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Accounting, Bookkeeping, Taxes, Small Business & more

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Beneficial Trusts in Real Estate Investing

27 October 2022

In this video, Keith Uthe from Enrich Mortgage Group talks to RMI’s Managing Partner Irfanali Moledina about advantages of Beneficial trusts in real estate investing. For those who prefer to read, a transcription is available below the video. using beneficial trusts in real estate investing Keith: Hey good afternoon everyone, Keith here with Mortgage alliance and Enrich mortgage group, and I am fortunate to have here someone who’s got some extensive knowledge and is going to help give us some understanding

Selling a business in Canada

27 September 2022

Are you thinking of selling a business in Canada? Learn more about what does it entail and what are possible tax implications in this video. For those who prefer to read, a transcription is available below the video. Good afternoon everyone. It’s Irfanali Moledina with RMI Professional Corporation. I hope everyone’s had a fantastic week and is enjoying the summer sunshine that we’re getting here in Calgary. Today I wanted to touch on a topic that we’ve been getting asked a

How to deal with the CRA

30 June 2022

Did you forget to file your taxes or need a payment plan? It is always best to get in touch and deal with the CRA right away or, better yet, ask your tax professional to do it for you to ensure that you do not pay more than necessary. For those who prefer to read, a transcription is available below the video. Good afternoon, everyone. It’s Irfanali with RMI Professional Corporation once again. I hope everyone’s had a great past week

RMI’s Tax Party 2022

16 May 2022

In celebration of all the hard work our team put in during the 2022 tax season, RMI hosted a Tax party last Friday. We started with a lunch at the office and then moved on to our first activity which was the Locked Room. We split into 3 groups and got ourselves locked in. The task seemed simple – get outside as soon as possible. It was not as easy as you may think though, only 1 team actually managed to

6 Bookkeeping Tips for Small Business Owners

19 April 2022

Small businesses often have limited budgets, which can make it difficult to hire professional bookkeepers. However, there are a few simple bookkeeping tips that can help you keep your small business books in order without breaking the bank. First, make sure you have a system in place for tracking income and expenses. This can be as simple as using a spreadsheet or dedicated bookkeeping software. Second, stay organized by keeping all of your financial documents in one place. This will make

Claiming children on taxes

7 April 2022

Have you been separated or divorced with multiple children and aren’t sure how to claim them on your taxes? Watch this video to find out. As usual, if you prefer reading, the transcription is right under. tax deadline coming up Good afternoon, everyone. It’s Irfanali with RMI Professional Corporation once again. I hope everyone had a fantastic week. We are now into the month of April and so it’s that time of year for Small Business Accountants. It’s personal tax season.

Crypto Tax in Canada

29 March 2022

Are you into crypto? Did you invest in cryptocurrencies or are trading crypto? And have you thought about crypto tax? Check out this video to find out what tax consequences dealing with cryptocurrencies has for you. As usual, if you prefer reading, the transcription is right under. https://youtu.be/c0spODwApf4 tax treatment for cryptocurrencies Good afternoon everyone. It’s Irfanali here with RMI Professional Corporation. I hope everyone’shad a great couple of weeks. We’re in the middle of personal tax season. So our office

RRSPs and Taxes

18 February 2022

We are entering the busiest season of the year for accountants as we move deeper into 2022. RRSP deadline is approaching fast and many people ask how much to contribute and if RRSPs are the best option for them. As usual, find your answers in the video below and if you prefer reading, the transcription is right under. RRSP Contribution Good afternoon everyone. It’s Irfanali with RMI Professional Corporation. I hope everyone’s had a fantastic week. I know we’re in the

Top Choice Accounting Award Winners for 2022

27 January 2022

We Did It!! We are so proud to announce that RMI Professional Corporation has been crowned the Top Choice Award Winner for Top Choice Accounting Category in the 2022 Top Choice Award Survey and it’s all thanks to you! This could not have been done without the dedication of our team and the love from our clients, and for that, we are very grateful to you all. Words cannot express how warm our hearts are from all the support we’ve received

Happy Holidays!

23 December 2021

It’s been fantastic working with you in 2021 and we’d like to give you a huge thanks for being our cherished customer. We are looking forward to doing business together in the forthcoming year. In the meantime, Happy Holidays and all the best in 2022! RMI Professional Corporation Team

DiSC Personalities in Business

9 December 2021

DiSC personalities are being used in many organizations and businesses around the world. Watch this video to learn why it is beneficial for business owners to use this method. If you prefer reading, you can find the transcription below the video. Everything DiSC: A Wiley Brand ® Hello everyone. My name is Naurin Moledina and I’m the US Tax Partner with RMI Professional Corporation. Along with being a US tax partner, I’m also a certified and authorized partner with Everything DiSC:

Taxable benefits for employees

1 December 2021

There are various types of benefits that an employer can provide to their employees. Depending on the nature of the benefit, it will either be taxable or non-taxable to the employee. What are taxable benefits? The word “taxable” means that the value of the benefit must be included in the employee’s income and subject to income tax. The value of the benefit is generally reported on the employees T4 slip, which is submitted to the Canada Revenue Agency (CRA), and included

2022 Top Choice Awards Calgary

22 November 2021

RMI Professional Corporation is proud to announce that we are a 2022 Top Choice Award Nominee! Now, we need your help to WIN! Voting is now open and if you feel that we have earned your vote, we would appreciate your support. Winning the Top Choice Award is one of the largest endorsements a business can receive within North America, so this is a BIG deal! Your vote will automatically enter you into a draw for a chance to win 1 of

E-commerce accounting

20 October 2021

Are you selling online? Whether you’re trying to set up an e-commerce business on your own platform or you’re using an existing outlet such as Amazon or Walmart, you will incur some sort of tax issues if you’re trying to sell between the US and Canada. Learn more about e-commerce accounting in this video. If you prefer reading, you can find the transcription below the video. https://youtu.be/RTrT8SuVOCA E-commerce businesses Hello, friends. My name is Naurin Moledina and I’m here from RMI.

How to shut down a business in Canada

30 September 2021

Declaring bankruptcy is not the only way to shut down your business. Learn more about closing down a business in Canada in this video. If you prefer reading, you can find transcription below the video. closing down a business Good afternoon, everyone. It’s Irfanali with RMI Professional Corporation. I hope everyone’s had a great week. So today, I wanted to touch on a different topic and that is closing down a business. I talked to some clients who’ve come in and