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Accounting, Bookkeeping, Taxes, Small Business & more

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The importance of budgeting in business

5 August 2021

You’ve probably heard of budgeting before, but do you actually have a budget for your organization? Budgeting doesn’t have to be complicated. Watch this short video to get you started, simply. If you prefer reading, you can find the transcription below the video. budgeting in business Good afternoon, everyone. It’s Irfanali with RMI Professional Corporation once again. Hope everyone’s had a fantastic couple of weeks and is enjoying the summer heat that we’ve been having here, especially in Calgary. As we

Mid-Year Tax & Business Review

20 July 2021

We’ve just passed the mid-year mark which makes it the perfect time to review where we are in terms of our budget, taxes, and business in general. You may be underpaying your tax installments, overspending your budget, or not exactly sure where you stand with your business targets for this year. Many things can change in 6 months, so why not prepare for a great second half of 2021! Learn more in our video and if you prefer reading, you can

CRA is not always right

15 July 2021

Canada Revenue Agency (CRA) is the revenue service of the Government of Canada and is perceived as an ultimate authority. That doesn’t mean that they are always right though. If you end up with an unexpected bill due to denied expenses, know that it doesn’t have to be the end of the world and that there may be a way out of it. Watch the video to find out more. And if you prefer reading, check out the transcription below the

Tax and accounting professionals in Calgary

How to handle growth in your small business company

24 June 2021

Growth in your small business company is great news but it can also bring many challenges. Focus on these 3 key areas to make your business a success. If you prefer reading, check out the transcription below the video. Post-Covid business growth Good afternoon, everyone. It’s Irfanali with RMI once again. I hope everyone had a fantastic week. This week, what I wanted to touch on was some positive news and what I’ve seen coming out of COVID. As things get

5 tips for choosing the right small business accountant

17 June 2021

Are you looking for a good small business accountant in Calgary? Watch this video to get 5 tips for choosing the best accountant for your company. And if you prefer reading, you can find the transcription below the video. how to choose the right accountant Good afternoon. It’s Irfanali here with RMI once again. I hope everyone had a fantastic week. As we head closer to the end of June and into a nice summer, a lot of us accountants are

Benefits of using a holding company in Canada

15 June 2021

Have you ever thought about what is a holding company good for? Watch this video to find out why you might want to consider a holding company for your business. If you prefer reading, check out the transcription below the video. holding companies Good afternoon, everyone. It’s Irfanali Moledina with RMI Professional Corporation. I hope everyone had a great week. I’m back again and today, I just wanted to touch on the topics of holding companies. Every so often we meet

Post-Covid economy, inflation and business

1 June 2021

Watch this video with Irfanali’s perspective on the post-Covid economy, the dangers of inflation, its impact on business, and changes coming up in the accounting industry. If you prefer reading, check out the transcription below the video. Post-Covid economy Hello everyone. It’s Irfanali here from RMI once again. Today, I just want to touch on the impact of coming out of COVID-19, my personal thoughts on what I see happening in the economy going forward, as well just touch a little

U.S. taxation in Canada

27 May 2021

U.S. taxation is a common topic that comes up often in conversation with our clients. Watch the video with a couple of Irfanali’s recommendations or if you prefer reading, follow the transcription below it. https://youtu.be/_LdWBH1jNGk U.S. Taxation in Canada Good afternoon! It’s Irfanali here with RMI once again. I hope everyone’s having a fantastic week. Today I just want to touch in a little bit on U.S. taxation. It’s been a question we’ve been getting in our office quite often these

Why Is Accounting Actually a Backbone of Your Business?

4 May 2021

Christan Hiscock from Kardia Financial Group and Irfanali Moledina from RMI Professional Corporation got together to talk about why is accounting so important in business, about entrepreneurship, proper tracking of numbers, and other topics related to running a small business the right way. Watch the video or if you prefer reading, follow the transcription below. Have fun! https://youtu.be/F1D5Ug-65Do What does it take to be a business owner ChristanOn today’s Finance Friday we are going to talk about what does it take

When to incorporate a business in Canada

15 April 2021

“When should I incorporate my business? – is one of the common questions we get a lot of times. You can watch Irfanali’s answer in the video attached to this post or if you prefer reading, follow the transcription below the video. Enjoy! Sole proprietorship or incorporated Small Business? Good morning everybody. This is Irfanali with RMI Professional Corporation once again. I hope everyone’s had a fantastic week. I know we’ve been busy away during our tax time here. Today I

Are CERB and CRB benefits taxable?

7 April 2021

The personal income tax deadline in Canada is fast approaching and we would like to share some information about CERB and CRB benefits for individuals and on CEBA support for business owners. If you prefer reading, follow the transcription below the video. Enjoy! Personal Income Tax deadline is at the end of april Good afternoon everyone. It’s Irfanali here with RMI Professional Corporation once again. I know we are at the beginning of April and so I just wanted to provide

How to save money on taxes in Canada

24 March 2021

With the tax season fully on we have asked our own Irfanali Moledina, the Managing Partner of RMI Professional Corporation, to share some tips on how to save money on taxes in Canada in this short video. If you prefer reading, follow the transcription below the video. Enjoy! Most commonly missed personal tax deductions Good morning everyone. It’s Irfanali Moledina from RMI Professional Corporation, here today to talk about some common missed personal tax deductions. This video is being recorded in March

8 Tax Saving Tips for Small Business Owners

23 February 2021

There are a variety of methods that small business owners can explore to improve their tax situation out there. Running your own business is a lot of work as it is, and like everybody else, you would want to keep as much of your profit as you can. However, it can be challenging to learn about Canadian tax savings on your own. To make it easier for you, we’ve compiled a list of some tax-saving tips to help you improve your

Winner of Top Choice Award in Accounting Services Category

28 January 2021

RMI Professional Corporation is the winner for Accounting Services category in the 2021 Top Choice Award Survey! Top Choice Awards has announced the 2021 Top Choice Award Winners, the guide to our city’s most trusted businesses, and drum roll, please… WE WON! We are so proud to announce that we have been crowned the winner of the Top Choice Accounting Services Category of 2021 in the city of Calgary. This could not have been done without the dedication of our team

6 Benefits of Hiring an Accounting Firm for Your Business

6 January 2021

Finance and accounting can get cumbersome. Even if you have a certain level of a background in accounting, it will take the bulk of your precious time that could have been spent on your clients and services. Do you really want to think about record-keeping, compliance with regulatory laws, tax implications, financial statements, and so on? Probably not, right? So how can you avoid the confusion? The answer is simple. Leave it to the professionals. Depending on your business size and