Certificate Course

Advanced Payroll for Small Business

Program

DFA-Bookkeeping Services Specialist™

Overview

The technical side of payroll, if done incorrectly, can cost the employer or employee money; not to mention incurring penalties with Canada Revenue Agency. This course will help you become a more astute compliance manager to ensure that payroll is more than simply accurate. It will also allow you to assist your client to be shrewd in negotiating employment contracts to the after-tax benefits of the employees of the firm, which could include family members.

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Opportunity

It should go without saying that bookkeepers must be able to produce an accurate payroll on time, every time. However, this course takes you further, teaching completion of a full payroll cycle, TD1/T1213 form completion, accounting for statutory and non-statutory deductions, taxable and non-taxable perks and benefits, T4 slip preparation, for any business within Sage 50 and QuickBooks desktop (note, Quickbooks Online is not available for this course).

What You'll Learn

This course will equip you with access to excellent reference materials from CRA and EverGreen Explanatory Notes and the latest versions of Sage 50 and QuickBooks Desktop software programs. This valuable resource is updated when changes to the information become available—including changes to legislation, rates used in payroll calculations, and alterations to CRA forms.

Upon graduating, you will be able to produce a payroll run for any period for a payroll of any level of complexity and understand and calculate all employer remittances for deductions taken at source, while fully understanding the consequences of non-compliance. Specifically, you'll
understand the compliance requirements federally and under provincial Employment Standards Codes in their area of operation, be able to
complete TD1 - Personal Tax Credit Return form, T1213– Request to Reduce Taxes at Source form, with a view to reducing withholding taxes which can be used to increase private pension contributions (RRSP, PRPP), and account for a variety of compensation plans including hourly wages, salary, commissions, piecework, bonuses, retroactive payments, and vacation pay.

You'll also have the skills to account for an extensive list of taxable and non-taxable benefits’, account for differences in pay structure for workplaces governed by a union, and provide tax-specific information required by certain profiles including commission salespeople, northern residents, truckers, tradespeople and executives. As well, you'll be equipped to account for termination pay, Records of Employment, T4, T4 Summary, workers' compensation, employer health taxes, other public health care plans.

What’s Included

• Personal course selection consultation
• Virtual campus orientation
• Lesson and study plans
• Personal instructor email support
• Comprehensive Knowledge Journal
• EverGreen Online Research Library
• Knowledge Bureau calculators
• Testing and certification
• CE/CPD accreditation

Student Experience

Yes, the course met my objectives. This is my third course, and I will take others. I have been able to take on more responsibilities for payroll administration in my workplace and have secured some contract work in a small bookkeeping company as a direct result of the courses I have taken from the Knowledge Bureau.

—Gail S., AB

Course Content

Chapter 1 | The Payroll Cycle
Chapter 2 | Hiring, Employee Contracts, and Employment Standards
Chapter 3 | Employee Compensation
Chapter 4 | Owner Managers
Chapter 5 | Statutory Deductions
Chapter 6 | Other Deductions
Chapter 7 | Taxable and Tax-Free Benefits
Chapter 8 | Remittances, Audits and Penalties
Chapter 9 | Termination and Severance
Chapter 10 | Year-End Reporting

Marking Guide

Quizzes
25%
Case Studies
50%
Final Exam
25%
Passing Grade
60%
Honours Achievement
90%


All students who pass the course will receive a certificate. Students who receive a mark of 90% or better will receive a gold honours bar on their certificates.

CE | CPD Credits

Knowledge Bureau | 30 CPE credits

Most regulators and associations accept Knowledge Bureau certificate courses for continuing education credits.

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