RTB Consulting
3 -9718 Menzies Street V2P 5Z7 Chilliwack, BC, Canada

There's an unprecedented amount of new financial support being offered to Canadian businesses, and the most recent measures will be incredibly valuable! Here's a brief breakdown: Increased wage subsidy 75% of wages Backdated to March 15th... Companies of ALL sizes are eligible GST/HST Payments deferred until June 30th New, easy loans to boost cash flow $40,000 per business Interest-free first year 25% will be forgivable If you need help making use of these incredible help measures, please don't hesitate to reach out at [email protected] or call (778) 860-6141! You can find more details about these new government measures here: https://www.rtbconsulting.com//update-on-new-canadian-econ

Theres an unprecedented amount of new financial support being offered to Canadian businesses, and the most recent measures will be incredibly valuable! Heres a brief breakdown: Increased wage subsidy 75% of wages Backdated to March 15th... Companies of ALL sizes are eligible GST/HST Payments deferred until June 30th New, easy loans to boost cash flow $40,000 per business Interest-free first year 25% will be forgivable If you need help making use of these incredible help measures, please dont hesitate to reach out at [email protected] or call (778) 860-6141! You can find more details about these new government measures here: https://www.rtbconsulting.com//update-on-new-canadian-econ

Today, the Canadian government announced a proposed legislation to establish the Canada Emergency Response Benefit. Go to https://www.rtbconsulting.com//breakdown-of-the-new-canada for a breakdown of this new benefit and what it means to employers and employees. Otherwise, heres a brief summary: $2000 per month for up to 4 months for workers affected by COVID-19, including self-employed and contract workers.... Apply through online portal from beginning of April Benefits will be paid out within 10 days of applying Also applicable to employees who are still working but not receiving income due to COVID-19 See more

The Canadian government recently announced additional relief for individuals and families, such as an increase to the GST Credit and Canadian Child Benefits. In order to receive this financial support, you need to have filed your 2019 tax return with the CRA. . We can receive, return and file your tax return electronically and have any consultations you may require over the phone or through video calls, so you dont even have to leave your own home! . For any amounts owin...g to CRA, you will still have until August 31st to make payments. . Contact us through our website or give us a call at 778 860 6141 to book an appointment! See more

In these interesting times, we see new federal and provincial updates and legislations related to the current COVID-19 situation on a regular basis. Were dedicated to help you navigate the vast ocean of new information and economic updates and help your business and your employees take advantage of all the financial support available and come out stronger on the other end. To help Canadian businesses and individuals, we will be posting regular updates relevant to the financi...al stability of individuals and businesses on our website. Go to: https://www.rtbconsulting.com/covid-19-updates

We have decided that given the current circumstances, our office will be closed to all in-person appointments until further notice. All scheduled and future appointments will be conducted by phone or video, and all our other activities will otherwise continue as normal!

Yesterday we sent out an email to all our clients with the key points of the Canadian governments recent COVID-19 Economic Response plan. Heres a quick breakdown of that: . Individuals: Tax return due date pushed to June 1, 2020. .... Tax payments pushed to August 31, 2020. . One-week waiting period for EI waived for Canadians who are sick or forced to stay home. . Emergency Care Benefit for workers and those self-employed who do not qualify for EI benefits. . Changes to EI Work Sharing Program for workers who agree to reduce normal working hours. . Additional GST credit for low/modest income individuals. . Increased Canada Child Benefit payment amounts. . Emergency Loan Program for Canadians Abroad. . Six-month interest-free suspension of repayment of Canada Student Loans. . Reduced minimum withdrawals from Registered Retirement Income Funds for 2020. . Up to 6 months of payment deferral for mortgages. . Businesses: Tax payments pushed to August 31st, 2020 on amounts owing on or after March 18th, 2020. . CRA Audit Activity suspended for the next four weeks. . Payroll subsidies for small businesses. . Business Credit Availability Program . OSFI Domestic Stability Buffer lowered See more

In these times of social distancing, were more than happy to offer tax consultations over the phone or video. We will receive and return your tax returns electronically, so you can have your taxes done without leaving the comfort of your own home! . We can also do any other kinds of meetings and consultations by phone or video, and are still open for in-person appointments for those of you who enjoy the change of scenery.

Tax season is here, and wed be more than happy to help you get the most out of your return! We handle Canadian tax clients all over the country, and whether youre single and employed or married with your own small business - well work hard to give your return the attention it deserves. Give us a call at 778-860-614, send us a messsage or go to https://www.rtbconsulting.com/contact-us to book an appointment!

Its a new year, and a time where many choose to set goals for the times ahead. Most of us realize that setting goals is a big part of developing a successful business, but many business owners fail to create plans for achieving their goals. Whatever your goals are for the year ahead, big or small take time to think about the steps you have to take to achieve them, and create an action plan. If you need help with working out your business goals or with creating a solid plan for achieving them, get in touch with us for a no commitment conversation and lets see where we can help!

Merry Christmas from the team at RTB! Thanks for a great year and all the best in 2020!

Had our company Christmas dinner last night to celebrate a great year! Looking forward to whats in store for 2020, and to follow the development of all our clients! Heres to a successful new year for everyone, with lots of new meaningful relationships!

Had a great time presenting at BNI Fusion this morning! I always enjoy getting together with energetic entrepreneurs and share ideas and referrals!

