Monthly Archives: November 2018

Payroll Yearend is coming

Here are a few ideas to make your payroll year end easier:

• Are you missing any information for your staff – to complete T4s you need to have SINs and current addresses for every employee (current or past) who worked for you during the year.
• Payments to staff outside of the payroll system need to be added to the T4’s before the year ends in case there are any CPP, EI or taxes owing. This will also prevent late penalties and Pensionable and Insurable Earnings reviews from CRA.
• TD1’s should be reviewed and especially for staff claiming amounts above the basic on their TD1 or have extra tax deducted, be sure the staff review their forms and they are up to date for the new payroll year in January.
• Taxable Benefits not tracked in the payroll system be sure to get advise on how to deal with these.

If you are managing your own payroll – we can help you with any of these and other payroll related issues.
Greg Libbrecht – Platinum Books & Five Star Accounting

CRA Bizapp

Good Afternoon

If you did not know Canada Revenue Agency has an app CRA BizApp.  The CRA BizApp is a mobile web app for small business owners and sole proprietors. It lets you manage your business accounts securely, anytime and anywhere. CRA BizApp is available on the go, and on any mobile device with an Internet browser.  The app is not on the app stores.

Simply complete a google search by entering CRA BizApp and you will be able to log in using your CRA login – CRA user ID and password.

Take a moment this weekend to remember our veterans.  As a reminder, our offices are closed Monday November 13, 2018

Greg Libbrecht, President, Platinum Books and Five Star Accounting