This is an old one! LOL! :D Still holds up though! But I've refined my message... Now I say "Avoid Doublework and Don't Give CRA More Money that you have to!"

@@NaomiWilkins smart very smart

I'm so glad you found this helpful!

I'm glad you found it helpful! Thanks for your comment!

Hi There! Yup, it does certain utilities, but I don't know which ones, but yup! It also has the fetch option.

Hi there. I don't quite understand your question, or, you are asking a question that is too broad to answer with a comment. Feel free to come to my Fabulous First Friday's at Five (EST) to ask me anything QBO related :D us02web.zoom.us/meeting/register/tZEtduqhrjkiG9cb0bf7Sp_oeFkTZ1D8Kq37#/registration

If the business is registered for GST/HST they need to file every period whether they have sales or not. So, say a seasonal business that is registered for GST/HST only operates in the summer, and shuts down for the winter. They need to report that they had no sales and no expenses. (Of course, if they have operating expenses with HST they wouldn't need to claim a nil return, they would file for the HST Refund). But if there is a filing period that a registered business has no Incomes or Expenses, all the lines are zero, and filing a nil return saves 60 seconds and just puts zero in all the boxes for you.

@@NaomiWilkins thank you 💕

Hi There! Nope, bookkeeping is a taxable services. Financial services is more regarding investing and banking. Here's CRA's webpage with examples: www.canada.ca/en/revenue-agency/services/forms-publications/publications/b-105/changes-definition-financial-service.html

@@NaomiWilkins thanks for clearing that up. 💖💖 your videos.

Thanks so much! I'm so glad you find them helpful!

Awe! Thanks so much!!! Your Comment made my day!!!

Hi There! I'm so glad you've found my video's helpful!! I don't have any WSIB videos yet, but I agree, QBO's Payroll Module is very frustrating and annoying! You may have found this already, but, you can change the Rate, and even the effective date of that rate, by going to the "Payroll Settings" under the "Settings" column when you click the the settings Cog at the top right of the screen. When you're in the Payroll Settings, scroll down, and "Workers' compensation" is where you can edit your WSIB rate and effective date. If the rate is correct, the WSIB expense and liability increases with each paycheque written. Take a look at the WSIB Liability GL History as compared to the Wages History, and perhaps you may see an employee that doesn't have WSIB assigned to them yet. I'm not sure if you can back date that, but if not, feel free to adjust WSIB expense and Liability by the missed amount, and on the payroll taxes screen, mark the period as paid without recording a payment, and just enter a bill for the full amount payable, offsetting WISB Payable. I hope there's some helpful ideas above for you! Thanks so much for your comment!

Hi! Thanks so much for your comment! Yes, if you use more of your property for business it is reasonable to include that in your work area calculations!

I am SO glad these have been helpful!!!

Hi There! Nope, no need to subtract the $3,500!

Hi there! Yes, I would overpay by a few cents, and not worry about any adjustments. I am still trying to dig into why QBO is doing this weird vacation thing. I've had feedback that the vacation hours earned and the vacation earnings earned are not the same thing, as in Ontario, after 1 year, an employee is entitled to 2 weeks off, and following that the vacation time off is 4% of hours worked, and that the vacation pay during that time off is 4% of earnings. But if that is the case, why is QBO equating the hours earned and the vacation earned? And why at the beginning of the first year? And why no track time off earned for employees who don't accrue their vacation pay? I still don't follow their logic. But, if I do ever solve the mystery, then I'll be updating my video!!! Thanks so much for your comment!

Hi there! It depends on how you transitioned your bookkeeping from one program to another. The "GST/HST Suspense" account on QBO represents "GST/HST Filed and payable." So when you moved your opening balances into QBO, the filed GST/HST from Period Ending Dec 2023 could have been a payable amount entered to "GST/HST Suspense". Take a look at your balance sheet and see what liability account that balance payable is waiting to be paid from. My best guess in your situation is to not use QBO's GST/HST Module to add that payment for a GST/HST return not prepared with the GST/HST Module. You would put that Jan 2024 payment in as a regular expense entry, and categorize it as "GST/HST Suspense" or whatever liability account you may have found it in when you looked at your imported balance sheet. Hope this helps!

I'm glad you found it helpful! Thanks for your comment!

Thanks so much for your comment!

Me too! At the beginning! But each year it became easier! So glad I could share where I got to and that you found it helpful!

Hi There! I'm not sure... I know I can print ugly T4s from my CRA Business Account (Not official T4s, but a table of the amounts submitted), but I'm not sure about the nice official pretty ones.. SO! I just tried it. Under the payroll page there's a box with tabs, and on the "Returns Tab" it lists the returns submitted. The column on the far right is titled "Actions" and there is a link to "Request Download." I just clicked it, and it let me submit the request, but said it would take up to 48 hours to be available on the "Reports" tab... So, I will check in the next couple of days and report back!

So, the report it gave to me was a csv download (like a spreadsheet). Very disappointing :( You can print the 'table' looking T4 from CRA My Business Account for the employee. It does have all of the totals they need to do their taxes. But it isn't the official looking one. You can print that once the T4s are processed from the payroll section of CRA, the "returns" tab, and at the bottom "view return details". Click into the "Processed" link to get to the summary information, scroll down to the "View slip information" button, and click "Details" under "view slip". It's not pretty, but it has all the totals they need.

I'm so glad you found it helpful!

Thank you so much for your comment!

I'm so glad you found this helpful! :D

Hi There! I'm in Ontario! And my contact info is on my Website! naomiwilkins.ca/contact.html

Hi There! Thanks for your comment! Tracking unpaid events would fall more into the realm of HR Management. The size of the SMBs I have worked with generally track those things manually outside of the payroll software. I did a quick look to see if Wagepoint, my current favorite payroll software, tracked unpaid days, and though it also does not track those things, it does offer an HR Management tool called "People". I haven't had experience with it, but I do like Wagepoint for payroll, so I would expect this additional app to meet my expectations! wagepoint.com/people/time-off-tracking-software

This comment made my day!!! Thank you so much! Cheers from Gananoque, Ontario! :)

I'm so glad you found it helpful!

Yup! It's also under the payroll section -> File a Return. If you choose from there "Webforms" you will see all the Tslip options available, and T5 is on the list!

Thank you for your reply

Thank you for your comment!!! I'm so glad you found this helpful!

Wonderful! I'm so glad this was a helpful video for you! Yup! Most years I just think... "What did I do last year?" LOL!

Thank you so much for you positive comments!! It made my day! :D I am more comfortable with bookkeeping and sales tax, so I don't have any courses on income taxes. I know my lane! Thanks again for your comment!

Agreed!!!

Thank you so much for this comment! It made my day!! :D

I'm so glad this video was helpful! :D Thanks for your comment!

If there is one shareholder, you can put that shareholder's name and SIN number there, but I have left it blank in the past and had no trouble submitting the T4s. You do not need to put the corp name and BN there. Hope this helps!

@@NaomiWilkins Thank you.

Yup! When you travel to the payroll page, you should see a section for "Balances and payments"... it's not in that section. But below that section is another section that has tabs "Returns" "Remittances" "Pier" etc. Under the return tab, which is the default, there are three buttons at the bottom: "File a Return" is one of them and is highlighted in blue. Are you able to see that? Great question, and pinning for others. Thanks!

I'm so glad you found this helpful!