Accounting, Bookkeeping, Income Tax Preparation, And Consulting Forum

When Employees Must Receive Their 2010 Slips If you are an employee, businesses are supposed to prepare and file the necessary slips and provide or mail their employees these slips prior to or postmarked by February 28, 2011. Because some mail their slips at the last minute, employees may not receive the slips until the first week of March. However, T3, T5013, and T5013A slips do not have to be sent before the end of March so you may want to wait until April 1st before you bring all of your slips to your accountant, or file your 2010 Income [More]

It’s that time of the year again. Employers have to prepare and file T4’s, and other reporting slips, with Canada Revenue Agency by the end of February each year to be compliant. Employees, on the other hand wish to receive their T4’s as soon as possible, because if there is a chance to file their income tax returns early and get a hefty tax refund – they can use the cash to pay off some bills. Somehow, by splitting this difference between employee wants (January 1st) and employer deadlines (February 29th) .. middlemen such as myself come into play usually [More]

HOW TO PROPERLY PLACE NEW EMPLOYEES 1. Put 400 bricks in a closed room. 2. Put your new employees in the room and close the door. 3. Leave them alone and come back after 6 hours. 4. Then analyze the situation:

I have many clients who have automated payroll services. By using the word “automated”, I mean specifically: * Companies who use payroll services like Ceridian Canada etc. * Companies who have accounting software with a Payroll Module and pay for periodic and/or annual updates But, I also have many clients that are just single owner/shareholders or small businesses that only have 2-5 employees and find that that it is too costly to keep paying for an updated payroll service or hire a company like Ceridian. Here is what I suggest that my clients do Let’s face it .. I would [More]

I was scanning my bloglines, as I usually do each night .. and found something VERY interesting … I don’t know why Brian turned off his comments on his blog .. so I couldn’t go over there and comment about how amusing I thought this was! Source: Brian Tankersley, CPA, CITP blogs on Technology and Accounting Matters Article: Viral Marketing Hits The Accounting World You know you love them, even if you won’t admit it publically. Elf Bowling. Joe Cartoon. The Jib-Jab video of Kerry and W singing “This Land is Your Land”. Yes, they’re silly, but they are fun. [More]