c;"><span style="color: #25224c;">earla@earlariopel.com</span></a></span></b><span style="font-family: "georgia" , serif;"><o:p></o:p></span></div>
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NYCARE (Earla Riopel and Albert Riopel)http://www.blogger.com/profile/05523398886629791287noreply@blogger.com0tag:blogger.com,1999:blog-6315110113031317729.post-19676120645352765532013-01-23T20:55:00.003-08:002015-12-15T22:10:38.939-08:00Preparing for Next Fiscal Accounting Period<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td><a href="http://www.gophoto.it/view.php?i=http://2.bp.blogspot.com/-mgnBJbiuufE/TsS6hVXxM4I/AAAAAAAAAMw/IqN221ayYzw/s1600/Canada++2010+Olympic+closing+celebration.jpg19.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://2.bp.blogspot.com/-mgnBJbiuufE/TsS6hVXxM4I/AAAAAAAAAMw/IqN221ayYzw/s320/Canada++2010+Olympic+closing+celebration.jpg19.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="font-size: 13px;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=vancouver+2010+winter+olympics+closing+ceremony+&oq=vancouver+2010+winter+olympics+closing+ceremony+&aq=f&aqi=&aql=&gs_sm=s&gs_upl=38634l47256l30l55782l11l8l0l1l0l3l917l5983l6-7l7l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">Vancouver Olympics Closing Day</a> (click link)</td></tr>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Finally, we reached the last part of the “<b>7</b> <b>Basic Things You Need To Know During Start-up Year”</b>. It was so much fun writing the last 6 issues, and hopefully they have been helpful information for new entrepreneurs, and for some existing ones.</span><br />
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Again, here’s the complete list of the <b>7 Basic Things You Need To Know During Start-up Year:</b><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">(1) Types of Business Organizations<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">(2) Business Product to sell and manufacture and service to perform<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">(3) How to keep business records<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">(4) Planning to have employees or sub-contracting<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">(5) Year-end Requirements<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">(6) Dealing with the taxman (Canada Revenue Agency)<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">(7) Preparing for the next fiscal period</span></div>
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<tr><td><a href="http://www.gophoto.it/view.php?i=http://4.bp.blogspot.com/-1TF49tUmbbs/TsS7HzHbKfI/AAAAAAAAAM4/I6tdmPvUl8o/s1600/Canada++2010+Olympic+closing+celebration.jpg13.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://4.bp.blogspot.com/-1TF49tUmbbs/TsS7HzHbKfI/AAAAAAAAAM4/I6tdmPvUl8o/s320/Canada++2010+Olympic+closing+celebration.jpg13.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="font-size: 13px;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&q=2010+olympics+closing+ceremony&revid=915162933&sa=X&ei=4o3ETsvNL4SaiQKt7aHHBQ&ved=0CDkQ1QIoAA&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=3d6c14188bca79b8&biw=1697&bih=982">At Downtown Vancouver during Closing Day of 2010 Olympics</a> (click link)</td></tr>
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<b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Preparing for the Next Fiscal Period</span></b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">New fiscal period is just like New Year. It’s a fresh new start for some things that you wanted to accomplish in the last fiscal period, but just didn’t happen. Whatever they are, this is your new chance.<o:p></o:p></span></div>
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<b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Things to Do during the Next Fiscal Period:</span></b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">a) Consistency in record keeping<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">b) Reconciliation of prior year’s amounts<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">c) Meeting company’s obligation to governing agencies and others<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">d) Interim financial statements reporting<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">e) Managers finding better ways of reaching goals and objectives</span></div>
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<b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Consistency in Record Keeping</span></b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">There should be a consistency in business record keeping. It is required by law, for fair presentation of financial statements, and in accordance with generally accepted accounting principles (GAAP).<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">To start the new accounting cycle, last year’s financial records will be used as the opening balances, except for income and expenses amounts. Last year’s Income and Expense amounts which have been brought down to zero balances, and closed Income Summary to Retained Earnings will be applied. Closing last year’s books is a way of separating accounting business activities for each year. Balance Sheet accounts are considered as permanent accounts, so there will be no closing entries required during end of fiscal period, ending balances will be the opening balances for the new fiscal period.<o:p></o:p></span></div>
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<b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Reconciliation of Prior Year’s Amounts</span></b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"><o:p></o:p></span></div>
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<b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Reversing entries</span></b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"> for certain adjusting entries performed during end of prior period are reversed on the first day of the accounting period, except for depreciation, bad debts and other estimated amounts adjusting entries. Though reversing entries process is considered optional by most accountants, however reversing entries are applied for the sake of simplification of subsequent transactions, as if adjusting entries were not recorded in the prior year. This method is more like a bookkeeping mechanics than an accounting’s concepts, principles, and more on accrual than cash method basis of accounting.</span><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"> </span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Year-end book and bank reconciliation should be performed, making sure that all deposits in transit, outstanding cheques, and bank charges are accounted in prior year are matched and reflected in the financial statements. In addition, all prior period accounting errors and adjustments are accounted as well. Defending on each transaction, they are either added back/deducted in the beginning balance of the current fiscal period’s Statement of Retained Earnings, to correct/adjust balance presented in the current Balance Sheet of the company.<o:p></o:p></span></div>
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<b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Meeting Company’s Obligation to Governing Agencies and Others</span></b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Just like in our personal life, we have to make sure that we have the necessities to perform our daily activities. The same thing with business, it has to make sure that it pays its rent or lease (if it doesn’t owned its business place). Also, the company has to have licenses to operate the business, thus the company has to renew its business license and insurance, renew incorporation certificate, vehicle licence and insurance, pays its utilities, and other related due accounts.</span><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"> </span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Also, making sure that the company files its income tax related to the business, as an owner, partner, or shareholder, as a partnership (if needs to file) or corporation itself. Please refer for more detailed information in dealing with tax authority in my last article, part 6 of 7.</span></div>
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<span style="font-size: 9.5pt; line-height: 14px;"><span style="font-family: "calibri";"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&q=2010+vancouver+olympics+closing+ceremony&revid=529132236&sa=X&ei=E47ETq_hFpLaiQLiks3iBQ&ved=0CDkQ1QIoAA&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=a79edeb268628fca&biw=1697&bih=982">DowntownVancouver during Closing Day of 2010 Olympics</a> (click link)</span></span></div>
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<b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Interim Financial Statements Reporting</span></b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"><o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Besides the usual gathering of raw data, like monthly bank reconciliation, and recording of other business related transactions, management will always have to find ways of improving the performance of the company. Financial statements serve as indicators of company’s performance, an end product of the bookkeeping cycle, and applicable laws applied during the preparation. Sometimes management will use external auditors too, for additional credibility to financial statements presented.<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Management will likely use the most recent financial statements or have an interim financial statements generated each month or every quarter for decision-making purposes. Interim Financial Statements are more for internal use and for specified parties only, not all phases of accounting cycle are performed, thus adjusting entries, closing entries, and post closing entries trial balance are not included. </span></div>
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<b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Managers Finding Better Ways of Reaching Goals and Objectives</span></b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"> </span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Each business is different, thus it is important for managers to <b>make decision according to company’s goals and objectives</b>. Usually managers’ performance on their day-to-day operation of the business is reflected on financial statements presented. Financial statements are usually influenced by users’ requirements, preparer’s role and intentions, complexity of business, and the company’s needs of funds. Thus, managers should consider accounting policies that fit for the company’s situation. They should be able to find ways of solving issues through the ability of evaluating the situation and applied appropriate solution. </span><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"> </span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Managers should always <b>focus on objectives, facts and constraints for every situation</b>. They have to be able to interpret the financial statements properly, as to the preparer’s criteria used, materiality level placed on each transaction recorded, and to use it appropriately in the decision process. Also, there should be <b>consistency on criteria and policies applied</b> in order to established credibility on the financial statements. </span><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"> </span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Furthermore, managers should <b>find ways of designing a system how to deal in times of inflation and price changes</b>, which historical data and the accrual method might not be the best basis for decision making for financial statement users. It is important for managers to see the true picture of its financial statements, especially for non-cash items. They should be able to find alternatives and apply measurement that make sense and address the issue.<br /><br />Managers should monitor items in the balance sheets that are susceptible to fast deflation, like long-term assets such as fixed cost, investments in stocks, and derivatives (financial instruments). Also, keep an eye on your stocks and bonds for dilution and higher interest on long-term liabilities. Though owners enjoy the tax deductibility of interest on borrowed funds for investment, but for how long you can pay these higher interests. Market risk can definitely affect your business, especially when it becomes larger, thus extra monitoring is crucial.</span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Also, managers should be able to <b>monitor profits generated and the liquidity of the assets</b> acquired. They have to make sure that before directors can declare dividends to shareholder, or owners can withdraw funds, that funds are coming from company’s earnings and not from owners’ investments. This is to ensure the long-term existence of the company. Thus application of certain ratios are encouraged as to profitability, liquidity, activity and coverage ratios of the company’s financial statements amounts, especially ratio analysis such as return on investments, debt-to-equity ratio, and so on.<br /><br />In times you might expand your business and have subsidiaries. As a parent company, though over all you have healthy net income showing on your consolidated financial statements, but keep an eye on subsidiaries that are losing money and deal with them separate for improvement. Likewise, in some cases, your income statement might be showing a net loss because of a huge amount of depreciation or/and losses related to your fixed and related assists. Keep an eye on the difference between costs vs. expenses that affect your net income.</span><br />
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<span style="font-size: 9.5pt; line-height: 14px;"><span style="font-family: "calibri";"><a href="http://en.wikipedia.org/wiki/2010_Winter_Olympics">DowntownVancouver during Closing Day of 2010 Olympics</a> (click link)</span></span></div>
