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.
Do you have children? You may want to consider starting a Registered Education Savings Plan (RESP). The great thing about a RESP is the Government will also contribute. Eligible families can receive up to $7,200 per child. Some families may be eligible to receive an additional $2,000. For fun, where did you pursue post secondary studies? #rbtaccountingservices #cpabc #explorebc #nelsonbc
The third thing that you can look at will not reduce your 2022 tax liability but it WILL help you save for the future 🙂 A Tax-Free Savings Account (TFSA). While there is no tax deduction for the contribution, the money earned within the account can be withdrawn tax free. Planning a big trip to Europe in a few years? A TFSA can help you save for it. What would you use a TFS to save for? #rbtaccountingservices #cpabc #explorebc #nelsonbc
The second thing you can look at in year end tax planning is Registered Retirement Savings Plan (RRSP) contributions. RRSP’s are a great way to save for retirement. The contribution reduces your taxable income dollar for dollar. I suggest discussing your retirement plans with a Certified Financial Planner, as they have the expertise and products to help maximize your return on investment. RRSP contributions must be made by March 1, 2023, to be eligible for 2022 taxes. When did you retire? Or, when do you hope to retire? #rbtaccountingservices #cpabc #explorebc #nelsonbc
As the year end nears, the time to plan for your 2022 income taxes narrows. There are still a few things you can look at to minimize your tax liability. The first is charitable donations. For every $100 donated you can reduce your taxes by $29 ($15 on the first $200). Donations must be made by December 31 👍 Check out the list of eligible charities at the following: https://www.canada.ca/en/revenue-agency/services/charities-giving/giving-charity-information-donors/making-a-donation.html #rbtaccountingservices #cpabc #explorebc #nelsonbc
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.