Reliable Accounting Solutions

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Reliable Accounting Solutions

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Reliable Accounting Solutions offer expert financial services aimed at supporting businesses and individuals in managing their accounting and taxation needs effectively and accurately

09/28/2026

🚨 ACCOUNTING MISTAKE MONDAY — WEEK 6

📅 MISTAKE #6: WAITING UNTIL T2 TIME TO THINK ABOUT TAXES

Many business owners wait until their corporate tax return is due before looking at their tax position.

But tax planning should happen throughout the year — not just at year-end.

❌ WHY THIS CAN BECOME A PROBLEM

* Unexpected corporate tax balance 💰
* Limited time to plan before year-end
* Missed opportunities to organize eligible expenses
* Cash-flow surprises
* Poor timing of owner/shareholder transactions
* Financial decisions made without knowing the tax impact

✅ THE BETTER APPROACH

Make tax planning part of your regular business routine:

📊 Review financial performance
💰 Monitor estimated tax exposure
🧾 Keep business records organized
👤 Review owner/shareholder transactions
📅 Plan before year-end
📈 Make informed business decisions

💡 DON’T WAIT FOR THE T2 TO TELL YOU WHAT HAPPENED.

Understand your numbers before year-end so you have time to plan.

📩 DM “TAX PLAN” for a corporate tax planning review.

Reliable Accounting Solutions® (RAS)
📞 204-908-0455
🌐 rbaccountings.com

09/21/2026

🚨 ACCOUNTING MISTAKE MONDAY — WEEK 5

💰 MISTAKE #5: MISMANAGING OWNER & SHAREHOLDER TRANSACTIONS

Taking money in or out of your corporation? Make sure it is recorded correctly.

Owner and shareholder transactions can include:

💵 Withdrawals / Drawings
🏦 Shareholder Loans
💰 Capital Contributions
📈 Dividends
💳 Personal expenses paid by the corporation

❌ WHY THIS CAN BECOME A PROBLEM

Incorrectly recording these transactions can:

* Distort your financial statements
* Misstate shareholder loan balances
* Create unexpected tax consequences
* Make your corporate records difficult to reconcile
* Cause problems when preparing the T2 and related tax reporting

✅ THE BETTER APPROACH

Every transaction should be properly identified and recorded based on what actually happened.

Don’t simply code every amount taken from the business as a “business expense.”

📊 Clear shareholder records = clearer financial statements + better tax reporting.

🟠 NOT SURE HOW YOUR SHAREHOLDER TRANSACTIONS ARE RECORDED?

📩 DM “SHAREHOLDER CHECK” and RAS can review your bookkeeping setup.

📞 204-908-0455
🌐 rbaccountings.com

09/14/2026

🚨 ACCOUNTING MISTAKE MONDAY — WEEK 4

👥 MISTAKE #4: PAYROLL SET UP INCORRECTLY

Paying yourself or your employees? Payroll isn’t just about sending a paycheque. 💰

A payroll mistake can create:

❌ Incorrect payroll deductions
❌ Incorrect remittances
❌ Problems with employee records
❌ Year-end T4 issues
❌ Unexpected amounts owing
❌ CRA compliance problems

✅ THE BETTER APPROACH

Make sure your business has:

✔️ The appropriate payroll account
✔️ Correct CPP & EI deductions
✔️ Correct income-tax withholding
✔️ Accurate payroll records
✔️ Timely remittances
✔️ Proper year-end reporting

🟠 DON’T LET A PAYROLL MISTAKE BECOME A YEAR-END PROBLEM.

RAS can help you set up and manage your business payroll properly.

📩 DM “PAYROLL CHECK” for a payroll review.

📞 204-908-0455
🌐 rbaccountings.com

09/07/2026

🚨 ACCOUNTING MISTAKE MONDAY — WEEK 3

🧾 MISTAKE #3: FORGETTING GST/HST IMPLICATIONS

You made a sale. 💰
You collected GST/HST.
But did you record it correctly?

Forgetting GST/HST can lead to:

❌ Incorrect bookkeeping
❌ Incorrect GST/HST returns
❌ Unexpected amounts owing
❌ Missed input tax credits
❌ Cash-flow surprises
❌ CRA compliance issues

✅ THE BETTER APPROACH

Keep track of:

🧾 GST/HST collected
💳 GST/HST paid on eligible business purchases
📊 Net GST/HST position
📅 Filing deadlines
📁 Supporting records

Don’t wait until tax time to discover your GST/HST records don’t add up.

🟠 RAS CAN HELP

Need a GST/HST check?

📩 DM “GST CHECK” and let’s review your bookkeeping setup.