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<span style="font-size: small;">Running a business can be so exciting if you have the <b>know-how-to-survive-and-succeed</b> kit. A good manager can easily detect problems, prioritize their importance to the organization, always finds effective solution or best alternatives in solving the problems. They are always able to provide answers to questions such as: Is the company bringing enough funds to meet its obligation? Is the company making healthy profits? Are the shareholders satisfied with their returns on their investment? At what level does the company credit rating is? Is there any room for improvement and expansion?</span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Most <b>managers are problem solvers</b>, but there will be times when they get burn out and lost their motivation. Therefore, directors should be able to step in this situation, encouraged and inspired managers and all staff working under them to always think the best for the company. The company might be able to generate additional income through expansion of the business, produce and sell other related products, hiring more people for support. Always remember, <b>good people are assets to your company</b>. Try to help and support them when they need you. So, if the business is doing well, probably an increased in wages, or provision of added benefits, like bonus plan, stock options, or other incentives on productivity are not too much to ask. They are definitely a few of driven factors in the retention of staff, long-term existence and profitability of the company.</span><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"> </span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">I hope all the “7 <b>Basic Things You Need To Know During Start-up Year” </b>have been helpful to you, either you are just thinking to start your own business, or even for current businesses that just need some extra pointers.</span></div>
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<b><span style="color: black; font-family: "times new roman" , "serif";">Hope you like browsing the inserted pictures. They came from the 1000s of photos I collected. Also, make sure to "click" <u>all</u> the "caption/wordings" at the bottom of each picture (you'll be surprised where they are linked to!:) They are not related to the topic of this post (of course). I thought it would be nice to insert them, just to give you a break while reading this post. </span></b><span style="font-family: "times new roman" , "serif";">Until then.</span><br />
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Please feel free to leave comments/inquiries or you may contact me at:<o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">__________________________________________________________<o:p></o:p></span></div>
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<b><span style="font-family: "georgia" , serif;">Earla Riopel</span></b><span style="font-family: "georgia" , serif;">,<span style="font-size: 13px;"> </span></span><b style="font-size: 13px;"><i><span style="font-family: "georgia" , serif; font-size: 9pt;">BSCom(USA), DipAcc(UBC)</span></i></b><span style="font-family: "georgia" , serif; font-size: 9pt;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Website:<b> <u><a href="http://earlariopel.com/" style="color: #25224c; text-decoration: none;"><span style="color: #25224c;">http://earlariopel.com/</span></a></u> </b>Email: </span><b style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 18.3999996185303px;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><a href="mailto:earla@earlariopel.com" style="color: #25224c;"><span style="color: #25224c;">earla@earlariopel.com</span></a></span></b><span style="font-family: "georgia" , serif;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Main Sites: <b><u><a href="http://earlariopel.com/">Website</a></u> ; <u><a href="http://www.twitter.com/earlariopel" style="background-color: transparent; font-family: 'Times New Roman', serif;">Twitter</a></u> ; <u><a href="https://ca.linkedin.com/in/earla-riopel-bscom-dip-acc-ubc-1b812121" style="background-color: transparent; font-family: 'Times New Roman', serif;">LinkedIn</a></u> ; <u><a href="http://www.facebook.com/earlariopel" style="background-color: transparent;">Facebook</a></u>; <u><a href="http://earlariopel.blogspot.ca/" style="font-family: 'Times New Roman', serif; font-size: medium; line-height: normal;">Blog</a></u></b> </span></div>
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NYCARE (Earla Riopel and Albert Riopel)http://www.blogger.com/profile/05523398886629791287noreply@blogger.com0tag:blogger.com,1999:blog-6315110113031317729.post-75144894114304787662011-11-16T23:36:00.000-08:002015-12-15T22:10:58.495-08:00Filing your Business Income (Canadian) Tax Return After Fiscal Year<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://3.bp.blogspot.com/-L2jX7WDFHtk/TsS2JPKJXDI/AAAAAAAAAMI/J3-EaFZKhUo/s1600/Canada++2010+Olympic+closing+celebration.jpg10.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://3.bp.blogspot.com/-L2jX7WDFHtk/TsS2JPKJXDI/AAAAAAAAAMI/J3-EaFZKhUo/s320/Canada++2010+Olympic+closing+celebration.jpg10.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=vancouver+2010+winter+olympics+medal+tally&oq=vancouver+2010+winter+olympics+&aq=5S&aqi=g-S6&aql=&gs_sm=c&gs_upl=22215l25934l36l31533l16l4l0l0l0l3l1350l5134l7-4l4l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">Downtown Vancouver during 2010 Olympics </a>(click link)</td></tr>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Writing these mini-parts of <b>“7 Basic Things You Need To Know During Start-up Year” </b>has been exciting for me. I hope you find the last 5 parts helpful for your new business adventure, or even for those businesses that are already in existence and still finding ways of improvement.</span><span style="font-size: 12pt;"><span style="font-family: "calibri";"></span></span><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"><br />
<br />Again, here’s the complete list of <b>“7 Basic Things You Need To Know During Start-up Year”</b>:<br />
<br />(1) Types of Business Organizations<br />(2) Business Product to sell and manufacture and service to perform<br />(3) How to keep business records<br />(4) Planning to have employees or sub-contracting<br />(5) Year-end Requirements<br />(6) Dealing with the taxman (Canada Revenue Agency)<br />(7) Preparing for the next fiscal period<br />
<br />In the last issue I wrote about year-end requirements. At this time of the year, income and expenses for the tax year being reported should have been included and presented in the financial statements. Now it’s time for the company to get ready all information for Canada Revenue Agency (CRA), or other governing tax agencies (for other countries).<br />
<br />Each country has its own policies and procedures on their filing requirements. Most of these requirements are somewhat similar and applicable to all taxpayers worldwide, especially in Canada and the US. At this issue I will be referring more based on Canadian taxation system, as an example.<br />
<br />Preparing your business income tax filing requirements is mainly based on the type of business organizations you have. I wrote about types of business organizations during the first issue, and again here they are: (1) sole proprietorship, (2) partnership and (3) corporation. These 3 types are taxed according to their business formation.</span><br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-ySFYraAYgSo/TsS3CBlrKmI/AAAAAAAAAMQ/5irTbzrqAf0/s1600/Canada++2010+Olympic+closing+celebration.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://1.bp.blogspot.com/-ySFYraAYgSo/TsS3CBlrKmI/AAAAAAAAAMQ/5irTbzrqAf0/s320/Canada++2010+Olympic+closing+celebration.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=olympic+2010+results&oq=olympic+2010+re&aq=0S&aqi=g-S1&aql=&gs_sm=c&gs_upl=4160l27030l55l28626l21l14l1l1l1l2l1244l5828l7-5l12l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">2010 Vancouver Closing Day</a> (click link) </td></tr>
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<b>Sole Proprietorship</b><br />
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An owner of a sole proprietorship will be reporting his or her business activities through inclusion to their Individual T1 tax return. A sole proprietor will be using a calendar year end (December 31st) of reporting of income and expenses, using the accrual method. Accrual method of accounting is described as recording of income when earned and expenses when incurred during the 12-months business operation activities. However, a cash method is acceptable for commission people, thus income is reported upon received of amount and record expenses when they are paid.<br />
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The company’s Income Statement accounts will be reconciled for reporting of net income for tax purposes. Not all income and expenses stated in the company’s Income Statement can be all included as income and allowable deductions, thus reconciliation is required. A completed T2125, Statement of Business or Professional Activities form will be attached to the T1tax return. In addition, information related to net business or professional income will be added onto individual taxpayer’s T1 Total Income.<br />
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Also, contribution related to Canada Pension Plan (CPP) and Employment Insurance (EI) for Self-employment as part deduction and non-refundable credits are reported as well. A completed Schedule 8, Contributions on Self-Employment and Other Earnings, which include the contribution of CPP through employment (as per T4slips), and self-employment are combined, and contribution is required upon going over total income allowable for CPP threshold. As to Employment Insurance (EI) deduction, effective January 2010, self-employed have the choice of receiving employment insurance benefits through paying employment insurance premiums. Paid EI premiums are deductible by self-employed, a Schedule 13, Employment Insurance Premiums on Self-Employment and Other Eligible Earnings must be completed.<br />
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Filing deadline for self-employed or with self-employed spouse is June 15th of each year. However, all balance amount owing must be paid on April 30th, or else penalty charges will be charged for late payment.<br />
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<b>Partnership<br />
</b>Partnership taxable income is reported as a “flow through” self-employment income to each partner of the business. Depending on total numbers of partners (5 or less partners) in the business, partnership is not required to file a T5013 Partnership Information tax form; however for over 6 partners the company must file an information tax form.<br />
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Like sole proprietorship, partnership’s Income Statement accounts will be reconciled for reporting of net income for tax purposes. A completed T2125, Statement of Business or Professional Activities form will be attached to each partner T1tax return, with related information of partners’ share of the business or profession activities. Each partner’s share of net business or professional partnership income will be added onto individual taxpayer’s T1 Total Income.<br />
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In addition, a Schedule 8, Contributions on Self-Employment and Other Earnings and Schedule 13, Employment Insurance Premiums on Self-Employment and Other Eligible Earnings must be completed, just like required for sole proprietorship.<br />
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Filing deadline for reporting of partnership taxable income is the same as required for sole proprietorship, self-employed and taxpayer with self-employed spouse is on June 15th of each year. In addition, all balance amount owing must be paid on April 30th, or else penalty charges will be charged for late payment.<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-NwnaH81a_5U/TsS3443Xc6I/AAAAAAAAAMg/b2Htzre0fPk/s1600/Canada++2010+Olympic+closing+celebration.jpg6.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="320" src="http://4.bp.blogspot.com/-NwnaH81a_5U/TsS3443Xc6I/AAAAAAAAAMg/b2Htzre0fPk/s320/Canada++2010+Olympic+closing+celebration.jpg6.jpg" width="240" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=olympic+2010+song&oq=olympic+2010&aq=5S&aqi=g3g-m1g-S6&aql=&gs_sm=c&gs_upl=6346l8728l58l18240l10l3l0l0l0l2l1297l3794l7-3l3l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">2010 Vancouver Closing Day</a> (click link)</td></tr>
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<b>Corporation<br />
</b>Unlike sole proprietorship, and partnership, corporation’s taxable income is reported by the corporation itself, and reported by shareholders onto their T1 Individual Income tax return upon dividends received from corporation during the year. Thus, corporation taxable income is being taxed into two levels: corporation and shareholders, and double taxation happened.</div>
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Corporation has its own advantages and disadvantages as far as taxation. Besides having a limited liability obligation to shareholders, considered as a separate entity, and unlimited life of existence and easy transferability of ownership, a corporation has some advantages as far as payment of taxes as well.<br />
Depending on shareholders’ status, location, where they file their T1 Individual Income tax return, both the corporation and shareholders can enjoy: (1) Tax Reduction (2) Tax Deferral and (3) Income Splitting privileges.<br />
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Tax reduction is enjoyed by shareholders who have higher individual tax rate. Having a corporation, shareholders can enjoy the lower tax rate of a corporation. In addition, benefits to small businesses that are controlled by Canadian shareholders are given. Not only that this type of corporation enjoys the federal tax abatement deduction, but also enjoys the additional deduction for being a small business too. Also some regions are given additional assistance in the form of investment tax credit, and some activities like, manufacturing and processing profits are given support through additional deduction as well.<br />
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Tax deferral is a strategy applied by corporation in minimizing tax payments, and also related to the double taxation of the corporation’s income. The earnings are left in the corporation instead of paying shareholders right away. Depending on retained earnings that corporation would like to keep, and each shareholder’s individual income tax rate during that year, tax payment is being deferred on earnings in the corporation for lower corporate tax rate, and timing the declaration of dividends to shareholders.<br />
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Income Splitting is commonly used for corporations owned by family members as shareholders. Earnings are spread out and paid as dividends to family members who have lower individual income tax rates, available deductions (like RSSP) and non-refundable credits and other credits for individual taxpayers.<br />
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As to preparation of corporation’s T2 tax return, Income Statements will be reconciled for tax purposes, and some items will be added back and deducted upon reconciliation process. The T2 Corporation Income Tax return will be filed by the corporation after 6 months of the end of fiscal period. For example, if the fiscal year-end of the corporation is March 31st, therefore the filing deadline will be September 30th.<br />
