Your FS Matrix

Mark these important tax deadlines for September 2026.

Save this post for later and follow us for more practical money, bookkeeping, and business tax tips.

We’re almost through Q3 and heading into the final months of 2026, so now is the time to focus on your year-end goals and prepare for upcoming deadlines.

This month, take time to:

- Review your August numbers
- Get your books up to date
- Review your year-end revenue and profit goals
- Check your cash flow
- Start looking for a bookkeeper and tax accountant now
- Plan for year-end deadlines

What’s one business goal you’re working toward this September?

Need help keeping your business expenses organized and tax-ready?

Book a call using the link in our profile or comment "tax" below to learn more about our services.

A business loan is not income. It's a liability that you'll repay over time.

Here's how to record it correctly:

1. Create a loan liability account.

Set up a Long-Term Liability or Other Current Liability account (depending on the loan terms).

2. Record the loan deposit.

When the loan funds are deposited into your bank account, categorize the deposit to the loan liability account, not income.

3. Record your loan payments correctly.

Each payment includes:

- Principal, which reduces the loan balance
- Interest, which is recorded as an interest expense

4. Reconcile your loan account regularly.

Compare your QuickBooks loan balance to your lender's statements to ensure they match.

5. Keep all loan documents.
Save your loan agreement, payment schedule, and monthly statements for your records.

Recording business loans correctly helps keep your Balance Sheet accurate, your financial reports reliable, and your books tax-ready.

Need help cleaning up your books or reviewing your QuickBooks?

Book a call using the link in our profile, or comment "books" below to learn more about our bookkeeping services.

Before you expand, ask yourself:

- Can I afford the additional monthly expenses?

- Do I have enough cash flow to support growth?

- Is customer demand consistent?

- Have I reviewed my pricing and profit margins?

- Have I created a budget for the expansion?

- Do I have enough cash reserves?

- Do I have accurate financial reports to make this decision?

Expanding at the right time can fuel growth.

Expanding too soon can put unnecessary pressure on your business.

Save this post for when you're planning your next stage of growth, and follow for more practical CFO, bookkeeping, and business finance tips.

We are halfway through the year, making this the perfect time for a financial reset.

A mid-year review can help you determine whether your books are on track or whether it is time for a bookkeeping clean-up.

Read our new blog post to use our checklist to see if your bookkeeping needs attention.

To read our blog, visit our website, use the link in our profile, or comment below.

1. We keep your books organized so you always know where your business stands.

2. We help you monitor cash flow so you can plan and avoid surprises.

3. We prepare accurate financial reports so you can make informed business decisions with confidence.

4. We keep you tax ready by maintaining accurate, up-to-date financial records throughout the year.

5. We prepare lender-ready financials when you're applying for a business loan or financing.

6. We save you time and reduce stress so you can focus on growing your business instead of managing your books.

Ready to spend less time on your business finances and more time running your business?

Book a call using the link in our profile, or comment "books" below to learn more about our services.

Here’s what business owners should know:

- Calculate a reasonable business-use percentage (for example, 60% business and 40% personal).

- Apply that percentage to your monthly cell phone and internet bills.

- If you work from home, claim only the business portion of your internet based on actual business use.

- A separate phone or internet plan used exclusively for business may be 100% deductible.

- A new cell phone is generally claimed over time through Capital Cost Allowance (CCA), not deducted all at once.

- Keep your bills and records showing how you calculated your business-use percentage.

Need help staying tax ready all year? Book a call using the link in our profile or comment "tax" below to learn more about our services.

Important: Please Do Not Click the Link in Alycia's Email

Hi everyone,

We want to make you aware of a phishing email that may have been sent from Alycia's email account.

Please do not click on any links, open attachments, or provide any personal, financial, or login information if you receive an unexpected email from Alycia, [email protected]. The email is fraudulent and was not sent by us.

If you have already clicked the link or entered any information, please let us know as soon as possible so we can help you determine the appropriate next steps.

For your protection, we recommend deleting the email and reporting it as spam/phishing.

We apologize for any concern or inconvenience this may cause. We take the security of your information seriously and are working to address the situation.

If you are unsure whether an email or request is legitimate, please contact us directly before clicking anything.

Thank you for your understanding and for helping us keep your information secure.

Best,
Maria
Your Financial Success Matrix

Now is a great time to review your books, make sure your records are up to date, and prepare for the September 15 deadline.

Need help getting your books organized? Book a call using the link in our profile or comment "books" below to learn more about our bookkeeping services.