Episode 50: Money // Tax Time Tips & Advice with Jami Monte // Accountant and Owner of Monte CPA

The Maker's Collective Podcast

In this episode of The Maker’s Collective Podcast we sit down with Jami Monte, a Chartered Professional Accountant (CPA) and creative who wants to help you feel set up and ready for tax time this year! She answers all of the common questions she gets from clients and demystifies a lot of the “scary” parts about tracking and filing. We know this can be an incredibly stressful time of year for small business owners, but if you get nothing else from this, please remember that stress can lead to avoidance, so if you are feeling this way please reach out (to us, to Jami, or to an accountant in your area!) and ask for help. Everything can be quantified, everything can be solved, so start where you are and get the support you need. Now, enjoy! Topics covered: Meet Jami - her journey to starting her own accounting businessTax planning tips for entrepreneursCommon mistakes made by entrepreneurs around their tracking and taxesSo, what’s a write off and how do write offs work?What is HST and when do you need to register for a number?What are you tracking when you’re filing HST?When to incorporateHow much money to put aside for taxes?Tax rates are hella confusingHow she works with clientsWhat to do with receiptsCash TransactionsAdvice Quote: Resources from the episode: Arabella Park - http://www.arabellaparkbar.com/CPA - https://www.cpacanada.ca/en/the-cpa-profession/cpas-and-what-we-do/what-cpas-doSole Proprietorship - https://www.entrepreneur.com/encyclopedia/sole-proprietorshipCorporation - https://www.entrepreneur.com/encyclopedia/corporationMileIQ - https://www.mileiq.com/HST - https://www.fin.gov.on.ca/en/tax/hst/index.htmlWave Financial - https://www.waveapps.com/Simple Tax - ttps://simpletax.ca/calculatorTax Rates - https://www.taxtips.ca/taxrates/on.htm ReceiptBank - https://www.receipt-bank.com/ More from Jami: Website - https://www.montecpa.com/ More from The Maker’s Collective: The Maker’s Collective - http://makerscollective.club/ Instagram - https://www.instagram.com/MakersCoClub/ Facebook - https://www.facebook.com/groups/makerscollectiveclub/ Get In Touch & Join The Club - http://makerscollective.club/contact/Get On The Shop Talk Series Email List & Never Miss Another Chance To Get Tickets - http://eepurl.com/giPBvD More from Lacey: LJH Brand Strategy & Business/ Mindset Coaching - http://www.laceyjheels.com/ Instagram- https://www.instagram.com/laceyjheels DOWNLOAD YOUR FREE EBOOK "INSTAGRAM FOR CREATIVES" More from Laura: Instagram - https://www.instagram.com/lauraannehart/