by clay | Apr 24, 2020 | Edmonton Bookkeeping
Not only can going through payroll audit be time-consuming and disruptive to a business says Edmonton bookkeeping. But also, it can be accompanied by stiff fines and penalties that could be difficult for entrepreneurs to pay. In fact, 50% of all businesses in Canada...
by clay | Apr 24, 2020 | Edmonton Bookkeeping
If entrepreneurs make mistakes on their T4 or T5 slips, that could end up triggering a payroll audit says Edmonton bookkeeping. If entrepreneurs go through payroll audits, not only will Canada revenue agency scrutinize their business, they will most likely incur...
by clay | Apr 24, 2020 | Edmonton Bookkeeping
There are many things that entrepreneurs need to learn early on in their business ownership says Edmonton bookkeeping. Understanding how to file their T4 and T5 slips is one of those things. If they file these late, or improperly, entrepreneurs can end up triggering...
by clay | Apr 24, 2020 | Edmonton Bookkeeping
Business owners should understand that the filing deadline for T4 and T5 slips is the same every single year says Edmonton bookkeeping. These slips need to be filed by the last day of February every single year. Therefore, entrepreneurs need to ensure that they file...
by clay | Apr 24, 2020 | Edmonton Bookkeeping
It can be fairly easy for entrepreneurs to avoid triggering a payroll audit or penalties by filing their T4 slips correctly and on time says Edmonton bookkeeping. However, if entrepreneurs do not know what they need to know in order to avoid this, could end up...
by clay | Apr 24, 2020 | Edmonton Bookkeeping
Business owners should understand that the failure rate for entrepreneurs in Canada is very high says Edmonton bookkeeping unfortunately, half of all businesses will have close their doors before being in business for five years. 29% of these failed entrepreneurs will...
