Year End Survival KITs
Keep It Together this year-end with these handy tips and resources.
We’re living in a time when some of our daily vocabulary includes words like self-care, meditation and mindfulness. It’s no surprise that wellness has become a new trend, but how do we shift our wellness from a trend to a daily practice? My journey from burnout to wellness. I didn’t think much about these terms […]
FUTA: What Is It And What Are The 2022 Rates?
Does dealing with taxes ever feel like living in a world of acronyms? We think so, too, but don’t worry, we’ll break this one down for you. FUTA stands for Federal Unemployment Tax Act, and if you’re an employer in the United States, you’ll want to keep this one on your radar. It’s an employer-paid […]
Have No Fear, Here’s How to Avoid a PIER This Year!
In my experience, the most feared year-end document is the Pensionable and Insurable Earnings Review (PIER). Unfortunately, that’s because it tends to make payroll professionals or employers feel like they’ve done something wrong. Don’t worry, the PIER is just a simple review process to understand why there could be differences between the Canada Pension Plan […]
Setting Your Tax Year Up for Success [Webinar Recap]
Tax season: Universally regarded as the polar opposite of birthdays on the fun scale. While it’s not the most enjoyable process, it’s critical that small businesses dot their i’s and cross their t’s on payroll year-end tax documents to avoid getting on the Canada Revenue Agency’s (CRA’s) naughty list (aka, a PIER review). Our Community […]
What You Need To Know About Tax Form Amendments And PIER Reports
Introducing tax form amendments and PIER reports. Tax form (T4, T4A and RL-1) amendments and Pensionable and Insurable Earnings Review (PIER) reports are probably terms you’ll hear a lot of at this time of the year. In their own ways, these are all about ensuring that the numbers you’ve submitted during your year-end filing for […]
Ways to Fight the Winter Blues
Isolation, particularly during the winter season, has been proven in psychological studies to have detrimental impacts on people’s mental health, including insomnia, fear, tension, depressive symptoms, irritability and emotional tiredness. With all of this in mind, it’s more crucial than ever for small business owners to take care of their mental health, and those of […]
Don’t Be Haunted By Payroll Errors This Year-End
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, […]
A Closer Look At The Amounts On The W2 And 1099 Tax Forms
Starting with tax year 2020, Form 1099-MISC (Miscellaneous Income) has been replaced with Form 1099-NEC (Nonemployee Compensation). Employers no longer need to report non-employee compensation, such as payments to independent contractors, on Form 1099-MISC. Read for more information on the difference between Form 1099-NEC and Form 1099-MISC. Diving into W-2s and 1099s. It’s almost the […]
A Canadian Small Business Employer’s Guide to T4s, T4As and RL-1s [Checklist Included]
T4s, T4As and Relevés — what do they have in common, other than the fact that T4A and Relevé rhyme? Or, that you could easily refer to these things as “T4-ehs?” for all the confusion they cause. Don’t worry, this article will help answer some of your most burning questions about T4s. 🔥 What are said T4s, […]
How to Guarantee a Smooth Payroll Year-End in 8 Easy Steps
Year-end is approaching quickly and it’s usually at this time of the year when that perfect relationship with your payroll company can go downhill because minor discrepancies weren’t caught or fixed in time. But it doesn’t have to be that way — we’ve got you covered with these eight easy steps that will guarantee a year-end that […]