Accounting & Bookkeeping

Payroll automation systems are the superhero many finance teams don’t realize they need. Imagine you could recycle all those time-consuming hours spent sweating over intricate spreadsheets, panicking over whether your formulas are up to date and if you’ve remembered to account for tax. Picture yourself getting it all done within a few button clicks, confident […]

Offering bonuses is a great way to reward and retain top talent—but it often comes with questions from employees about why so much is withheld for taxes. As an employer or payroll service provider, understanding bonus tax in Canada allows you to answer those questions confidently, ensure compliance, and even optimize how bonuses are processed […]

When it comes to protecting your personal and business information, there are a number of approaches to get the job done. For example, simple solutions like updating your password to be more complex or reviewing payroll reports can help you prevent fraud and catch suspicious activity on your account before it’s too late. At Wagepoint, […]

Yoogs Inc. is a bilingual Québec-based accounting and bookkeeping practice that likes to keep things super simple for themselves and their clients. They know their clients just want to run their business, so they help by taking the bookkeeping work off the table via easy peasy, paperless applications online. It’s not just about a simple […]

You’re going to make it out of tax season alive. That’s a statement, not a question. To achieve this, the first thing you need to do is be brutally honest with yourself. This prep-step will come in handy when the stress hits — and it will, in one form or another. Stay on top of […]

Welcome to your all-in-one resource for T4s! ‘Tis the season to fill out or generate these forms to hand off to the Canada Revenue Agency (CRA) and your employees, so we thought it’d be handy to have the information you’ll need in one place. Whether you’re doing so manually or using a payroll software like […]

Building your business with payroll — what does that mean and what does it look like for accounting and bookkeeping practices? Maybe it’s something that’s been on your mind, but you’re not sure where to start, or if it’s even the right step for you. In our recent webinar, hosted by Wagepoint Community Manager Bianca […]

Updated January, 2022. Together — income tax, federal taxes and provincial taxes — are all grouped under the bucket category of payroll taxes (employer taxes and/or source deductions).

While British Columbia (BC) has various legislation around taking time off, starting January 1, 2022, British Columbians will now be able to stay home if they have a personal and unexpected illness or injury. The good news is they won’t have to worry about it affecting their pay cheque! This comes after almost two (2) […]

Recently, we introduced our Year-End Survival KITs (KIT stands for Keep It Together) to small business owners and the accountants and bookkeepers who support them — but despite all the preparing you can do, we all still experience tough days from time to time. Even if you’re a member of the world’s friendliest payroll team. […]

Payroll can mean completing a lot of scary tasks for small business owners — like making the right calculations and filing taxes correctly and on time to the government. On top of that, consider needing to make corrections during a busy year-end season! Now that sounds like a real nightmare. As the old adage goes, […]

At the root of authentic relationships is mutual trust and an openness to learn and grow. In today’s digital world, the role of an accountant in the financial technology (fintech) space has changed. Accountants are no longer “just accountants.” You’re a strategic partner that clients, vendors and employees know they can trust to add value […]

There are few payroll tasks that feel as heavy and complex as having to let an employee go. It’s a critical time for any small business that requires an easy, fast and reliable process for generating a Record of Employment (ROE) so that employees can collect benefits quickly and employers can have the peace of […]

Quick Links Request the report Business resilience defined What the numbers and businesses say The 2021 Canadian Small Business Resilience Report. As we look back on the events of 2020 and the ongoing social and economic impacts, narratives will be dominated by the word “pandemic.” However, as our research has uncovered, conversations about the past […]

On January 27, 2021, Ian Vacin, Chief Customer Officer for Karbon, and Rachel Fisch, Strategic Advisor to Wagepoint held a webinar (online discussion) on the topic of “How compliance leads to advisory.” The truth is, you can’t have one without the other. Especially when it comes to small business payroll. As an accountant or bookkeeper, […]