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Lastly, the following procedures can be helpful in the preparation of your personal and business income tax returns.<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://3.bp.blogspot.com/-9hDpHWvbIP8/TsS5BSADq-I/AAAAAAAAAMo/TyShquMZbn8/s1600/Canada++2010+Olympic+closing+celebration.jpg11.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://3.bp.blogspot.com/-9hDpHWvbIP8/TsS5BSADq-I/AAAAAAAAAMo/TyShquMZbn8/s320/Canada++2010+Olympic+closing+celebration.jpg11.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=olympic+2010+winners&oq=olympic+2010&aq=8S&aqi=g3g-m1g-S6&aql=&gs_sm=c&gs_upl=2339l16957l63l24104l9l4l0l0l0l1l1187l4571l7-4l4l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">2010 Vancouver Closing Day</a> (click link)</td></tr>
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<b>8 Helpful Tips in Preparing your T1 or T2 Tax Return:</b></div>
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<b>(1) Hiring a Professional Tax preparer or Do it yourself tax preparation</b><br />
Defending on the complexity of your business, ask yourself if you need the service of a tax professional or you prefer to do it yourself.<br />
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<b>(2) Using the right T1 or T2 tax forms and schedules</b><br />
If you prefer to prepare your T1 or T2 tax return yourself, find the right income Tax Form or Tax Software approved by CRA for your type of business. You can visit <a href="http://www.cra-arc.gc.ca/"><span style="color: blue;">Canada Revenue Agency (CRA) </span></a>website for information, download and print, or request the forms by mail. In addition, just for T1 preparation, a few tips from this related blog: <a href="http://ertax.blogspot.com/"><span style="color: blue;">Tips in Preparing T1 Canadian Tax Return</span></a><br />
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It is easier to use tax software than a T1 or T2 paper tax return since it does the calculation and places the amounts to related appropriate boxes automatically. But if you prefer to use a T1 or T2 paper return, make sure to design a T1 or T2 tax form template (from scratch) using a spreadsheet (Excel) to work with your T1 or T2 paper form to eliminate calculation errors and avoid erasures for corrections.<br />
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With the use of a spreadsheet, make sure the T1 or T2 tax form are connected to all related schedules. This might take a little work for the first year of using this spreadsheet tax template, but it will become easier for the following tax years since you only need to edit little information, like changes in tax rates, deductions and credit amounts). Most of all, having an accompanied spreadsheet T1 or T2 tax form format is inexpensive, and guaranteed your calculations are almost error free (as long as items are perfectly placed themselves).<br />
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<b>(3) Read all items listed on T1 or T2 tax forms and schedules</b><br />
If using a paper tax return, before filling in the amounts, first read all the items on your CRA T1 tax form (for sole proprietorship and partnership) and CRA T2 tax form (for corporation), and all related schedules accordingly. This procedure is applicable if using tax software too. You can browse CRA T1 or T2 tax forms, or print a blank hard copy for easy reading.<br />
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<b>(4) Gather all required information for your T1 or T2 tax forms and schedules</b><br />
Once you know what items are listed in this CRA tax forms, gather all information like source documents (receipts, T-slips, and related statements) and financial statements (income statements and balance sheet) that are related to your business.<br />
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<b>(5) Start your T1 or T2 tax form by filling in information for the first page only</b><br />
You can start filling in the personal or business information on the first page of the T1 or T2 form boxes, but wait before filling in information for the next pages.<br />
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<b>(6) Complete all the required schedules before filling in the rest of T1 or T2 tax form</b><br />
Before you start filling in the rest of the pages of your T1 or T2 form particularly related to personal or/and business income, deductions, credits, and taxes payable parts, make sure you have completed all the schedules first required to complete your T1 or T2 form. It’s easier that way.<br />
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<b>(7) Check required items and related information before sending T1 or T2 tax return to CRA</b><br />
Before sending your T1 or T2 tax return to CRA, make sure to check all the items that are required to be sent along with your tax return. These items might be required attachments like, receipts, schedules, statements, and payments for the balance owing tax amount and other related items.<br />
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<b>8) Missing information after sending T1 or T2 tax form to CRA</b><br />
After sending your T1 or T2 tax return, and you suddenly remembered that you missed to include information that should have been included in your recently filed T1 or T2 tax return, don’t worry.<br />
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For T1, download a T1-ADJ, T1 Adjustment Request Form from CRA website or request it to be sent by mail, or you can send a signed letter to CRA with details of the taxation year that needs adjustment, with your Social Insurance Number (SIN), address, phone, and details of the changes, and attached required statements or schedules, as supporting documents. You do not have to prepare another T1tax return, just send the Adjustment form, or your signed letter and CRA will adjust it for you accordingly.<br />
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For T2, if you are the authorized representative for your corporation, you can access your business account online and make the changes, or you can phone or send a signed letter stating your corporation’s name, taxation year that needs adjustment, with your Business Number, address, phone number, details of the changes, and attached required statements or schedules as supporting documents. No need to send another T2 tax return, just the signed letter with details and send it to the CRA Tax Centre that serves you.<br />
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Note: The continuation of this topic, <b>“7 Basic Things You Need To Know During Start-up Year of Business?”</b> will be continued on the next post, “Part 7 of 7: Preparing Your Business for the Next Fiscal Period".<br />
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<b><span style="color: black; font-family: "times new roman" , "serif";">Hope you like browsing the inserted pictures. They came from the 1000s of photos I collected. Also, make sure to "click" <u>all</u> the "caption/wordings" at the bottom of each picture (you'll be surprised where they are linked to!:) They are not related to the topic of this post (of course). I thought it would be nice to insert them, just to give you a break while reading this post. </span></b><span style="font-family: "times new roman" , "serif";">Until then.<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Please feel free to leave comments/inquiries or you may contact me at:</span><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"><o:p> </o:p></span></div>
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<b><span style="font-family: "georgia" , serif;">Earla Riopel</span></b><span style="font-family: "georgia" , serif;">,<span style="font-size: 13px;"> </span></span><b style="font-size: 13px;"><i><span style="font-family: "georgia" , serif; font-size: 9pt;">BSCom(USA), DipAcc(UBC)</span></i></b><span style="font-family: "georgia" , serif; font-size: 9pt;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Website:<b> <u><a href="http://earlariopel.com/" style="color: #25224c; text-decoration: none;"><span style="color: #25224c;">http://earlariopel.com/</span></a></u> </b>Email: </span><b style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 18.3999996185303px;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><a href="mailto:earla@earlariopel.com" style="color: #25224c;"><span style="color: #25224c;">earla@earlariopel.com</span></a></span></b><span style="font-family: "georgia" , serif;"><o:p></o:p></span></div>
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NYCARE (Earla Riopel and Albert Riopel)http://www.blogger.com/profile/05523398886629791287noreply@blogger.com0tag:blogger.com,1999:blog-6315110113031317729.post-37428922230566460282011-11-16T23:17:00.000-08:002015-12-15T22:11:35.788-08:00Things to do at Year-end of Business<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-iBp_y9fi2iU/TsSx7mUt8XI/AAAAAAAAALo/jCixHDVC6v8/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+106.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://2.bp.blogspot.com/-iBp_y9fi2iU/TsSx7mUt8XI/AAAAAAAAALo/jCixHDVC6v8/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+106.JPG1.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=vancouver+2010+olympic+winter+games&oq=vancouver+2010+olympic+&aq=7S&aqi=g6g-S4&aql=&gs_sm=c&gs_upl=2305l9090l18l27138l8l7l0l0l0l2l1269l5021l7-4l6l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">At Live City, during 2010 Vancouver Olympics Opening Ceremony</a> (click link)</td></tr>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">I hope you have enjoyed reading the last 4 issues of the <b>“7 Basic Things You Need To Know During Start-up Year” </b>as much I enjoyed writing them. Again, here's the complete list:<br />
<br />(1) Types of Business Organizations<br />(2) Business Product to sell and manufacture and service to perform<br />(3) How to keep business records<br />(4) Planning to have employees or sub-contracting<br />(5) Year-end Requirements<br />(6) Dealing with the taxman (Canada Revenue Agency)<br />(7) Preparing for the next fiscal period<br />
<br />This time I will be writing about <b>“Year-end Requirements”.</b> I would say, for some it’s the most exciting part of the business. Why is that? This is when the company finds out if it makes profit (or loss) during the fiscal period reported.<br />
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<b>5 Things to Do at Year-end</b><br />
<br />a) Preparation of Year-end Financial Statements and Closing of Books<br />b) Management’s Reports<br />c) Reviewer or Auditor’s Report<br />d) Preparation of Annual Report<br />e) Annual General Meeting (AGM)<br />
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<b>Preparation of Year-end Financial Statements and Closing of Books</b><br />
<br />In Part one (1) I wrote about the 3 types of Business Organizations: (1) Sole Proprietorship, (2) Partnership and (3) Corporation. All 3 are required to keep business records (see Part 3), so at the end of the year the company can have a better picture regarding its business activities throughout the entire year in form of financial statements. These statements are used as tools for decision making, for further improvement, either it’s for expansion or seeking additional investments or financing. Usually financial statements include, Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flow or Statement of Changes in Financial Position (if required).<br />
<br />Preparation of year-end financial statements becomes easier if the company has done most of the regular bookkeeping/data entries throughout the fiscal period. So by the end of the year, all it needs is to do a few steps and that includes the preparation of the year-end financial statements. For some who have chosen not to use accounting software, and decided to prepare their financial statements from scratch (manual accounting system), there are a few steps before financial statements are prepared, called the Phases of Accounting Cycle. These phases can be group into two: (1) Prepared throughout the year and (2) Prepared during the end of year.<br />
<br />Throughout the year includes collection of raw data, and related business information transactions and events happened. This information is analyzed and recorded for journalizing. These journal entries (JE) are then posted to each general ledger (GL) accounts.<br />
<br />At the end of the year, unadjusted trial balance (TB) for each GL account is listed. Then adjusting entries are performed for accurate, unbiased, and reliable presentation of amounts in the financial statements. Adjusting entries are usually performed for few accounts like accrued income and expenses; depreciation of fixed/tangible or intangible assets, bad debts expense, supplies used, and prepaid expenses. For example, accounts which are affected by more than one fiscal period such as: interest expense for long-term liability, rent expense for lease paid for more than a year, tax expense incurred for the current year but not yet paid. Also, insurance expense paid for more than one year, wages accounted and still owing at the end of fiscal period. Lastly, overstatement or/and understatement of amounts are also done during adjusting entries before preparation of year-end financial statements are performed.<br />
<br />Once adjusting entries are recorded on the Journal and posted on the General Ledger, Financial Statements are prepared from the adjusted accounts. After the financial statements have been prepared, then closing entries can be done to close the books.<br />
<br />Closing of books is performed by transferring the income and expenses balances to Income Summary, which closed to Owner or Partners’ Investment (for sole proprietorship and partnership) or Retained Earnings (for corporation). After posting, only the Balance Sheet accounts will show up. There would be no income and expenses balances from Income Statement that will show. The income and expense accounts will have zero balances, and being ready for the next fiscal period. Only current Balance Sheet accounts will be carried forward for the next fiscal period.<br />
<br />Lastly, Post-Closing Trial Balance is performed. This is to check the debits and credits of the adjusting entries and closing entries, whether they are done properly, and reflected in the Balance Sheet amounts that will be carried forward for next fiscal period.</span><br />