📞 204-908-0455
🌐 rbaccountings.com

08/31/2026

🚨 ACCOUNTING MISTAKE MONDAY — WEEK 2

MISTAKE #2: Treating Shareholder Withdrawals as Business Expenses

Taking money out of your corporation for personal use does not automatically make it a business expense.

For example, if a shareholder withdraws $5,000 from the corporate bank account for personal purposes, recording it as an expense can misstate the company’s profit and financial statements.

Instead, the transaction may need to be properly recorded as a shareholder withdrawal, shareholder loan, salary, dividend, or another appropriate transaction, depending on the circumstances.

⚠️ Why does this matter?

❌ Incorrect business expenses
❌ Misstated profit
❌ Incorrect shareholder balances
❌ Potential tax consequences
❌ Problems during year-end accounting and tax preparation

Not sure how your shareholder withdrawals should be recorded?

📩 DM “CHECK” and let RAS review your situation.

📞 204-908-0455
📧 [email protected]
🌐 rbaccountings.com

08/28/2026

💡 INCORPORATED ≠ FINANCIALLY ORGANIZED

Let RAS help you build the right accounting foundation from Day 1.

🟠 RAS NEW CORPORATION STARTER PROGRAM

✔️ Bookkeeping setup
✔️ GST/HST guidance
✔️ Payroll setup
✔️ Shareholder account review
✔️ Corporate tax planning
✔️ Monthly bookkeeping
✔️ Financial statements
✔️ T2 corporate tax preparation

Just incorporated?

Don’t wait until tax time to discover something was set up incorrectly.

👉 DM “INCORPORATED” for a New Corporation Accounting Check-In.

Reliable Accounting Solutions

📞 204-908-0455
📧 [email protected]
🌐 rbaccountings.com

Bookkeeping • Payroll • Tax • GST/HST • Corporate Accounting

08/24/2026

🚨 ACCOUNTING MISTAKE MONDAY — WEEK 1

🚨 MISTAKE #1: MIXING PERSONAL & BUSINESS EXPENSES

Using your business account for personal purchases — or your personal account for business expenses — can create more problems than you think.

❌ Difficult-to-track expenses
❌ Inaccurate financial statements
❌ Unclear business profitability
❌ Complications when preparing your tax return
❌ Extra bookkeeping work and potential compliance issues

✅ THE BETTER APPROACH:
Keep your business and personal transactions separate and maintain clear records.

📊 Not sure if your books are properly organized?

Send RAS “CHECK” by DM for a 10-minute accounting check-in.

At Reliable Accounting Solutions, we help you keep your numbers organized so you can focus on growing your business.

📞 204-908-0455
📧 [email protected]
🌐 rbaccountings.com

08/21/2026

💰 RAS Tax Savings Review

Before you file, let’s see what opportunities you may be missing.

Don’t just file your taxes. Review them first.

Before we prepare your tax return, RAS can review areas such as:

* 💼 Business & employment income
* 🏠 Home-office expenses
* 🚗 Vehicle & mileage expenses
* 🧾 Eligible business expenses
* 💰 RRSP contributions
* 👨‍👩‍👧 Family-related credits
* 🏢 Corporate vs. personal tax considerations
* 📊 GST/HST considerations
* 📅 Previous-year tax opportunities

📞 Book your Tax Savings
Review today.

Reliable Accounting Solutions — More than tax preparation. We help you plan.

08/20/2026

Your Business Health Check

📊 Your books are more than numbers — they tell you how healthy your business really is.

At Reliable Accounting Solutions (RAS), we go beyond bookkeeping.

Our Monthly Business Health Check helps business owners understand:

✅ Profit & profit margins
💰 Cash flow
🧾 GST/HST
👥 Payroll & remittances
💵 Accounts receivable
👤 Owner/shareholder withdrawals
📅 Tax exposure
⚠️ Potential financial red flags

And most importantly — what you should do next.

Think of it as a monthly financial check-up for your business.

Don’t just know your numbers. Understand them. Use them. Grow from them.

📞 204-908-0455
📧 [email protected]
🌐 rbaccountings.com

08/18/2026

💰 We Saved a Client $1,500 on Their Taxes!

Did you know your work-from-home expenses may help reduce your taxable income?

One of our clients wasn’t sure which home-office expenses they could claim. After reviewing their situation and properly calculating the eligible work-from-home expenses, we helped reduce their tax liability by approximately $1,500. 🎯

🏠 Home office expenses
📱 Utilities & eligible costs
📊 Proper calculation & documentation
💰 Potential tax savings

Don’t leave eligible deductions behind.

At Reliable Accounting Solutions (RAS), we help you identify legitimate tax deductions and make sure your return is prepared accurately.

📩 Message us today for a tax review.

Address

Brandon, MB

Website

https://www.rbaccountings.com/

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