1 - 8 - 0 - 0 - H - A - R - T

This is Part (II) of two parts, because the original post seemed to be getting long. In Part (I), I had tried to identify some of the common difficulties that can arise and problems that can stir up during the bank reconciliation process. In this part, I will discuss ways in which I overcome each of those situations and provide you with some tips to help make reconciling your banks and cash accounts easier.

Reconciling - Computer Cheques

More →

I have many clients who have automated payroll services. By using the word “automated”, I mean specifically:

* Companies who use payroll services like Ceridian Canada etc.
* Companies who have accounting software with a Payroll Module and pay for periodic and/or annual updates

But, I also have many clients that are just single owner/shareholders or small businesses that only have 2-5 employees and find that that it is too costly to keep paying for an updated payroll service or hire a company like Ceridian.

More →

I was scanning my bloglines, as I usually do each night .. and found something VERY interesting … I don’t know why Brian turned off his comments on his blog .. so I couldn’t go over there and comment about how amusing I thought this was!

Source: Brian Tankersley, CPA, CITP blogs on Technology and Accounting Matters More →

As an employer, you have to remit employer payroll deductions (usually) every month by the 15th of the following month.

Payroll deductions include the Canada Pension Plan (CPP) contributions, the Employment Insurance (EI) Premiums, and the Income Tax deduction for the employee, plus the employer’s share of the CPP Contributions (employee’s CPP x 1) plus the employer’s share of the EI premimums (employee’s EI x 1.4).

More →