Entries by Angela Richardson

Filling and Paying Corporate Tax in Canada

Welcome to our guide on filling and paying corporate tax in Canada. In this article, we will provide you with all the information you need to know about corporate tax returns, filing deadlines, common mistakes to avoid, and available deductions or credits. So let’s dive in and explore the world of corporate taxation. What is […]

Bookkeeping Year-End Checklist

Do you have a bookkeeper or an in-house accounting team? RM LLP – In-House Corporate Year End Checklist Fantastic! This list will give you an idea of the specific things you should review and gather. Every business is unique. We’d be happy to help you tailor your year-end to-do list to specifically suit your company. […]

Year-End Accounting Checklist

Happy Fiscal New Year! It’s time to prepare your documents so we can complete your year-end filings. Here is a handy to-do checklist to help you compile your documents. This list is by no means suitable for every business, but it will give you an idea of the typical items required to compile financial statements […]

9 Steps for Small Business Owners Financial Planning

Owning a small business is a dream for people looking for the freedom to be their own boss and work to better themselves. Owning a small business can be very rewarding yet challenging at the same time. To succeed in the current economic climate, an equal amount of effort must go into a small business […]

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How to Pay Taxes to the CRA

It happens every year; Tax Season! People always hope that they get a tax return as opposed to a tax bill. But what happens when you get a tax bill? How do you pay it? There are a number of ways to pay when it comes time to pay your personal or business taxes. Whether […]

How much can I contribute to my TFSA?

The given name of Tax Free Savings Account is a bit of a misleading title. It is a registered tax-advantaged savings account and every year your TFSA contribution opportunity rises. Unlike, a regular investment account where you have to pay tax on the interest/dividends/capital gains you earn, a registered Tax-Free Savings Account (TFSA), is where […]

When Should I Incorporate My Business?

To Incorporate or Not to Incorporate Should I Incorporate my business… This is a very common question, and the answer isn’t always clear. It depends on your current situation, your future plans, and some best/worst-case scenario analysis. We’ll look at the various factors/benefits and drawbacks. If you’re not incorporated… If your business is not incorporated, […]

Top Accounting Mistakes of Ecommerce Businesses

The events of 2020 and 2021 have caused a significant push for businesses to pursue the E-Commerce route. It’s tough to sell your product if your retail location is forced to close. It’s also tough to sell your handcrafted items if the markets are closed… or if you find your customers are just opting to […]

Most Common Mistakes Medical Benefit Mistakes Made by Entrepreneurs

Medical benefits can be a great way to provide additional non-taxable compensation to your employees. There are many different plans available to even small and medium businesses. Whether you’ve got a health spending account or a medical insurance plan (or a combination of the two), there is a process to ensure that these medical expenses […]

Taxes & Trucking: How to Choose the Right Trucking Accountant

Truckers spend more than 300 days each year on the road. That doesn’t leave a lot of time to spend on managing your finances. For those in the trucking industry, having an accountant on your team is crucial to the success of your business. But how do you choose the right accountant? Keep reading to […]