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<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-cYeBdL0_RHA/TsSyv7nOg6I/AAAAAAAAALw/0BPzmMez6fA/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+096.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="320" src="http://4.bp.blogspot.com/-cYeBdL0_RHA/TsSyv7nOg6I/AAAAAAAAALw/0BPzmMez6fA/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+096.JPG1.jpg" width="240" /></a></td></tr>
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<span style="font-family: "calibri"; font-size: small;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=vancouver+2010+olympics+store&oq=vancouver+2010+olympics&aq=7S&aqi=g6g-S4&aql=&gs_sm=c&gs_upl=5203l7320l15l14283l6l3l0l0l0l1l1194l2352l7-2l2l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">At 2010 Vancouver Olympics Opening Ceremony</a> (click link)</span></div>
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<b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;">Management Report</span></b><span style="font-family: "times new roman" , "serif"; font-size: 12pt;"><br />
<br />Though management report is not usually required for a one-person managed company, but it is advisable for a company that has a manager, who is usually responsible for the day-to-day managing of the business operation. Besides the financial statements presented, it is another useful tool for related parties for their decision-making as to the best interest of the company.<br />
<br />This report is the representation of the manager (s) of the company, usually signed by the highest position related to the management of the business. For bigger companies, management report is usually signed by a Chief Operating Officer, Chairman or President, Chief Operating Officer, Vice President, Chief Financial Officer, or just your only staff, your business manager of your business.<br />
<br />Management Report is usually based from the financial condition of the company. If they are bigger companies, management staff usually applied the Management Discussion and Analysis (MDA) method. MDA is a more detailed discussion of accounting principles used in the preparation of the Balance Sheet and Income Statement accounts, and if parent company has subsidiaries, these accounting principles are being applied for consolidated financial statements of the subsidiaries as well.<br />
<br />It will likely include the liquidity of its resources, recent accounting standards applied in the preparation of the financial statements. Also, it might include information related to investments and the market risk of exposure involvement associated, and information related to Security Exchange Commission, like SEC new rules.<br />
<br />Basically, management report will include these items on their report:<br />- Management taking responsibility of the financial related information presented in the annual report.<br />- Management is responsible for the objectivity, reliability, integrity and consistency of information in the financial statements.<br />- Management is stating that the financial statement have been prepared in accordance of Generally Accepted Accounting Principles (GAAP) in Canada (or country being reported to, usually the parent company’s business is located).<br />- Management has exercised reasonable judgment and best estimate appropriate for the situation have been applied.<br />- Management responsibility on reliability of company accounting systems, related internal control to support procedures, and provide reasonable assurance of the financial statements.<br />- It will also include how the management safeguard the company assets, and staff accountability to the company as a whole.<br />- If applicable, it might include information regarding the role of the Audit Committee of the Board of Directors of the company, their responsibilities in the financial reporting, internal control systems and other related matters with the company’s internal auditor and external auditor.<br />- Basically, it is the management statement and representation of the company.<br />
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<b>Compilation (Notice to Reader), Review or Auditor’s Report (If required)</b><br />
<br />Your company might not need a professional accountant to audit, review or compile your financial statements. However, for some companies which are seeking loans and possible investments, most prospective creditors and investors preferred to have an audited, reviewed, or compiled financial statements.<br />
<br />Out of the 3 reports (Compilation or Notice to Reader, Review and Auditor’s report) the auditor’s report has the highest reasonable assurance, then review, and then Notice to Reader. These types of reports, especially auditor’s report, just give extra credibility to the company’s financial statements on top of good accounting systems used in the preparation of these financial statements.<br />
<br />Companies on stock markets are required to have audited financial statements (it can be consolidated with parent’s subsidiaries’ financial statements) by their investors, and governing agencies like the Securities Exchange Commission (SEC).<br />
<br />An auditor can give a company’s financial statements a reasonable assurance that the financial statements being presented are appropriately recorded based on specified criteria and truly reflect the transactions and events happened during the fiscal period.</span><br />
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<tr><td style="text-align: center;"><a href="http://3.bp.blogspot.com/-ckDpqrdlT_k/TsSzn5HZFLI/AAAAAAAAAL4/hbECplV6K9M/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+105.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://3.bp.blogspot.com/-ckDpqrdlT_k/TsSzn5HZFLI/AAAAAAAAAL4/hbECplV6K9M/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+105.JPG1.jpg" width="320" /></a></td></tr>
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<span style="font-family: "calibri"; font-size: small;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=vancouver+2010+pictures&oq=vancouver+2010&aq=8&aqi=g10&aql=&gs_sm=c&gs_upl=9035l24861l25l33087l23l11l3l3l5l2l1939l9326l8-5l5l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">2010 Vancouver Olympics</a> (click link)</span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;"> <b>Preparation of Annual Report</b><br />
<br />The annual report is the most anticipated report by all parties concerned. Why is that? It is the report that contains information (not just the set of financial statements) occurred during the fiscal year. It is sort of a special newsletter by the management to their shareholders or/and other concerned parties (creditors or prospective investors) related to the annual operation activities of the company. Annual report will likely include:</span><br />
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">- Opening letter addressed to Shareholders, or Members, or related parties<br />- Highlights of the financial and operating activities during the year.<br />- Management Discussion Analysis (MDA) of financial and operating activities of the company<br />- Management Report<br />- Auditor, Review or Compilation/Notice to Report (if required)<br />- List of Financial Statements (Income Statements, Balance Sheet, and Statement of Changes in Financial Position (or Statement of Cash Flows)<br />- Notes to Financial Statements will likely include items such as: type and description of the business, reorganization (not applicable on new start-up business), IPO information (if applicable), significant accounting estimates, new acquisitions, receivables and payables important information, financing, net capital requirement, stock options (if any), employees’ benefit plans (if any) , income taxes information, off-Balance Sheet items and credit risk, fair value of investments like financial instruments, and probably will include related party transactions (if any).<br />- It will likely include owners/shareholders/investors, board of directors, officers information as well<br />
<br />Please note that above listed items for compiling an Annual Report are not applicable to all companies, especially in a sole proprietorship and partnership types of business organization. Just pick the items that applied to your company accordingly.</span></div>
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<tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-Uv1uNPv-RRo/TsS0a2KTRSI/AAAAAAAAAMA/d3u6QlWB5W8/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+115.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://1.bp.blogspot.com/-Uv1uNPv-RRo/TsS0a2KTRSI/AAAAAAAAAMA/d3u6QlWB5W8/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+115.JPG1.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=olympic+2010+dates&oq=olympic+2010+&aq=7S&aqi=g2g-S8&aql=&gs_sm=c&gs_upl=38922l43759l60l49666l8l5l1l0l0l1l838l1543l6-2l4l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">At Live City, Vancouver (BC)</a> (click link)</td></tr>
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<b>Annual General Meeting (AGM)</b></div>
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AGM can have mixed feelings to all parties involved. But whatever result you are expecting, hopefully it is the best for yourself and most all for the entire company. Tension in an AGM is just normal, especially if it involves voting and re-electing of Board of Directors by shareholders, and appointing of officers by the Board of Directors. It’s not all that nerve racking though, since part of the AGM is the presentation of the company’s annual report. As mentioned previously, this report gives all related parties information on how the company’s performed during the fiscal period reported. Also during the AGM, some companies will pick this time of the year to do their giving of awards to those who went beyond their call of duties.</div>
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I always think AGM is a good way of starting fresh. People involved have another chance of proving themselves (if they didn’t fully accomplish everything in the last fiscal period). It is another chance to do their best for the company, and working with the best people, who have the same common goal, making healthy profits and at the same time serving the community.</div>
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Note: The continuation of this topic, <b>“7 Basic Things You Need To Know During Start-up Year of Business”</b> will be continued on the next post, <b>“Part 6 of 7: Filing your Income Tax Return After the Fiscal Year."</b> </div>
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<b><span style="color: black; font-family: "times new roman" , "serif";">Hope you like browsing the inserted pictures. They came from the 1000s of photos I collected. Also, make sure to "click" <u>all</u> the "caption/wordings" at the bottom of each picture (you'll be surprised where they are linked to!:) They are not related to the topic of this post (of course). I thought it would be nice to insert them, just to give you a break while reading this post. </span></b><span style="font-family: "times new roman" , "serif";">Until then.<o:p></o:p></span></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt; line-height: 115%;">Please feel free to leave a comment or you may contact me at:</span><br />
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<span style="font-family: "georgia" , serif;">__________________________________________________________<o:p></o:p></span></div>
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<b><span style="font-family: "georgia" , serif;">Earla Riopel</span></b><span style="font-family: "georgia" , serif;">,<span style="font-size: 13px;"> </span></span><b style="font-size: 13px;"><i><span style="font-family: "georgia" , serif; font-size: 9pt;">BSCom(USA), DipAcc(UBC)</span></i></b><span style="font-family: "georgia" , serif; font-size: 9pt;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Website:<b> <u><a href="http://earlariopel.com/" style="color: #25224c; text-decoration: none;"><span style="color: #25224c;">http://earlariopel.com/</span></a></u> </b>Email: </span><b style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 18.3999996185303px;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><span style="color: #25224c;"><a href="mailto:earla@earlariopel.com">earla@earlariopel.com</a></span></span></b><span style="font-family: "georgia" , serif;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Main Sites: <b><u><a href="http://earlariopel.com/">Website</a></u> ; <u><a href="http://www.twitter.com/earlariopel" style="background-color: transparent; font-family: 'Times New Roman', serif;">Twitter</a></u> ; <u><a href="https://ca.linkedin.com/in/earla-riopel-bscom-dip-acc-ubc-1b812121" style="background-color: transparent; font-family: 'Times New Roman', serif;">LinkedIn</a></u> ; <u><a href="http://www.facebook.com/earlariopel" style="background-color: transparent;">Facebook</a></u>; <u><a href="http://earlariopel.blogspot.ca/" style="font-family: 'Times New Roman', serif; font-size: medium; line-height: normal;">Blog</a></u></b> </span></div>
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NYCARE (Earla Riopel and Albert Riopel)http://www.blogger.com/profile/05523398886629791287noreply@blogger.com0tag:blogger.com,1999:blog-6315110113031317729.post-29781757548285408282011-11-16T22:48:00.000-08:002015-12-15T22:12:44.385-08:00Things to Know When Hiring Employees or/and Contractors<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-7GSTk8gZ-F4/TsSr2CGu33I/AAAAAAAAALI/CAG8hEgRJmc/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+047.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://2.bp.blogspot.com/-7GSTk8gZ-F4/TsSr2CGu33I/AAAAAAAAALI/CAG8hEgRJmc/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+047.JPG1.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=vancouver+2010+olympics+torch&hl=en&biw=1183&bih=522&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=Y6_ETr6nGuzRiAKDrZH2BQ&sqi=2&ved=0CDAQsAQ">At Vancouver 2010 Olympics Opening Ceremony </a>(click link) </td></tr>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">So far, it has been so much fun writing these <b>“7 Basic Things You Need To Know During Start-up Year”</b>. Again here they are, stated as follows:<br />
<br />(1) Types of Business Organizations<br />(2) Business Product to sell and manufacture and service to perform<br />(3) How to keep business records<br />(4) Planning to have employees or sub-contracting<br />(5) Year-end Requirements<br />(6) Dealing with the taxman (Canada Revenue Agency)<br />(7) Preparing for the next fiscal period<br />
<br />Now, I will be writing about the fourth item, “Planning to have Employees or Sub-contracting”.<br />
<br />If the hiring process is done properly, all parties involved will definitely benefit from the hiring.<br />
