Blog
BREAKING: Too many ducks in a row at RHN CPA
Nov. 28, 2023 – The accountants, bookkeepers and administrators at RHN CPA are known for their incredible organizational skills and ability to get paperwork in order for their clients, but it seems that their keen attention to detail has attracted a mysterious group...
New Reporting Requirements for Trusts in Canada – What You Need to Know
Starting December 31, 2023, significant changes are being made to Canada's reporting requirements for trusts. Here's what you need to know about these changes and how they may affect your trust. Who needs to file One of the key changes is that more trusts are now...
Winery Accounting 101: How to Properly Value Your Inventory for Long-Term Business Success
A lot goes into owning and operating a winery. There’s the growing or sourcing of grapes and products to resale, the staffing, the branding and marketing, the customer service and more. If you’re managing all that, the last thing you want to think about is accounting....
How to get your CPA in BC
Are you considering a career in accounting or finance? If so, becoming a Chartered Professional Accountant (CPA) might be the ideal path for you. CPAs are highly regarded professionals in the world of business and finance, and earning this designation can open doors...
You’ve been named as an executor in a Will—when should you hire an accountant?
Losing a loved one is never easy, and the legal and financial processes that follow can add to the stress of an already difficult time. As an executor of someone’s Will, you have a number of important responsibilities. Hiring an accountant to assist will save you...
Meet the People-Person Accountant: Addressing the Internet’s Misconceptions About the Accounting Profession
When you think of an accountant, what comes to mind? If images of solitary figures hunched over spreadsheets in dimly lit offices pop into your head, you're not alone. We ran a report of some of the most frequently searched questions on Google about the accounting...
Three common accounting mistakes startup companies make and how to avoid them
We started RHN CPA because we love accounting. But if that wasn’t the primary reason you started your business, we wouldn’t judge you. In the excitement of building a startup, it’s easy to overlook accounting details in favour of the more exciting (and often more...
How Client Services Accountant Tina Kwon turned uncertain circumstances into a fresh start
2021 was not a particularly great year to graduate university. A global pandemic had hit, the future of the workforce was up in the air and in-person celebrations were canceled. But none of that phased Tina Kwon, who had just graduated from UBC with a science degree....
RHN CPA helps Senior Accountant David Bellew balance his love of people with his love of numbers
RHN’s Kelowna office houses a small and intimate team. That’s part of what makes it the perfect place for David Bellew, a senior accountant with a love for people, service and community building. “The team here is passionate about the community they serve,” says...
Accounting feels like home, RHN feels like family for Client Services Accountant Eleanor Wong
When Eleanor Wong was deciding what she wanted to pursue as a career, she knew one thing for certain—she didn’t want to be an accountant. “My family is full of accountants,” Eleanor explains. “Plus, the idea of working in an office cubicle seemed unmotivating to me.”...
Estate Returns: What Executors Need to Know
As an executor of a deceased person’s estate, you are responsible for filing any necessary estate returns with the CRA. When a person passes away, their estate becomes a separate legal entity for tax purposes. This is separate from a terminal or final return, which...
Terminal returns: what executors need to know
If you’re responsible for administering the estate of a deceased individual, you’ll need to file a terminal tax return in their name. In this article, we discuss what a terminal return is as well as why, when and how an executor needs to file it in order to avoid...