If you currently work with freelancers or plan to in the future, you might find yourself having questions about paying freelancers, since taxes for freelancers look slightly different than for your in-house employees. Here are some things that you should know about when working with freelancers to help ensure that […]
7 Payroll Mistakes Small Business Owners Make That Hurt Efficiency
Small business owners know that positioning their business to operate in the smartest, most efficient way possible is paramount in creating sustained, long-term success — and at the heart of it, one of the biggest keys to success is efficiency. With that said, a common oversight that hurts a business’s […]
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 […]
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 […]
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 […]
Deducting Home Office Expenses During COVID
Across the country, Canadians continue to cope with COVID-19’s second wave and as a result, many employees are still working from home while others are back at home after a brief stint in the office. As well, a number of companies have already let employees know they’ll be home-based well […]
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 […]
Remittances: Send Them Away to the CRA
Annually, quarterly, monthly, biweekly, We love it when you close on time. 5 days prior, please end your period promptly, And we’ll send the funds over, down to the last dime. Remittances are a task that all business owners have to endure. No matter how big or small your […]
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