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Accounting, Bookkeeping, Taxes, Small Business & more

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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

2021 Top Choice Award Nomination

24 November 2020

RMI Professional Corporation is proud to announce that we are a 2021 Top Choice Award Nominee in the Accounting Services category! 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

Who Should be Filing U.S. Tax Returns?

5 February 2019

Ever wondered if you should be filing U.S. Tax Return? What actually qualifies you to file your taxes in the USA? Is it the income? The residency? Or the citizenship? Or all of the above? Find your answers below. Who is a U.S. Person in term of taxation? The U.S. Government levies income taxes on U.S. individuals based on their worldwide income. The following individuals would be considered a U.S. person for tax purposes: A U.S. (naturalized) Citizen A Green card

Incorporating a business in Alberta

29 January 2019

A corporation is an independent legal entity that exists separate and apart from its owners (shareholders). If you are unsure of how to structure your business (corporation, partnership or a sole proprietorship) it is recommended that you seek accounting advice before continuing. To incorporate a company in Alberta, you must complete 5 following steps: 1. CHOOSE A CORPORATION NAME You will need to choose a name to register your corporation in Alberta. Your business name must be unique and should consist