Reorganize Your Financial Life Today!
Spend less time on your business and more time doing business!
Spend less time on your business and more time doing business!
Richard Thomas earned a Bachelor of Commerce from the University of Alberta, majoring in accounting, and acquired his Certified General Accountant designation in 2002. He has spent 18 years in public practice accounting, working way up from junior accounting technician to accounting manager.
Richard started RBT Accounting Services to help those who are just starting their own businesses with their bookkeeping and tax needs. Working with many small and medium business owners over the years, Richard found that the biggest obstacle in starting a business is the planning for GST/PST, payroll deductions, business taxes, and dealing with all of the paperwork involved. He has helped many owners dig themselves out of a hole with the Canada Revenue Agency and is ready to help new owners avoid that issue by being the knowledgeable expert who helps them on their way.
Keeping track of the money flowing into and out of your business is important and time consuming, especially if there are a lot of small transactions. RBT Accounting Services will help you to keep things organized so that receivables are being collected and bills are being paid in a timely manner.
Sales taxes are confusing. Do you have to charge GST? Are you required to collect PST? What are your filing deadlines? RBT Accounting Services will help figure all this for you and ensure returns are filed properly and on time, and that you have the knowledge you need to keep your clients informed and your accounts up to date.
Your employees are the heart of your business. RBT Accounting Services will help ensure that they are paid accurately and that the source deductions are remitted on time. RBT Accounting Services will also prepare and file the T4 Return.
Whether you are a sole proprietor or a small owner managed corporation, keeping your taxes up to date is important. RBT Accounting Services will prepare your required tax returns and ensure they are filed on time.
The Bigger Picture Did you know that the City of Nelson collects taxes for more than just it’s municipal budget each year? According to the City of Nelson, of the taxes collected each year, - 50% are for the municipal budget - 26% are for the Kootenay Lake School District #8 - 20% are for the Regional District of Central Kootenay (RDCK) - 3% is for the Regional Hospital - 1% is for the BC Assessment Authority and the BC Municipal Finance Authority #rbtaccountingservices #nelsonbc #community #cpabc
October brings good news for small businesses! Lower credit card transaction fees will take effect today, Oct. 19th, saving small businesses about $1 billion over 5 years. A revised code of conduct for the payment card industry will also come into effect on Oct. 30th, which will shorten the complaint process over 75%. The code of conduct provides increased pricing transparency, flexibility, and choice of payment cards for businesses. All payment networks in Canada have adopted the code, which sets out business owner rights when using payment card processing services. #rbtaccountingservices #nelsonbc #smallbusiness #accounting #kootenaybusiness #cpabc #community
How PST works . . . The B.C. Provincial Sales Tax is a retail sales tax that applies when taxable goods, software or services are acquired in B.C. or brought into B.C. for use in B.C. Generally, the rate of PST is 7% on the purchase or lease price of goods and services, although there are many exceptions, such as rates of 10% for liquor, 20% for vapor products, and up to 20% on vehicles. Also taxed are all of the services to, or to install, taxable goods (referred to as related services), such as vehicle maintenance, furniture, and computer...
Did you see the recent CBC headline ‘Income Inequality rises to the highest level ever recorded: Statistics Canada.’? The byline explains more: ‘Widening income gap driven by investment returns for top 20 per cent of Canadian earners.’ According to the article, Statistics Canada reports that the income gap of 47 points between the highest two-fifths and the lowest two-fifths is the highest recorded since income gap data in Canada began to be recorded 25 years ago, in 1999. This particular income gap increase is largely due to the higher interest rates, which led to higher yields on investments. Lower income...
Monday | 10:00 AM — 4:00 PM |
Tuesday | 10:00 AM — 4:00 PM |
Wednesday | 10:00 AM — 4:00 PM |
Thursday | 10:00 AM — 4:00 PM |
Friday | 10:00 AM — 1:00 PM |
Saturday | Closed |
Sunday | Closed |
Meetings by appointment only; no drop-ins, please call first.