As business owners, its good to regularly reflect at where we are today and where were headed. We may be coasting by, but are we really doing what we need to do to get to the life we want to live and the business we want to own? Which is our most profitable product or service, and what should we really promote and focus on? Knowing your numbers is one of those foundational principals that each entrepreneur must possess. Without this, its kind of like shooting at targets in the dark. Yeah we might hit something here and there, but more than likely it wont be the bullseye. Instead, well end up wasting a lot of effort and precious time in the process.

As a small or medium sized organization, you may not have the resources available to hire a senior finance resource, despite needing access to that level of expertise. A Virtual CFO can provide the level of expertise you need as a part-time contracted asset, and will work with you to manage and build your business by ensuring that your financial resources are well taken care of and available when you need them. Click the link below to read the rest of this short article and ...learn about some of the top reasons why you might consider hiring a Virtual CFO. https://www.rtbconsulting.com//top-5-reasons-to-hire-virtu

Day 1 of my week-long break from the office. Were enjoying the hot springs and beautiful scenery of Iceland for a couple days before heading on to Norway! . I have to admit, Im not always the best at relaxing while away from the office, but this has been a pretty awesome experience so far. It also feels good to know I have a great team taking good care of our clients back home!

Were excited to announce something new and powerful for our Virtual CFO clients coming towards the end of the year! Stay tuned..

When doing something thats new to you, its easy to become so scared of not doing everything right that you cripple your own progress with "safe" decisions or idleness. . Being mindful is good, but at a certain point youll have to fail faster to succeed faster.

Are you having difficulty handling the whole backend of your business while trying to grow and deliver on the front end? Maybe youre at the point where youve outgrown your systems and need something that can sustain your growth, or perhaps you just need someone with an outside perspective. Whatever your needs are, we can help you with the solution that works best for you! Want to learn more? Go to https://rtbconsulting.com

First day back at the gym in many months! Its very easy to make up excuses for not having time to exercise, especially when times are particularly hectic. . However, a healthy body and mind is much more capable of handling high amounts of work, so the ROI makes it a no-brainer, really. . When it comes to prioritizing my time and tasks, personal health is one of those things that should and will be non-negotiable. ... . (No muscles were pulled in the creation of this post.) - Rob See more

When running a business, some opportunities dont always come as you expected. Those are the times you just have to get your feet wet!

Were really happy to have been picked for Three Best Rateds top 3 accounting firms in Chilliwack! @threebestrated_insta

One of the most important questions you should consider when starting a new business or expanding your current operations is "Do I need to incorporate?". Generally, youll have the choice between structuring as a Sole Proprietorship or a Corporation. Its impossible to give "one size fits all" advice regarding business structuring, but there are a few guidelines you can follow to determine what could best fit your needs. Click the link below to read the full article and get some valuable insight to the pros/cons of structuring as a corporation vs a sole proprietorship. https://www.rtbconsulting.com//corporation-or-sole-proprie

This article is very pertinent to small business owners, and I bet most of you can relate to these causes for everyday stress! Which solutions are you using, and how has doing so improved your work life? https://www.entrepreneur.com/article/337726

"We grow fearless when we do the things we fear." - Robin S. Sharma"We grow fearless when we do the things we fear." - Robin S. Sharma

When it comes to creating a budget, its essential to estimate your spending as realistically as possible. Here are five budget-related errors commonly made by small businesses, and some tips for avoiding them. 1) Not Setting Goals. Its almost impossible to set spending priorities without clear goals for the coming year. Its important to identify, in detail, your business and financial goals and what you want or need to achieve in your business. 2) Underestimating... Costs. Every business has indirect or incidental costs that dont always make it into the budgetfor whatever reason. A good example of this is buying a new piece of equipment or software. While youve probably accounted for the cost of the equipment in your budget, you may not have remembered to budget time and money required to train staff or for equipment maintenance. 3) Forgetting about Tax Obligations. While your financial statements may seem adequate, dont forget to set aside enough money for tax (e.g. sales tax, payroll tax etc.) owed to province/state, local, and federal entities. Dont make the mistake of thinking this is "money in the bank" and use it to pay for expenses you cant really afford, or worse - including it in next years budget and later finding out that you dont have the cash to pay for your tax obligations. 4) Assuming Revenue Equals Positive Cash Flow. Revenue on the books doesnt always equal cash in hand. Even though youve closed a deal, it may be a long time before youre paid for your services and the money is in your bank account. Its often easier said than done, but dont spend money that you dont have. 5) Failing to Adjust Your Budget. Dont be afraid to update your forecasted expenditures whenever new circumstances affect your business. Several times a year you should set aside time to compare budget estimates against the amount you actually spent, and then adjust your budget accordingly. If you need help setting up a budget to meet your business financial goals, feel free to reach out!

Creative solutions and personal service that delivers results and peace of mind. https://rtbconsulting.com

Tax Plan Strategies simplified. Contact us for your free tax assessment!

Good times as QuickBooks Connect Toronto. With 3.6 million QBO users, they are definitely leading the pack.

QuickBooks Conference Toronto.

Proposed Tax Changes Effecting Your Passive Investment Check out the link below for more details on this. https://tgam.ca/2kQ2B3T

Ever wondered how much your Accounts Receivable Management truly costs? Check out the link below to see some of the things you might have not considered. https://www.rtb-consulting.ca//FELIS-EGET-VELIT-ALIQUET-SA

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