Clearview Business Services Corp.

02/12/2021

It's time for my annual post about the joy that creating T4s brings me, especially when they are for my own company and employees.

I usually describe payroll as a 2,000 piece puzzle that you only know if you have all the pieces until the end of the year. Well the puzzle for the 2020 T4s was increased to 2,005 with the additions of boxes 57-60 for COVID-19, and the addition of a taxable benefit for the personal use of my business vehicle to my own T4. And with the additions of TEWS/PD27s and CEWS among others, there was a lot of payroll-related learning this year!

And while I'm celebrating the Clearview T4s being finished last night, they're about one month later than I like to get them done. My impossibly early standards weren't able to be met this year, but there's always next year!

Happy to have created a total of 71 T4s -- 65 for a total of nine clients and then six for Clearview, including mine. Happy, happy, joy, joy.

01/20/2021

Have you missed your chance to submit a claim for period 1-5 of the CEWS? Not yet! The deadline to submit claims is on or before the later of January 31, 2021 and 180 days after the end of the claim period. So for claim periods 1-5, that is January 31.

See FAQ #26 at this link for the CRA source: https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy/cews-frequently-asked-questions.html

01/19/2021

It might not be snowy in Halifax today, but T4 season has officially started! It's the happiest time of the year! 😁

12/15/2020

New for today! If you worked from home for some or all of the months since COVID-19 arrived, you can calculate your personal tax deduction without needing a T2200 from your employer. (Yay for that!)

https://www.canada.ca/en/revenue-agency/news/2020/12/introducing-a-simplified-process-for-claiming-the-home-office-expenses-for-canadians-working-from-home-due-to-the-covid-19-pandemic.html?utm_source=mediaroom&utm_medium=eml

This year has been filled with unprecedented challenges due to the COVID-19 pandemic.

11/30/2020

FYI: If your business manages payroll on your own and not through a payroll service, did you know that you should have both a CRA web access code to prepare T4s and a Service Canada ROE web account to prepare ROEs? Don't wait until your first employee leaves to discover that these aren't the same and that you can't prepare the ROE on time! 👍🏻

11/16/2020

It's anniversary time! 🥳 Last week was Clearview's 3rd anniversary, and we're celebrating by offering free payroll checkups, while supplies last. Just in time to be ready for T4s. Signup link is in the comments.

Thanks to everyone who has supported these first three years -- so much has been learned along the way, including changes to payroll/T4s for 2020. (🤯)

10/01/2020

October 1 is the start of the 4th quarter for many. Are your books 4th quarter ready? 😀

06/05/2020

It's a big day in Nova Scotia -- at home school year ending and many businesses opening for the first time in a modified way. I'm not involved first-hand in either, but am wishing the best of luck to everyone today. 🤩

04/13/2020

Manual payroll processing including the 10% wage subsidy will be the topic for the fourth in a new series of free online workshops to offer content to business owners who are looking to learn more about their bookkeeping while working from home. Register using the Zoom link in the comments before going live on Tuesday, April 14 at 9:30am. Be kind, take care, and see you then.
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04/10/2020

The Nova Scotia Small Business Impact Grant is now open for applications up to April 25. Please share with any NS business owners you know in the following industries:

➡️ Restaurants with onsite dining
➡️ Drinking establishments
➡️ Personal care services
➡️ Fitness establishments
➡️ Veterinarians
➡️ Unregulated health professionals
➡️ Self-regulated health professionals
➡️ Live, performing arts for audiences
➡️ In-person trade shows and exhibitions
➡️ Not for profits
➡️ Charities

More qualifying criteria online. See link in the comments.

04/06/2020

Proud to be a Nova Scotian!

But in all seriousness: if your outing isn't essential. And if you were stopped on the way, would you be embarrassed to say why you're out? Think before you drive!