<br />Depending on the business type, size, product or service that the company provides, hiring an employee might not be applicable to all businesses. However for those that need to hire, the following are important suggestions on Hiring Employees or Contractors.</span><br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-lJ-GEza1Rn0/TsSsWEsBbhI/AAAAAAAAALQ/o-nDkLB7Zrc/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+061.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="320" src="http://1.bp.blogspot.com/-lJ-GEza1Rn0/TsSsWEsBbhI/AAAAAAAAALQ/o-nDkLB7Zrc/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+061.JPG1.jpg" width="240" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&q=vancouver+2010+olympics+mascots&revid=591682672&sa=X&ei=LIfETt2fC6SZiQL4vfX7BQ&ved=0CDoQ1QIoAQ&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">At Vancouver 2010 Olympics Ceremony</a> (click link)</td></tr>
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<b>4 Suggestions on Hiring Employees or/and Contractors:</b><br />
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a) Have a company’s policies and guidelines manual on hiring employees or/and contractors<br />
b) Do regular evaluation and continued monitoring on new hires<br />
c) Retention of good employees/contractors<br />
d) If the business does well, take time to show your appreciation<br />
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Have a Company’s Policies and Guidelines Manual on Hiring Employees or/and Contractors<br />
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Establishing a good company’s policies and guidelines on hiring an employee or contractor will likely include: (1) questionnaire (2) cost analysis schedule (3) payroll information and (4) company’s policies manual for new hire.<br />
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The questionnaire will likely include questions like these ones:<br />
- Does the company really need to hire?<br />
- Will the new hire be an asset to the company?<br />
- Does the company have policies and guidelines on hiring and terminating new people?<br />
- How long does the company want to keep the new hire?<br />
- Can the company offer the new hire additional incentives if they want to move up?<br />
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Furthermore, it is important to include a cost analysis schedule for each prospective employee. Cost analysis schedule will likely include other related cost during the hiring process and once hired. This schedule can show the employer the advantages and disadvantages of hiring a new employee or contractor.<br />
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This cost analysis will likely include payroll information of the employee and employer. Payroll Information will include employer’s amount of wages and taxable benefits that will be paying to the employee. Items that you normally see on a pay stub of an employee (this is more applied for at least a mid-size company) are: (1) Gross Earnings - includes: Regular Pay, Salary, Overtime, Commissions, Vacation (Paid out), and Taxable Benefits; (2) Payroll Deductions – includes: Income Tax, CCP contribution, Employment Insurance, Union dues, Medical Plan, and Registered Pension Plan Contribution.<br />
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Depending on the numbers of people in your company, payroll accounting can be time consuming, thus some companies use other payroll service company and have their payroll done for them. But if you are planning to do your own payroll accounting, having the required information makes payroll work a lot easier. First, contact the governing agency that has the most current information about doing payroll. Like in Canada, you can contact Canada Revenue Agency (CRA) for Employer’s Tables and Guides for Source Deductions (Income Tax, CPP, and EI).<br />
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There is no guarantee that both employer and employee or contractor will have a 100% success as the result of the hiring. However, by having these policies and procedures, the company will have more chances that it will turn out well, especially if both parties have done their end of the bargain, agreed during the hiring process. Though it is not mandatory, but it is advisable for both parties: employer and employee to have a written employer-employee contract. I think it is a good start of having a long lasting successful employer-employee relationship.<br />
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Once an employee is hired, a company should implement a “buddy system” with the new hire during the probation period (at least 3 months) since every workplace is different on how they do things. A manual on company’s policies and guidelines for a new hire is another way of getting to know the company and what are expected from the new hire.<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-JexmQWCCSU4/TsStCsYKtkI/AAAAAAAAALY/ug8QWn67uVA/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+080.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="320" src="http://1.bp.blogspot.com/-JexmQWCCSU4/TsStCsYKtkI/AAAAAAAAALY/ug8QWn67uVA/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+080.JPG1.jpg" width="240" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=vancouver+2010+olympics&oq=vancouver+2010+olympic&aq=0&aqi=g8&aql=&gs_sm=c&gs_upl=2346l17096l21l20637l13l10l3l2l2l2l861l3253l6-4l4l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">Vancouver 2010 Olympics Opening Ceremony</a> (click link)</td></tr>
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<b>Do Regular Evaluation on New Hires</b><br />
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Besides on having a cost analysis schedule per employee during the hiring process, it is also good to have a regular evaluation and continued monitoring system as part of the company’s internal control. Employees are considered as added assets to your company, thus doing a regular evaluation on their performance will only benefit your company.<br />
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Likewise, this is also the employees chance to communicate with the company as well. Regular evaluation is the best time to communicate, especially if the new hire is not meeting the expectation yet. You can suggest on improvements and best way of doing things with the company as a whole. Employer-employee relationship is sort of like a team. If the company does its share and so as the employee, both will be successful. The company can enjoy good profit, and at the same time the employees can keep their jobs.<br />
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<b>Retention of Good Employees or Contractors</b><br />
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Each time a company hired a good employee, it is considered as an added asset to the company. Can you imagine of not having any help, and the type of your business, you need to have at least a full-time sales person, service personnel, receptionist/ administrative/ data entry personnel or a bookkeeper? As a sole owner you might be able to do all of them, but your success of doings things and expanding your business will either be limited, slow or not be so well. Thus in this case, hiring an employee or a contractor is more like an advantage to the employer. So once you find good employees, try your best to keep them.<br />
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<b>If the Business Does Well, Take Time to Show Your Appreciation</b><br />
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When the business is doing well, probably it is because you have a good demand of products or services that your company provides. Of course, part of this success comes from the result of your good employees’ (if you have any) hard work. Most employees are always thinking for the best interest of the company, since they want to be employed at all times, especially with a good employer like you. As an employer you might be busy at all times, but take time to show appreciation for the hard work that your employees do. Besides of their regular wages, if it is not too much for the company, you can either give your employees an additional benefit. It can either be a small monetary bonus on Christmas, or even a small amount of gift certificate, or even an occasional company picnic party. These small little things make your employees feel like their hard work are appreciated by the company. It is the thought that counts.<br />
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However, when the company is having tough times, good employees are hard to let go. Have an open communication with your employees before letting them go. Give them some options, for instance like lowering their wages or work part-time instead of full-time, just until the business starts picking up. Some employees will rather take a $10 an hour job, less $5 of their regular hourly rate than being unemployed! They know it is just temporary, and likely it will get better, especially if they work harder, and hoping that soon the company will pick up.<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-CLV4vB9lSg8/TsSt4qHKZsI/AAAAAAAAALg/O4kEuHg0rJk/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+089.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://1.bp.blogspot.com/-CLV4vB9lSg8/TsSt4qHKZsI/AAAAAAAAALg/O4kEuHg0rJk/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+089.JPG1.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=vancouver+2010+winter+olympics+coins&oq=vancouver+2010+winter+olympics++&aq=0S&aqi=g-S6&aql=&gs_sm=c&gs_upl=17565l45494l4l47896l8l4l0l1l1l2l1252l3659l7-3l3l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">During Vancouver 2010 Olympics Ceremony</a> (click link)</td></tr>
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Note: The continuation of this topic, <b>“7 Basic Things You Need To Know During Start-up Year of Business ” </b>will be continued on next post, <b>“Part 5 of 7: Things to do at Year-end of Business”</b>. <o:p></o:p><br />
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</style> <b><span style="color: black; font-family: "times new roman" , "serif";">Hope you like browsing the inserted pictures. They came from the 1000s of photos I collected. Also, make sure to "click" <u>all</u> the "caption/wordings" at the bottom of each picture (you'll be surprised where they are linked to!:) They are not related to the topic of this post (of course). I thought it would be nice to insert them, just to give you a break while reading this post. </span></b><span style="font-family: "times new roman" , "serif";">Until then.</span><br />
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<b><span style="font-family: "georgia" , serif;">Earla Riopel</span></b><span style="font-family: "georgia" , serif;">,<span style="font-size: 13px;"> </span></span><b style="font-size: 13px;"><i><span style="font-family: "georgia" , serif; font-size: 9pt;">BSCom(USA), DipAcc(UBC)</span></i></b><span style="font-family: "georgia" , serif; font-size: 9pt;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Website:<b> <u><a href="http://earlariopel.com/" style="color: #25224c; text-decoration: none;"><span style="color: #25224c;">http://earlariopel.com/</span></a></u> </b>Email: </span><b style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 18.3999996185303px;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><a href="mailto:earla@earlariopel.com" style="color: #25224c;"><span style="color: #25224c;">earla@earlariopel.com</span></a></span></b><span style="font-family: "georgia" , serif;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Main Sites: <b><u><a href="http://earlariopel.com/">Website</a></u> ; <u><a href="http://www.twitter.com/earlariopel" style="background-color: transparent; font-family: 'Times New Roman', serif;">Twitter</a></u> ; <u><a href="https://ca.linkedin.com/in/earla-riopel-bscom-dip-acc-ubc-1b812121" style="background-color: transparent; font-family: 'Times New Roman', serif;">LinkedIn</a></u> ; <u><a href="http://www.facebook.com/earlariopel" style="background-color: transparent;">Facebook</a></u>; <u><a href="http://earlariopel.blogspot.ca/" style="font-family: 'Times New Roman', serif; font-size: medium; line-height: normal;">Blog</a></u></b> </span></div>
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NYCARE (Earla Riopel and Albert Riopel)http://www.blogger.com/profile/05523398886629791287noreply@blogger.com0tag:blogger.com,1999:blog-6315110113031317729.post-39395482544837590102011-11-16T22:30:00.000-08:002015-12-15T22:12:55.462-08:00How to Keep Business Records<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-vgMbU94zl5M/TsSmzJLB-pI/AAAAAAAAAKY/1Ys_qUyiD7g/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+034.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://2.bp.blogspot.com/-vgMbU94zl5M/TsSmzJLB-pI/AAAAAAAAAKY/1Ys_qUyiD7g/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+034.JPG1.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=vancouver+2010+ps3&oq=vancouver+2010+&aq=8&aqi=g10&aql=&gs_sm=c&gs_upl=55711l74243l40l84405l19l11l2l0l0l6l1383l12017l7-9l9l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">Vancouver 2010 Olympics</a> (click link)</td></tr>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt;">(1) Types of Business Organizations<br />(2) Business Product to sell and manufacture and service to perform<br />(3) How to keep business records<br />(4) Planning to have employees or sub-contracting<br />(5) Year-end Requirements<br />(6) Dealing with the taxman (Canada Revenue Agency)<br />(7) Preparing for the next fiscal period<br />
<br />This time I will be writing about the third item, <b>“How to Keep Business Records”</b>. This area of business can be time-consuming and costly, if you don’t have a proper planned and implemented system right from the start of your business. Good business records keeping will definitely help your company financially, save valuable time. and extra work that you shouldn’t have in the first place. The following are recommendations for Good Business Records Keeping.<br />
<br />
<b>5 Recommendations for Good Business Records Keeping:</b><br />
<br />a) Make a good list of your accounts.<br />b) Implement a good accounting system fit for your business<br />c) Aim for accurate recordkeeping and keep records in order<br />d) Hire a good accountant if you need one<br />e) Regular financial statement review or audit if it benefits your business</span><br />
<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-9oaAoqp28V0/TsSnWvq9m_I/AAAAAAAAAKg/NESx4IIUFbQ/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+035.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://2.bp.blogspot.com/-9oaAoqp28V0/TsSnWvq9m_I/AAAAAAAAAKg/NESx4IIUFbQ/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+035.JPG1.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#q=vancouver+2010+olympics+wallpaper&hl=en&sa=X&tbm=isch&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=148f229c7302a94e&biw=1816&bih=982">Vancouver 2010 Olympics</a> (click link)</td></tr>
