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The "Don't Miss It" Expense Guide for Tradespeople Let’s be honest: you didn’t start your plumbing, electrical, or construction business because you love receipt management. You started it because you’re good at the trade. ​But here is the hard truth about running a business in BC: If you spend money to earn money, you need to track it. ​Every receipt you lose, wash in your jeans pocket, or let fade on your dashboard is literally money you are handing over in taxes that you d

​In the Okanagan construction industry, there is a common story we hear at Anchor Peak regarding bookkeeping for trades. It usually sounds like this: ​"I’m booked solid for three months. My crew is working overtime. I just landed a $50,000 renovation. So why is my bank account empty?" ​This is the "Busy But Broke" Paradox. ​Many talented tradespeople—plumbers, electricians, framers—operate their businesses based on bank balance accounting. If there is money in the account, th

Keeping your bookkeeping compliant with the Canada Revenue Agency (CRA) is essential for any business operating in Canada. Failure to follow CRA guidelines can lead to audits, penalties, and unnecessary stress. This post shares five practical rules that help you maintain accurate, organized, and compliant financial records. Whether you are a small business owner, freelancer, or bookkeeper, these strategies will keep your books in order and your mind at ease. Keep Detailed and