Making the shift from remote work back to a physical workplace may be a source of anxiety for employees and employers alike. What will the new work environment look like? And how will workers be kept safe from COVID-19? Part of Canada’s economic recovery involves returning to physical workspaces. Safely […]
Capacity for More Billable Hours
As you take on additional team members or larger bookkeeping tasks as your business expands, necessary tasks like payroll and filling various tax forms can consume a lot of time and impede on the goals that you would like to work towards as a business owner. Although it is an […]
Québec Payroll Taxes: The 5 Employee Taxes Cheat Sheet
Taxes are an inevitable part of being an adult. Whether you’re an employee working for a business or an employer yourself, you have to pay taxes. Of course, location will always affect the taxes you pay and the regulations you have to adhere to. For those who live in Québec, […]
Hiring Your First Employee – Employers In Quebec
As a business in Canada, hiring your first employee involves the Canada Revenue Agency (CRA). If your business is based in Quebec, you’ll need to get familiar with Revenue Quebec. Especially if you’re planning on hiring your first employee. So let’s break it down. Register Your Business With Revenu Quebec […]
Understanding Buy-Sell Agreements
Let’s paint a picture together, shall we? After years of work and hustle, you and your co-owner have created a successful business together. You’ve achieved all that you sought out to do. Sales are sound. You have employees you can depend on. All seems well. But suddenly – because life […]
Hiring Your First Employee – Annual T4 / RL-1 Reports
You’ve hired your first employee, set them up on a progression plan, and they’re thriving in your small business. Great work! Next, you’ll be responsible for reporting your employee’s income to the government. Enter the T4 (and possibly the RL-1) slip. T4 slips and tax season in general often brings […]
Hiring Your First Employee – Onboarding and Setting Up Payroll
After searching long and hard for the right employee, you’ve found “the one.” You’ve made the offer, they’ve accepted, and now you need to think about the onboarding process. From first day processes to setting up payroll, an effective onboarding process is essential – it sets the foundation for your […]
Payroll Deduction Remittances in Canada: The Easy Employer Cheat Sheet
Let’s face it – we all know our net income is a whole lot less after the Canada Revenue Agency takes its piece of the pie. Part of that loss concerns payroll deduction remittances in Canada. As an employee, you want a breakdown of Revenue Canada payroll deductions and as […]
How to Sell Payroll-As-a-Service and Create an Additional Revenue Stream for Your Bookkeeping / Accounting Practice
If you’re a business owner who is already providing financial services to your clients or maybe you’re considering offering financial services such as accounting or bookkeeping then payroll might be a perfect add-on service that can help you to create an additional revenue stream for your business. Here’s what you […]
5 Payroll Tax Tips for Small Businesses from Famous TV Shows
Like Tony on The Sopranos, the CRA, too, Wants its Money As a small business owner, watching TV can sometimes feel like a waste of productive time. That’s especially so if you’ve ever been forced to watch an episode of Love Island or The Bachelor. But amidst the visual cesspool […]
You must be logged in to post a comment.