</tbody></table>
<b>Making a Good List of Your Accounts</b><br />
<br />
Before or right from the start of your business, you have to make a list of accounts that likely your business will have. These items may include accounts that will show up on your Income Statement, Retained Earnings, Statement of Cash Flow and Balance Sheet statement. These accounts will be used for your books and for your tax purposes as well (I will write more about taxes in a later time).<br />
<br />
<b>Implement a Good Accounting System Fit for Your Business</b><br />
<br />
Depending on your business complexity, size, type, and reporting requirements are, your accounting system should be designed according to these important factors. For a small or mid-size companies, you can get away of using an off-the-shelf accounting software or even a spreadsheet will do the job for smaller numbers of transactions. The following software are mostly used by bookkeeping people.<br />
<br />
A spreadsheet, like Excel is an easy and inexpensive to use, and recommended for a company that only have at least a maximum of a thousand or less transactions in a fiscal period. Why is that? With a spreadsheet you actually have to design an accounting system from scratch with the help of your spreadsheet program. You can start with the list of Chart of Accounts, and once you sorted your Source Documents, then you do Journal Entries. You can continue it with the General Ledger, Trial Balance, Adjustment Entries, Income Statement, Retained Earnings, Balance Sheet, and Statement of Cash Flow (if needed).<br />
<br />
It’s not recommended, but depending on your time and available resources, fewer transactions like a hundred or less, can wait until the end of the fiscal period to do your books. You can keep your business records with this method as long as all source documents like receipts, cheque stubs, invoices, and other related business transaction information are accounted and properly filed. Why is that? This is to save you time, instead of spending your time on doing bookkeeping, you can concentrate on your business, and bringing in more income to your company.<br />
<br />
For over a thousand transactions, I would recommend using an accounting software like Simply Accounting, QuickBooks, or other accounting software. These software are easy to use, just pick a template of Chart of Accounts that fit for the type of business you have. As an end-user, all it requires are a good knowledge of sorting of documents and appropriate account to use as per transaction happened. With these types of accounting software, they do the categorizing, grouping of accounts, calculation, and even providing an up to date financial statements’ reports whenever you need it.<br />
<br />
For a more complex accounting system, due to the huge size, type and volume of transactions, and reporting requirement, most businesses will spend a little more or even hire a computer professional to design a special accounting system that is suited for the complexity of the business.<br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://3.bp.blogspot.com/-uosWlqFw-Iw/TsSosLxlWQI/AAAAAAAAAK4/WVXVnVfDIGw/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+044.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://3.bp.blogspot.com/-uosWlqFw-Iw/TsSosLxlWQI/AAAAAAAAAK4/WVXVnVfDIGw/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+044.JPG1.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&q=vancouver+2010+olympics+wallpaper+hockey&revid=1324995675&sa=X&ei=sobETuXeIqXniAKM5qHcBQ&ved=0CDkQ1QIoAA&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=148f229c7302a94e&biw=1814&bih=982">Vancouver 2010 Olympics </a>(click link)</td></tr>
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<div class="separator" style="clear: both; text-align: center;">
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<b>Aim for Accurate Record-keeping and Keep Records in Order</b><br />
<br />
Believe me, an accurate recordkeeping will not only save you time, but save you money. Adjustments of miscategorised transaction is not as much as a concern to all parties involved, but missing source documents and transaction can be a problem and might cost the business money or benefits. Thus, it is so important to appoint a knowledgeable personnel right from the start, from data-entry to presentation of financial statement reports duties.<br />
<br />
<b>Hire a Good Accountant if You Need One</b><br />
<br />
Depending on the size of your business and income that your company generates, not all businesses can afford a full-time accountant, who can give you more assurance with your business bookkeeping and better manager of your records. If you already have a good bookkeeper, a one-time annual visit or use of an accountant service won’t be too much for the business to spend. Accountants are “business accounting professionals” who are trained especially in the financial area of business.<br />
<br />
To become a professional accountant, either in Canada, US or other part of the world, the profession requires at least 4 years of university courses, and in addition, a 1 to 2.5 years of work experience for US Certified Public Accountants (CPA)and Canadian Chartered Accountants (CA). In addition, 3 years or more work experience for Canadian Certified General Accountants (CGA) and Certified Management Accountants (CMA), especially if the candidate is working full-time and while working on their undergraduate degree and CGA or CMA level courses at the same time. Accountants are trained in the area of accounting, auditing, taxation, business law, finance and other related aspects of the business. A CPA, CA, CGA, or CGA member license is only granted to a candidate after passing a rigorous Uniform Final examination, meeting the educational, work experience, and ethics examination requirements.<br />
<br />
Hiring a good accountant, even once a year to go over your books, not only it will give you peace of mind, but probably even save you money for business tax payments that you shouldn’t be paying in the first place. A good accountant is trained to advise, and recommend especially on year-end adjusting entries. An accountant can give you advices on proper accounting of income which are taxable, or deduction which are deductible. In addition, an accountant can help you with other business transactions like preparing your income tax returns, either in individual or/and corporate level. An accountant is trained to spot a non-taxable or deferrable income, or non-inclusion of allowable expense deduction or deferral for lower tax payments during taxation year being reported, thus it just benefits your business. Also, an accountant can help you with your auditing requirement as well.<br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-IYjrgtKYkuk/TsSo3Uo8kLI/AAAAAAAAALA/AhCb-DKkUlE/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+041.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://1.bp.blogspot.com/-IYjrgtKYkuk/TsSo3Uo8kLI/AAAAAAAAALA/AhCb-DKkUlE/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+041.JPG1.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&q=vancouver+2010+olympics+rings&revid=1836821851&sa=X&ei=G4fETpuTL8ipiAL337jMBQ&ved=0CDoQ1QIoAQ&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=148f229c7302a94e&biw=1814&bih=982">Vancouver 2010 Olympics</a> (click link)</td></tr>
</tbody></table>
<b>Regular Financial Statement Review or Audit if it Benefits your Business</b><br />
<br />
Most big companies are required an annual financial statements review or audit depending on related parties’ requirement, especially companies that are on stock exchange, shares for public offerings. Regular reviews and audits are recommended and actually required by shareholders, investors, and members. In addition, at most of times, it is required by creditors in case of seeking loans or funding. A review, especially an audit can give your company’s financial statements extra credibility, on top of having a good accounting system internal control.<br />
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Note: The continuation of this topic, <b>“7 Basic Things You Need To Know During Start-up Year of Business" </b>will be continued on the next post, <b>“Part 4 of 7: Things to Know When Hiring Employees or/and Contractors"</b>. Until then.<span style="font-family: "times new roman" , "serif"; font-size: 12pt;"></span><br />
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<b><span style="color: black; font-family: "times new roman" , "serif";">Hope you like browsing the inserted pictures. They came from the 1000s of photos I collected. Also, make sure to "click" <u>all</u> the "caption/wordings" at the bottom of each picture (you'll be surprised where they are linked to!:) They are not related to the topic of this post (of course). I thought it would be nice to insert them, just to give you a break while reading this post. </span></b><span style="font-family: "times new roman" , "serif";">Until then.<o:p></o:p></span><br />
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<b><span style="font-family: "georgia" , serif;">Earla Riopel</span></b><span style="font-family: "georgia" , serif;">,<span style="font-size: 13px;"> </span></span><b style="font-size: 13px;"><i><span style="font-family: "georgia" , serif; font-size: 9pt;">BSCom(USA), DipAcc(UBC)</span></i></b><span style="font-family: "georgia" , serif; font-size: 9pt;"><o:p></o:p></span></div>
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NYCARE (Earla Riopel and Albert Riopel)http://www.blogger.com/profile/05523398886629791287noreply@blogger.com0tag:blogger.com,1999:blog-6315110113031317729.post-60425648231432737782011-11-16T22:10:00.000-08:002015-12-15T22:13:13.388-08:00How to Choose Business Products or/and Services<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-1f0wpopJd98/TsSiG0HOkeI/AAAAAAAAAJ4/UX7AA09piew/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+011.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://2.bp.blogspot.com/-1f0wpopJd98/TsSiG0HOkeI/AAAAAAAAAJ4/UX7AA09piew/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+011.JPG1.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&q=vancouver+2010+winter+olympics&revid=1719274546&sa=X&ei=q4fETrPvDIHViALQr9zYBQ&ved=0CDoQ1QIoAQ&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">Vancouver 2010 Olympics</a> (click link)</td></tr>
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<span style="font-family: "times new roman" , "serif"; font-size: 12pt; line-height: 115%;">In the previous issue I mentioned that anyone can start their own business at any time. It's true. A business transaction requires consideration between parties. These parties can be a seller-vendor, or professional service provider service user’s relationship. The seller or service provider has the intention of making profits as the result of the transaction, either in trade, profession, service, venture, and manufacturing activities.<br />
<br />Also, I mentioned that starting your own business can be so easy if you have done your little research of what’s involved right from the first day until the end of your annual business period (fiscal period). I listed 7 Basic Things You Need To Know During Start-up Year.<br />
<br />In the first issue, I wrote the first item listed for the 7 Basic Things You Need To Know During Start-up Year (please see Part 1 of 7), the “Types of Business Organizations”. This time I will be writing about item two (2), “Business Product to Sell and Manufacture and Service to Perform”. Again, the following is a complete list of <b>7 Basic Things You Need To Know During Start-up Year:</b><br />(1) Types of Business Organizations<br />(2) Business Product to sell, manufacture and service to perform<br />(3) How to keep business records<br />(4) Planning to have employees or sub-contracting<br />(5) Year-end Requirements<br />(6) Dealing with the taxman (Canada Revenue Agency)<br />(7) Preparing for the next fiscal period</span><span style="font-family: "times new roman" , "serif"; font-size: 12pt; line-height: 115%;"></span><br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-GwGZQVWLQoU/TsSi9o291OI/AAAAAAAAAKA/xLsE83rhKSc/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+003.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="320" src="http://2.bp.blogspot.com/-GwGZQVWLQoU/TsSi9o291OI/AAAAAAAAAKA/xLsE83rhKSc/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+003.JPG1.jpg" width="240" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=vancouver+2010+winter+&oq=vancouver+2010+winter+&aq=f&aqi=g1g-S7&aql=&gs_sm=e&gs_upl=42218l47101l38l48221l20l7l0l0l0l6l943l5873l6-7l7l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">Vancouver 2010 Olympics </a>(click link) </td></tr>
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<b>Business Product To Sell, Manufacture and Service to Perform</b><br />
<br />
Business Products are items or services that you make your profit from. Over the years I noticed that most businesses that do will have the following on their “business ingredients to success” list.<br />
<br />
<b>5 Business Ingredients To Success:</b><br />
<br />
a) Demand of the product or service<br />
b) The price is right<br />
c) The geographic location<br />
d) Reputation of product or service quality<br />
e) The prospect of continuity of the product or service<br />
<br />
<b>Demand of the product or service</b><br />
<br />
Even before a business do the legalities, formation and organizing of the business, they already have a good idea of what type of product to sell or service to perform. The product or services that are in demand will likely give you more business. So if you’re just trying to find a product to sell or service to perform, with the intention of making profit, try to pick something that is a necessity and beneficial to buyers, and likely you have a good chance of making good profits.<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-QNEJOdKdYQA/TsSkUCe2gwI/AAAAAAAAAKI/rRvYQM4wQqE/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+024.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://2.bp.blogspot.com/-QNEJOdKdYQA/TsSkUCe2gwI/AAAAAAAAAKI/rRvYQM4wQqE/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+024.JPG1.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=vancouver+2010+olympics+logo&oq=vancouver+2010&aq=4&aqi=g10&aql=&gs_sm=c&gs_upl=2875l9158l45l15299l6l3l0l0l0l1l1146l3330l7-3l3l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">Vancouver 2010 Olympics</a> (click link)</td></tr>
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<b>The price is right</b><br />
<br />
