RLB Blog

It’s that time of year again; T4 Season!  2022 T4 slips are due to be handed out to employees by February 28, 2023.  The penalty for failing to distribute T4 slips to recipients is $25 per day for each such failure, with a minimum penalty of $100 and a maximum of $2,500.

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.

One month after the last minimum wage increase the province has announced that they would like to increase it again.  On October 1st the minimum wage increased to $14.35 per hour.  The proposed changes would see this increased to $15.00 per hour on January 1, 2022.  The Ontario government has stated the reason for the increase is to keep up with the cost of living that has increased considerably during the pandemic.

Cheers to making the “April 30th deadline”! So… now what? Now it’s a “choose your own adventure” based on your situation. 

Many users of QuickBooks Online (QBO) are familiar with the standard browser-interface of this popular cloud accounting software. Intuit Inc. provides some useful quick tutorials on navigation and carrying out basic functions on their website. What many are not familiar with and seems to be under-utilized is the QBO Mobile App, that is, yes, free with a QBO account (but still subject to your mobile/Wi-Fi data limits, of course). While it doesn't offer all the features of the browser-based or desktop-app versions (for instance, you won't be able to reconcile your accounts or file your sales tax), the app provides users with simple on-demand access to the most-used features of their accounting software.  A simplified interface gives you most of what you need while out in the field doing what you do best - making deals and selling your brand!

We are proud to announce that Maggie Kurtz and the Ariss Bookkeeping team have joined RLB.

Have you heard? Everyone has probably heard about increases to the minimum wage in Ontario. There is currently one set increase this fall and two further increases proposed by the Ontario government. The plan is to have the increase phased in over the next two years. Here is what you need to know: