How to Reconstruct Business Expenses for Taxes in the US
Missing receipts or incomplete bookkeeping? Learn how to reconstruct business expenses from bank statements, invoices and other records for Schedule C.
September 24, 2026 · 13 min read
Heightly Blog
Tax prep tips for sole proprietors and freelancers in Canada and the US.
How to Reconstruct Business Expenses for Taxes in Canada
Missing receipts or incomplete bookkeeping? Learn how to reconstruct business expenses from bank statements, invoices and other records for your T2125.
September 24, 2026 · 14 min read
Can You Do a Whole Year of Bookkeeping at Once?
Yes — a straightforward sole proprietor can reconstruct a full year from bank and credit-card statements. When doing it all at once is easy, when it isn't, and a 10-step process for catching up a year you're already behind on.
September 21, 2026 · 15 min read
How Much CPP Do Self-Employed Canadians Pay?
Self-employed Canadians pay both halves of CPP — 11.9% on net self-employment income in 2026, up to $8,460.90, plus CPP2 above $74,600. What that means for your tax bill, why it catches new sole proprietors off guard, and why your bookkeeping decides the number.
September 18, 2026 · 6 min read
How to Do Bookkeeping From Bank Statements
A 12-step process for turning bank and credit-card statements into organized bookkeeping — identifying transfers, separating business from personal, handling mixed-use expenses, and catching what the statements don't show. For sole proprietors in the US and Canada.
September 17, 2026 · 14 min read
Catch-Up Bookkeeping for Sole Proprietors: DIY, Software or a Bookkeeper?
Behind on your bookkeeping? Compare the four options for sole proprietors — a DIY spreadsheet, bookkeeping software, hiring a bookkeeper, or a statement-organization tool — with a decision tree and a free Excel template.
September 14, 2026 · 16 min read
How Much Does Catch-Up Bookkeeping Cost in the US?
What catch-up bookkeeping costs in the United States, the factors that drive the price — transaction volume, accounts, months behind, record quality, payroll and inventory — and when DIY, software or a bookkeeper makes sense for a Schedule C filer.
September 14, 2026 · 10 min read
How Much Does Catch-Up Bookkeeping Cost in Canada?
What catch-up bookkeeping costs in Canada, the factors that drive the price — transaction volume, accounts, months behind, record quality and GST/HST — and when DIY, software or a bookkeeper makes sense for a sole proprietor.
September 14, 2026 · 10 min read
How to Catch Up on a Year of Bookkeeping: A Step-by-Step Guide
A year behind? Work through catch-up bookkeeping in 16 steps — gather, organize, categorize, review — with a free Catch-Up Bookkeeping Excel template. For sole proprietors and freelancers in the US and Canada.
September 11, 2026 · 17 min read
I Haven't Done My Bookkeeping All Year — What Do I Do?
A year behind on bookkeeping? Work through it in 11 steps, with a free Catch-Up Bookkeeping Excel template — for sole proprietors and freelancers in Canada and the US.
September 3, 2026 · 14 min read
T2125 Bookkeeping: Turn Bank Statements Into a Tax-Prep Report
Your bookkeeping isn't done but your T2125 is still due. See what an organized T2125 tax-prep report looks like, how each category maps to a GIFI line, and where bank statements fall short.
August 27, 2026 · 10 min read
Bookkeeping Not Done? Turn Bank Statements Into a Schedule C Report
Your bookkeeping isn't done but your taxes are still due. See exactly what an organized Schedule C tax-prep report looks like, and how each category maps to a Form 1040 Schedule C line.
August 27, 2026 · 5 min read
Can ChatGPT or Gemini Do My Taxes From Bank Statements?
An honest comparison: what AI chatbots do well for self-employed taxes, and where a year of real bank statements breaks them — privacy, volume, arithmetic and consistency.
August 22, 2026 · 6 min read
Motor Vehicle Expenses for Self-Employed Canadians: Chart A Explained (Free Worksheet)
Claiming vehicle expenses on Form T2125? See exactly what CRA Chart A requires, the 2026 prescribed interest and leasing limits, and download a free worksheet.
August 19, 2026 · 6 min read
Vehicle Mileage Log for Schedule C: What the IRS Actually Asks For (Free Worksheet)
Deducting vehicle expenses on Schedule C? See exactly what IRS Part IV requires, the 2026 standard mileage rate, and download a free worksheet to organize your numbers.
August 12, 2026 · 6 min read
Home Office Deduction: What Records You Need (Free Worksheet for CRA & IRS)
Claiming the home office deduction as a sole proprietor? See exactly what CRA Form T2125 and IRS Form 8829 require, then download a free worksheet to organize the numbers.
August 5, 2026 · 6 min read
What Your Bank Statement Doesn't Prove: Receipt Recordkeeping for Sole Proprietors
A bank statement shows four of the five things the IRS expects an expense record to show. Here is the missing element, how long to keep receipts in Canada and the US, and why digital copies are acceptable.
July 30, 2026 · 8 min read
Can I File Self-Employed Taxes With Bank Statements?
Yes, bank statements can help prepare your self-employed taxes. Compare a bookkeeper, accounting software, spreadsheets and AI-assisted tax reports.
July 29, 2026 · 12 min read
Schedule C Line by Line: Every IRS Expense Category
A line-by-line guide to every Schedule C expense category — from Advertising to Other expenses — with practical examples of what belongs where.
July 24, 2026 · 6 min read
How to Prepare Your Bank Statements for Your Accountant (Canada & U.S. Sole Proprietor Guide)
A step-by-step guide for sole proprietors in Canada and the U.S. — what your accountant actually needs, how to organize your records, and how AI tools like Heightly cut prep time and cost.
July 22, 2026 · 6 min read
How Heightly Works: Canadian Self-Employed Tax Prep in Minutes
How Heightly turns a year of bank statements into a Tax Prep Report aligned with T2125 categories — categorized, organized, and export-friendly for your accountant.
July 15, 2026 · 3 min read
How to Categorize Business Expenses for Your Schedule C (U.S. Sole Proprietors)
Learn how to categorize business expenses on your Schedule C as a US sole proprietor — the common categories, the mistakes to avoid, and how AI can speed up the process.
July 15, 2026 · 5 min read
How to Categorize Business Expenses for Your Personal Taxes (Canadian T2125)
Learn how to categorize business expenses on your Canadian T2125 — the common categories, the mistakes to avoid, and how AI can automate most of the work.
July 15, 2026 · 6 min read