The price of your product or service has to be reasonable for any prospective consumers to buy. As a business person, it is really up to you on how much profit you want to make. You have to remember to take all related expenses into consideration before price tagging your product or pay rate for your service. You have to ask yourself, am going to make a profit or maybe even to break-even with the amount I am charging? It is highly recommended to do a cost allocation analysis schedule, just to give you a good picture, that once all the related expenses are accounted you are still on a positive, making profit! If you are not sure what is the going price or rate for the product or service that you provide, do a little survey with some businesses that have similar product or service like you.<br />
<br />
<b>The geographic location</b><br />
<br />
Your business location is so important to draw traffic to your business. Do your prospective consumers have easy access to your business? Are you planning to either buy or rent or lease a business place or have a home-based business instead? As a seller, are you going to be in a retail or a wholesale, or MLM type of business? Have you thought of a marketing strategy, on how to promote your product and provide your service? Advertising can be word-of-mouth, local newspapers, radio, television, billboards, magazines and even the Internet.<br />
<br />
With all these networking sites like Twitter, Facebook and LinkedIn, reaching prospective consumers is becoming easier and less expensive. I highly recommend for any business to have a mailing list of prospective consumers of the product or service that you provide. A little research of your prospective consumers will give you more chances of getting more business that way. To make a customers’ mailing list, get your prospective consumers information like: e-mails, phone numbers, and website addresses, they are good to have for marketing and actually buying your product or using your service.<br />
<br />
Online businesses have been becoming a popular way of doing business these days. This type of business will only work if it doesn’t involved expensive shipping/freight costs for the product being sold. Even if the expensive shipping/freight costs are allocated to the buyer, you have to ask yourself, is the price of the product still reasonable for the consumers to buy? Most buyers would rather go to a retailer or wholesaler nearby and just pick up even a similar or generic product than pay shipping costs and in addition, wait for the product to get delivered<span style="font-size: 12pt; line-height: 115%;"><span style="font-family: "calibri";"></span></span><br />
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-LO_n5xtyFPg/TsSkzuYjUeI/AAAAAAAAAKQ/NgOg_BBIjGA/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+028.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="320" src="http://2.bp.blogspot.com/-LO_n5xtyFPg/TsSkzuYjUeI/AAAAAAAAAKQ/NgOg_BBIjGA/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+028.JPG1.jpg" width="240" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=vancouver+2010+logo&oq=vancouver+2010+l&aq=0&aqi=g2g-S5g-mS1&aql=&gs_sm=c&gs_upl=32563l64828l42l73003l6l4l0l0l0l1l840l3152l6-4l4l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982">Vancouver 2010 Olympics</a> (click link)</td></tr>
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<b><span style="font-size: 12pt; line-height: 115%;"><span style="font-family: "calibri";"></span></span></b><b><span style="font-family: "times new roman" , "serif"; font-size: 12pt; line-height: 115%;">Reputation of product or service quality</span></b><span style="font-family: "times new roman" , "serif"; font-size: 12pt; line-height: 115%;"><br />
<br />Reputation is everything for a business to survive these days. If your product is good, or you give good service for the amount you charge, your consumers will keep coming back and do business with you. In addition, if they like your product or service, your ongoing consumers will keep coming back and buy or use your service. Now, we know that not all we sold, or services we performed are 100% free from defects or fault proof, thus providing good service attitude towards past, current and consumers are so important. You know that your product is good, but even a good product is only good to market and actually buy if the seller has a good attitude towards their consumers, especially when a minor problem occurred. Good service quality and making your customers happy are two keys, and likely a good assurance that your consumers will give their continuing support toward your business.<br />
<br />
<b>The possible of continuity of the product or service</b><br />
<br />A lot of consumers these days will make their decision of buying a product or using a service based on the possible continuity of the product or service. Consumers will likely have a second thought of buying products that they might get used to for a while, and suddenly discontinued with no similar or generic product that can be found elsewhere as replacement.<br />__________________________________________________________<br />
<br />Note: The continuation of this topic, “7 Basic Things You Need To Know During Start-up of Business” will be continued on next post, “Part 3 of 7: How to Keep Business Records”. Until then.<o:p></o:p></span><br />
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</style> <b><span style="color: black; font-family: "times new roman" , "serif";">Hope you like browsing the inserted pictures. They came from the 1000s of photos I collected. Also, make sure to "click" <u>all</u> the "caption/wordings" at the bottom of each picture (you'll be surprised where they are linked to!:) They are not related to the topic of this post (of course). I thought it would be nice to insert them, just to give you a break while reading this post. </span></b><span style="font-family: "times new roman" , "serif";">Until then.</span></div>
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<span style="font-family: "georgia" , serif;">__________________________________________________________<o:p></o:p></span></div>
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<b><span style="font-family: "georgia" , serif;">Earla Riopel</span></b><span style="font-family: "georgia" , serif;">,<span style="font-size: 13px;"> </span></span><b style="font-size: 13px;"><i><span style="font-family: "georgia" , serif; font-size: 9pt;">BSCom(USA), DipAcc(UBC)</span></i></b><span style="font-family: "georgia" , serif; font-size: 9pt;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Website:<b> <u><a href="http://earlariopel.com/" style="color: #25224c; text-decoration: none;"><span style="color: #25224c;">http://earlariopel.com/</span></a></u> </b>Email: </span><b style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 18.3999996185303px;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><a href="mailto:earla@earlariopel.com" style="color: #25224c;"><span style="color: #25224c;">earla@earlariopel.com</span></a></span></b><span style="font-family: "georgia" , serif;"><o:p></o:p></span></div>
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NYCARE (Earla Riopel and Albert Riopel)http://www.blogger.com/profile/05523398886629791287noreply@blogger.com0tag:blogger.com,1999:blog-6315110113031317729.post-78467098940272562732011-11-16T21:30:00.000-08:002015-12-15T22:13:29.977-08:00Types of Business Organizations<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://4.bp.blogspot.com/-vTO4vYaoPw0/TsSYFXEL6bI/AAAAAAAAAJY/wgSFH4OvbCM/s1600/2010+Vancouver+Olympics+Day106_12Feb2010+028.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="240" src="http://4.bp.blogspot.com/-vTO4vYaoPw0/TsSYFXEL6bI/AAAAAAAAAJY/wgSFH4OvbCM/s320/2010+Vancouver+Olympics+Day106_12Feb2010+028.JPG1.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=vancouver+2010+winter+olympics+opening+ceremony&oq=vancouver+2010+winter+olympics+&aq=3S&aqi=g-S6&aql=&gs_sm=c&gs_upl=5097l28940l28l31230l14l6l0l1l1l3l1244l6040l7-5l5l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982"><span style="font-family: "georgia" , "times new roman" , serif; font-size: small;">Vancouver Olympics 2010 Torch Parade</span></a> (click link)</td></tr>
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<span style="font-family: "georgia" , "times new roman" , serif;">Anyone can start their own business at any time. Business is described as transaction(s) of a sole owner, or between parties, such as seller-vendor or professional service provider service user’s relationship. In addition, sole owner or these business parties have the intention of making of profits as the result of transaction(s) in trade, profession, service, venture, and manufacturing activities.<br />
<br />Starting your own business can be so easy if you have done your little research of what’s involved right from the first day until the end of your annual business period (fiscal period), especially when the taxman (Canada Revenue Agency, or IRS, or other governing tax agencies) wants you to report on how much you made during the taxation period.</span><br />
<span style="font-family: "georgia" , "times new roman" , serif;"><br />
</span><br />
<span style="font-family: "georgia" , "times new roman" , serif;"> <b>Basic Things You Need To Know During Start-up Year:</b><br />
<br />(1) Types of Business Organizations<br />(2) Business Product to sell and manufacture and service to perform<br />(3) How to keep business records<br />(4) Planning to have employees or sub-contracting<br />(5) Year-end Requirements<br />(6) Dealing with the taxman (Canada Revenue Agency)<br />(7) Preparing for the next fiscal period</span><br />
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<tr><td style="text-align: center;"><a href="http://www.blogger.com/goog_2069345117" imageanchor="1" style="margin-left: auto; margin-right: auto;"><span style="font-family: "georgia" , "times new roman" , serif;"><img border="0" height="240" src="http://4.bp.blogspot.com/-ns6x6KDJDA4/TsSY6ABP2jI/AAAAAAAAAJg/OUlTbrJ2Hl0/s320/2010+Vancouver+Olympics+Day106_12Feb2010+001.JPG1.jpg" width="320" /></span></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.upi.com/News_Photos/gallery/2010-Winter-Olympics-opening-ceremony/2901/1/"><span style="font-family: "georgia" , "times new roman" , serif; font-size: small;">Vancouver Olympics 2010 Torch Parade</span> (click link)</a></td></tr>
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<span style="font-family: "georgia" , "times new roman" , serif;"><b>Types of Business Organizations:</b><br />(a) Sole Proprietorship<br />(b) Partnership<br />(c) Corporation<br />
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<b>A. Sole Proprietorship</b><br />
<br />It is defined as unincorporated company or business. It is usually common to an individual who provides services, sells and manufactures or produces products for profit to adapt this type or business organization. Although it is recommended to register the sole proprietorship with the governing agency where your business place is, but it is not mandatory to register it. <br />
<br />Getting into MLM business as an Independent Associate is an example of a Sole Proprietorship.<br />As to debts or liabilities obligation, the owner and sole proprietorship entity are not separated from each other. Thus, if company incurred company debts or liabilities obligations, the owner is 100% liable. However, the operation of the business is viewed as separated from owner’s personal activities of the owner. Also, the same way as to reporting for tax purposes, business activities (reporting of income and expenses) reported separately from owner’s personal financial activities. Sole proprietor will be taxed as an individual for their earnings.</span><br />
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<tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-2onzo9AQ22E/TsSaWbW4QeI/AAAAAAAAAJo/sqt7WSH6ssc/s1600/2010+Vancouver+Olympics+Day106_12Feb2010+035.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><span style="font-family: "georgia" , "times new roman" , serif;"><img border="0" height="240" src="http://1.bp.blogspot.com/-2onzo9AQ22E/TsSaWbW4QeI/AAAAAAAAAJo/sqt7WSH6ssc/s320/2010+Vancouver+Olympics+Day106_12Feb2010+035.JPG1.jpg" width="320" /></span></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&q=olympic+2010+vancouver&revid=694763451&sa=X&ei=4YvETq7QOqvciALpnsm5BQ&ved=0CDkQ1QIoAA&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982"><span style="font-family: "georgia" , "times new roman" , serif; font-size: small;">Vancouver Olympics 2010 Torch Parade</span></a> (click link)</td></tr>
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<span style="font-family: "georgia" , "times new roman" , serif;"><b>B. Partnership</b><br />
<br />It is defined as unincorporated company or business. This type of business organization is composed of two or more owners as partners. There are types of partnership formation: (1) General Partnership, (2) Limited Partnership (LP), (3) Limited Liability Company (LLC), and (4) Limited Liability Partnership (LLP).<br />
<br />Just like sole proprietorship, General Partnership company’s debts or liabilities are 100% obligation of the general partners. Though it is highly recommended, formation of general partnership agreement should be in writing, but is not mandatory. Having partnership agreement makes it easier to all parties involved as to the division of profits each period, and distribution of resources upon dissolution of the business. As to Limited Partnership (LP), LLC and LLP, these types of partnerships require filing to appropriate agency. Filing of certificate is required for LP; filing of articles for LLC; and filing of statement for LLP are required.<br />
<br />Limited Partnership (LP) requires at least one general partner who manages the business, limited partners have no management privileges. As to Limited Liability Company (LLC), members don’t have general partner (s), members are managers themselves. LLC members are not personally liable more than their investment. As to Limited Liability Partnership (LLP), just like LLC, no need of general partner(s), LLP members are managers, and only liable as per LLP obligation, except in the case of LLP member’s own negligence.<br />
<br />In partnership, accounting and taxation are viewed as separate from the company operation and partners/members personal financial activities. Partnership is not taxed directly, but considered as a “flow-through” income to partners/members. The partnership net income reported to the Canada Revenue Agency (depending on required numbers of partners in the partnership). Partnership that has 6 or more has to file partnership information tax return.</span><br />
