Certificate Course

Advanced Payroll for Small Business

Program

DFA-Bookkeeping Services Specialist™ Program

Overview

An incorrect approach to the technical side of payroll poses a risk to both employers and their employees: it can cost them money, cause them to incur penalties with the Canada Revenue Agency or worse face legal ramifications. Advanced Payroll will help you become a more astute compliance manager that prepares accurate payroll, who understands the necessary requirements of an employer, federally and provincially, and who can meet the demands of an evolving digital workforce.

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Course Content

Chapter 1 | The Role of the Payroll Department in a Digital World
Chapter 2 | Compliance Responsibilities: Remittances, Audits and Penalties
Chapter 3 | The Payroll Cycle and Its Components
Chapter 4 | Hiring Employees: Employment Standards, Contracts, Required Forms
Chapter 5 | Paying Employees: Compensation and Benefits
Chapter 6 | Paying Owner Managers: Salary, Benefits, Dividends, TOSI
Chapter 7 | Statutory Deductions: CPP, EI and Income Tax
Chapter 8 | Other Deductions
Chapter 9 | Taxable and Tax-Free Benefits
Chapter 10 | Termination and Severance
Chapter 11 | Year-End Reporting

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

Opportunity

It goes without saying that bookkeepers must be able to produce accurate payroll on time, every time. However, this course takes the student even further by teaching completion of a full payroll cycle, compliance regulations and expectations, accounting for statutory and non-statutory deductions, taxable and non-taxable perks and benefits, and year-end preparation. All while providing you with an understanding of payroll changes that apply to all businesses within Sage 50 and QuickBooks Desktop and QuickBooks Online accounting programs. Use of the CRA Payroll Deductions Online Calculator (PDOC) will be used in the case studies.

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

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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Learn Your Way

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Every course you take with Knowledge Bureau counts on your academic pathway. Qualify for tuition rebates by taking a certificate course, diploma program or designation program.

In-Class

Complement your online education with CE Summits. Held in November, January and May, these one-day, instructor-led workshops offer peer-to-peer learning experiences to students who prefer studying in groups.

In-Conference

Annual three-day Distinguished Advisor Conferences focus on finding solutions for the challenges faced by businesses in a global marketplace.

Knowledge Base

Tap into a comprehensive, centralized clearinghouse of trusted information, including great books, Knowledge Bureau Report, online calculators and research libraries.