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.
Tax Tip – What you need to file your income taxes There is a long list of forms and receipts you need, including income from employment, investments, pensions, benefits, etc. You will also need receipts for business expenses, medical and childcare expenses, donations, and interest charges. If you want a complete list of everything you need, just send me a message here on Facebook, or call me at 250-354-7107. #community #nelsonbc #rbtaccounting
Tax News The CRA has increased the inflation amount used to index 2026 tax brackets by 2%, taking effect Jan 1st. Other benefit changes such as the 2026 Canada child benefit increase of 2% take effect July 1st. Go to the link below to read about all of the changes coming in 2026: https://www.canada.ca/en/revenue-agency/services/e-services/filing-information-returns-electronically-t4-t5-other-types-returns-overview/whats-new-2026.html #community #nelsonbc #rbtaccounting
Tax Tips - Did you know about Minimum Tax? Minimum Tax limits the tax advantage you can receive in a year for Income Taxes from certain incentives. If the total of lines 19699 and 19700 of Schedule 3, Capital Gains or Losses, and line 12700 of your return is $173,205 or less, you probably do not have to pay minimum tax. For more information, follow the link below: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/deductions-credits-expenses/line-41700-minimum-tax.html Still confused? Give me a call! #community #accountingservices #Nelson #nelsonbc #rbtaccounting
This is the second post of a weekly series on how families can support their young adults. Today we have some information on trusts. In a trust, someone (the trustee) legally owns the money or other assets for the beneficiary. There can be more than one trustee, and more than one beneficiary. In a Discretionary Trust, the trustee has sole control of the money, while in a Non-Discretionary Trust the beneficiary can also have some control or there could be specific conditions to meet. The distinction is important as they are treated differently legally. A Discretionary trust is not considered...
| 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.