RLB Blog

RLB WINS CLEARLYRATED’S 2021 BEST OF ACCOUNTING AWARD FOR SERVICE EXCELLENCE 

On Monday, April 19, 2021, Minister of Finance Chrystia Freeland released the 2021 Canadian federal budget. This is very likely the last budget before the next federal election. The minority Liberal government proposed measures encouraging support from other parties and included something for almost every potential voter.

The 10 Things your Not-For-Profit Auditor wants you to know. Here are the 10 secrets our team has put together to help your Not-For-Profit.

Ever had a threatening phone message supposedly left by the CRA? Read news stories about an unsuspecting senior bulk-purchasing iTunes gift cards to avoid more severe penalties? The truth is new ways to scam Canadians pop up daily. Robot voicemails and requests for gift cards are still happening in our communities – but there are many more scams running that you might not know. Beware of fraud! Do you know how to protect yourself and your loved ones from some of the less obvious scam attempts?

Now that we have the basics of logging onto a video call down to a science, it's time to address the elephant in the room. There is some etiquette we should all adhere to when signing onto a virtual meeting.   

On Wednesday, March 24th, Ontario Finance Minister Peter Bethlenfalvy unveiled the province’s 2021 budget. This spending plan focused on healthcare, small businesses, and families with several key financial proposals. Read more about the 2021 budget announcement.

The Quick Method is a simplified way to calculate HST for small businesses.  Instead of totaling Input Tax Credits (ITCs) on all expenses and subtracting them from HST collected on sales, the Quick Method allows HST payable to be calculated based on a percentage of sales.

It is important to manage legal risk for NPOs. For these Not-for-Profit organizations (NPO), there are often many requirements and guidelines to follow. Especially regarding funding and leadership. To ensure compliance, your organization's board and senior management must conduct regular legal check-ups. This will ensure proper due diligence and prevent costly mistakes and avoid exposure to legal liability. According to Carters Professional Corporation, the following 10 tips identify key issues that charities and NPOs should address for effective legal risk management.      

Some people may find it surprising that RLB offers Human Resources Consulting. We know you’re working towards creating the best organization you can, and RLB is there to help every step of the way.   

The new year is synonymous with resolutions. The early days of a shiny new year are filled with positivity and declared change. While some may balk at the concept, creating healthy habits may just be the thing your team needs to excel in 2021.