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<tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-LK-EBIRO8Kc/TsSbQWJAHBI/AAAAAAAAAJw/rZn3RtXhOxo/s1600/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+001.JPG1.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><span style="font-family: "georgia" , "times new roman" , serif;"><img border="0" height="320" src="http://2.bp.blogspot.com/-LK-EBIRO8Kc/TsSbQWJAHBI/AAAAAAAAAJw/rZn3RtXhOxo/s320/Vancouver+2010+Winter+Olympics+Ceremony_11Feb2010+001.JPG1.jpg" width="240" /></span></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://www.google.ca/search?q=2010+olympics+opening+ceremony&hl=en&biw=1378&bih=982&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=IjXETpyGC-SriQLgm638Cw&ved=0CFYQsAQ#hl=en&tbm=isch&sa=1&q=vancouver+2010+winter+olympics+official+website&oq=vancouver+2010+winter+olympics&aq=6S&aqi=g1g-S6&aql=&gs_sm=c&gs_upl=3928l10610l33l14999l19l6l0l1l1l4l1314l6410l7-5l5l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=6a9a191062106b67&biw=1814&bih=982"><span style="font-family: "georgia" , "times new roman" , serif; font-size: small;">Vancouver 2010 Olympics Opening Ceremony</span></a> (click link)</td></tr>
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<span style="font-family: "georgia" , "times new roman" , serif;"><b>C. Corporation</b><br />
<br />It is defined as incorporated entity, and must file an Article of Incorporation Charter to governing agency. The Article has to include information of the name of the corporation, corporation registered agent, incorporators, number of shares or capital stocks issued. As a corporation, it has the right to operate as a separate entity from the owners (shareholders). It has a limited liability for owners, limited to their investment.<br />
<br />Corporation is usually managed by Board of Directors elected by shareholders. Board of Directors will appoint officers to run the day to day operation of the corporation, while the officer will employs manager(s), employees, and sub-contractors. The corporation and the shareholders are 100% separated from each other as to personal liabilities by the shareholders (limited to their investment). Accounting focus on corporation as a separate entity, and shareholders are free to transfer ownership (shares), except agreed otherwise.<br />
<br />A corporation is taxed separately from its owners (shareholders) and has to file an income tax return for the corporation itself. The dividends distributed to shareholders are taxed to them when they file their Individuals income tax returns. Thus, corporation income is taxed on corporate level, and taxed again on shareholders level. </span><br />
<span style="font-family: "georgia" , "times new roman" , serif;">_______________________________________________________________<br />
<br />Note: The continuation of this topic, <b>"7 Basic Things You Need To Know During Start-up Year of Business" </b>will be continued on next post, <b>“Part 2 of 7: Choosing Business Products or/and Services</b>”.</span><br />
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</style> <b><span style="color: black; font-family: "times new roman" , "serif";">Hope you like browsing the inserted pictures. They came from the 1000s of photos I collected. Also, make sure to "click" <u>all</u> the "caption/wordings" at the bottom of each picture (you'll be surprised where they are linked to!:) They are not related to the topic of this post (of course). I thought it would be nice to insert them, just to give you a break while reading this post. </span></b><span style="font-family: "times new roman" , "serif";">Until then.</span><span style="font-family: "georgia" , "times new roman" , serif;"><span style="font-family: "calibri" , "sans-serif"; line-height: 115%;"><span style="color: black; font-family: "times new roman" , "serif"; line-height: 115%;"><b></b></span><span style="font-family: "times new roman" , "serif"; line-height: 115%;"><br />
</span></span></span><span style="font-family: "georgia" , "times new roman" , serif;"><br />Please feel free to leave comments/inquiries, or you may contact me at:</span><br />
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<b><span style="font-family: "georgia" , serif;">Earla Riopel</span></b><span style="font-family: "georgia" , serif;">,<span style="font-size: 13px;"> </span></span><b style="font-size: 13px;"><i><span style="font-family: "georgia" , serif; font-size: 9pt;">BSCom(USA), DipAcc(UBC)</span></i></b><span style="font-family: "georgia" , serif; font-size: 9pt;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Website:<b> <u><a href="http://earlariopel.com/" style="color: #25224c; text-decoration: none;"><span style="color: #25224c;">http://earlariopel.com/</span></a></u> </b>Email: </span><b style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 18.3999996185303px;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><a href="mailto:earla@earlariopel.com" style="color: #25224c;"><span style="color: #25224c;">earla@earlariopel.com</span></a></span></b><span style="font-family: "georgia" , serif;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Main Sites: <b><u><a href="http://earlariopel.com/">Website</a></u> ; <u><a href="http://www.twitter.com/earlariopel" style="background-color: transparent; font-family: 'Times New Roman', serif;">Twitter</a></u> ; <u><a href="https://ca.linkedin.com/in/earla-riopel-bscom-dip-acc-ubc-1b812121" style="background-color: transparent; font-family: 'Times New Roman', serif;">LinkedIn</a></u> ; <u><a href="http://www.facebook.com/earlariopel" style="background-color: transparent;">Facebook</a></u>; <u><a href="http://earlariopel.blogspot.ca/" style="font-family: 'Times New Roman', serif; font-size: medium; line-height: normal;">Blog</a></u></b> </span></div>
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NYCARE (Earla Riopel and Albert Riopel)http://www.blogger.com/profile/05523398886629791287noreply@blogger.com0tag:blogger.com,1999:blog-6315110113031317729.post-49135736570012286592011-11-03T21:01:00.000-07:002019-08-01T09:43:35.540-07:00NYCARE Wellness Blog Update<div class="MsoNormal" style="margin: 0cm 0cm 10pt;">
<span style="font-family: "georgia" , "times new roman" , serif;">Wow, it’s unbelievable that I have been doing other things instead of writing articles for this blog. <span style="mso-spacerun: yes;"> </span>Honestly, I have been working with my other sites that I manage. So far, I have updated 4 sites for now. Likely, I still have a possible 6 sites to build, design and update, including this one. Good thing, it’s not so much work than I thought, since I recently wrote 7 new posts, plus updated 5 older posts. Most of these posts are applicable to all sites that I need to write articles on (more often if possible).<span style="mso-spacerun: yes;"> </span>These posts are not usually so much to health topics, but rather more on wellness and business related. </span></div>
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<a href="http://2.bp.blogspot.com/-prAoLn_-hBI/TrNeYUMZIkI/AAAAAAAAACg/LzHOAMsXIqI/s1600/AR+ER+and+NR.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: "georgia" , "times new roman" , serif;"><img border="0" height="272px" ida="true" src="https://2.bp.blogspot.com/-prAoLn_-hBI/TrNeYUMZIkI/AAAAAAAAACg/LzHOAMsXIqI/s320/AR+ER+and+NR.jpg" width="320px" /></span></a></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">Having a background in business, mostly in educational training, and observation, I am comfortable in writing business topics. However, don’t worry, I always like new challenges. Thus, writing on this blog would be a great challenge for me. I hope you will like it, and it would be of help to you and even for myself too.</span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">As to related health, wellness, and sports background, my family are health crazy people. Really! My hubby, </span><a href="http://twitter.com/earlariopel"><span style="font-family: "georgia" , "times new roman" , serif;">(picture)</span></a><span style="font-family: "georgia" , "times new roman" , serif;"> has been a Fitness World (recently Steve Nash Sports Club) gym member since 1992. He has been active as a Soccer Coach and Board of Director in the soccer community for 7 years. <span style="mso-spacerun: yes;"> </span>He loves to swim and loves the pool area very much! Two of my late teens daughters have played soccer. The eldest </span><a href="https://twitter.com/fashiontwitwall"><span style="font-family: "georgia" , "times new roman" , serif;">(picture)</span></a><span style="font-family: "georgia" , "times new roman" , serif;"> played for at least 7 years, and refereeing soccer for at least 4 years now (currently holds district level badge). Also recently, she started coaching soccer. She’s a trained goalkeeper, likes to play and coach soccer when she can.</span></div>
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<a href="http://3.bp.blogspot.com/-hv4ZjvpG6IY/TrNhYLrzt9I/AAAAAAAAACw/zXq8vOXkJLo/s1600/Noel+at+Dunbar+2010.jpg1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: "georgia" , "times new roman" , serif;"><img border="0" height="221px" ida="true" src="https://3.bp.blogspot.com/-hv4ZjvpG6IY/TrNhYLrzt9I/AAAAAAAAACw/zXq8vOXkJLo/s320/Noel+at+Dunbar+2010.jpg1.jpg" width="320px" /></span></a></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">As to my other daughter, </span><a href="http://twitter.com/ertaxbytes"><span style="font-family: "georgia" , "times new roman" , serif;">(picture)</span></a><span style="font-family: "georgia" , "times new roman" , serif;"> she had played soccer for 4 years before the sport of basketball took her away from soccer. She’s more of a soccer supporter now, and loves to play FIFA 12 with her brother! <span style="mso-spacerun: yes;"> </span>Actually, this daughter of mine is a well-gifted person when it comes to sports. Any sport that she plays, she’s always good at it! As to my youngest, </span><a href="http://twitter.com/nycare_wellness"><span style="font-family: "georgia" , "times new roman" , serif;">(picture)</span></a><span style="font-family: "georgia" , "times new roman" , serif;">, he has been a soccer player for 7 years now. He’s a well-gifted child too, but the sport of soccer is his favorite.</span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">As for me, I have always been a health conscious person myself. It wasn’t really since 2004 that I started participating in racing event, more like an amateur athlete.<span style="mso-spacerun: yes;"> </span>So far, here’s my summary, my background, either in career, health, wellness, and especially my involvement in sports, </span><a href="http://www.runramsey.com/profile/EarlaRiopel"><span style="font-family: "georgia" , "times new roman" , serif;">RunRamsey</span></a><span style="font-family: "georgia" , "times new roman" , serif;">, </span><a href="http://www.dailymile.com/people/EarlaRiopel"><span style="font-family: "georgia" , "times new roman" , serif;">Dailymile</span></a><span style="font-family: "georgia" , "times new roman" , serif;">, </span><a href="http://ca.linkedin.com/pub/earla-riopel/21/121/1b8"><span style="font-family: "georgia" , "times new roman" , serif;">LinkedIn</span></a><span style="font-family: "georgia" , "times new roman" , serif;"> and </span><a href="http://earlariopel.blogspot.com/"><span style="font-family: "georgia" , "times new roman" , serif;">All My Web Links</span></a><span style="font-family: "georgia" , "times new roman" , serif;"> (listed on left-hand side). They are not spectacular, but definitely eligible to write this blog. Of course, they will be based on my own experience, and others too. Hopefully, they would be helpful to you and even myself too.</span><br />
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<a href="http://1.bp.blogspot.com/-sK8Da9BoYGI/TrNnf0p61lI/AAAAAAAAADQ/Xykc3YA9CT0/s1600/Riopel+Awards.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320px" ida="true" src="https://1.bp.blogspot.com/-sK8Da9BoYGI/TrNnf0p61lI/AAAAAAAAADQ/Xykc3YA9CT0/s320/Riopel+Awards.jpg" width="259px" /></a></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">So for now, while I am working with this blog site, loading some business related articles, ads and designing of this site. Hopefully, soon I will be able to write/upload some health, wellness and sports related topics. I hope they will benefit all of us. As a matter of fact, majority of </span><a href="http://twitter.com/NYCARE_Wellness"><span style="font-family: "georgia" , "times new roman" , serif;">NYCARE_Wellness Twitter account</span></a><span style="font-family: "georgia" , "times new roman" , serif;"> followers have interest in business. Thus, these articles that I will be posting (while working on this site) are applicable to would-be or new business owners, or maybe even extra pointers to older ones too. </span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">Until then. </span><br />
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<span style="font-family: "lucida calligraphy"; font-size: 13.5pt;">Earla Riopel<o:p></o:p></span></div>
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<b><span style="font-family: "georgia" , serif;">Earla Riopel</span></b><span style="font-family: "georgia" , serif;">,<span style="font-size: 13px;"> </span></span><b style="font-size: 13px;"><i><span style="font-family: "georgia" , serif; font-size: 9pt;">BSCom(USA), DipAcc(UBC)</span></i></b><span style="font-family: "georgia" , serif; font-size: 9pt;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Website:<b> <u><a href="http://earlariopel.com/" style="color: #25224c; text-decoration: none;"><span style="color: #25224c;">http://earlariopel.com/</span></a></u> </b>Email: </span><b style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 18.3999996185303px;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;"><a href="mailto:earla@earlariopel.com" style="color: #25224c;"><span style="color: #25224c;">earla@earlariopel.com</span></a></span></b><span style="font-family: "georgia" , serif;"><o:p></o:p></span></div>
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<span style="font-family: "georgia" , serif;">Main Sites: <b><u><a href="http://earlariopel.com/">Website</a></u> ; <u><a href="http://www.twitter.com/earlariopel" style="background-color: transparent; font-family: 'Times New Roman', serif;">Twitter</a></u> ; <u><a href="https://ca.linkedin.com/in/earla-riopel-bscom-dip-acc-ubc-1b812121" style="background-color: transparent; font-family: 'Times New Roman', serif;">LinkedIn</a></u> ; <u><a href="http://www.facebook.com/earlariopel" style="background-color: transparent;">Facebook</a></u>; <u><a href="http://earlariopel.blogspot.ca/" style="font-family: 'Times New Roman', serif; font-size: medium; line-height: normal;">Blog</a></u></b> </span></div>
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NYCARE (Earla Riopel and Albert Riopel)http://www.blogger.com/profile/05523398886629791287noreply@blogger.com0