RLB Blog

A compilation engagement (previously referred to as a notice to reader) will be going through some changes this year. This is the first time in over 30 years that the Auditing and Assurance Standards Board has issued a new standard. For those who manage a business and engage a practitioner to compile your financial information, these changes should be taken note of.

Drive your Employee Engagement through Performance Feedback Effective performance management is essential to a business. It is critical to an employee’s personal development to implement effective performance management processes. Performance management encourages communication, pinpoints strengths, and builds long-lasting work relationships. Providing comprehensive feedback allows your employees to achieve their greatest potential which, as a result, increases productivity.

February 1st is National Get Up Day. This gives us an opportunity to share inspiring stories of perseverance. It reminds us to pick ourselves up when we have fallen and give it another try. In our new normal, one of our biggest challenges can be working effectively from home while still feeling connected to your co-workers. Many of these trials could be parents with young children having to take on the role of teacher or dealing with a demanding and affectionate officemate (yes, I am talking about my cat).

After two years in lockdowns, red zones and face masks, the Ontario government will be providing a “Staycation” Tax Credit for 2022. The aim of the tax credit is to encourage Ontario residents to explore the province and boost the tourism and hospitality sectors financially from the pandemic. This can be viewed as a less risky alternative to travelling outside of Canada. The tax credit is estimated to provide $270 million in support to 1.85 million Ontario families.

It is the start of a new year and RLB is thrilled to share the news of the advancement of three of our team members within the organization. We are excited to welcome these strong, talented women into leadership positions within RLB and look forward to their contributions to our team.  

RLB passionately believes that our people and our communities count. In a time like no other, we recognize that more families than ever are living with moderate to severe food insecurity. In this season of giving we made feeding our neighbours a priority. 

Budgeting: Should last year’s surplus be used to fund a pet sanctuary? It’s that time of year again for the Annual General Meeting (AGM) and then comes the process of forming next year’s budget.

After nearly 4 decades in public accounting, it is with tremendous respect and gratitude that we announce the impending transition of Bruce Robinson from partner to associate as a preliminary stage of his retirement.  

On November 24th Bill C-2 was introduced to Parliament to implement the new subsidy programs announced in October. This bill included the following supports for businesses:

November 14th marks the beginning of Fraud Awareness Week. Are you or your business vulnerable to fraud? What is it and what should you look out for? Let’s take a look at the “Fraud Triangle”.