The holidays recently passed and one of the most common errors I see around this time of year are taxable benefits not being properly recorded for payroll. At first, it may seem like an innocent mistake. But — the ripple effect can be. . .
Did you know that 90% of employers who opt out of professional payroll services and attempt to do it themselves in-house, do it incorrectly? This is due to a lack of understanding the difference between taxable and non-taxable benefits. To help. . .
KB Accounting Services Inc. ’s Payroll Business Service will make sure your company’s payroll is meeting requirements set out by the Government of Canada by ensuring all necessary paperwork is filled out—including mandatory TD1 forms for all. . .
Imagine this: at the end of the month an employee reports an incorrect paycheque, the CRA says you owe extra taxes, and you lose a big client because you just couldn’t make enough time for them. What’s one easy solution to all of these problems? . . .