Last updated: September 27 2016

Increase your value proposition with Knowledge Bureau Advanced Payroll course

Payroll is an important component of year-end planning as owner-manager compensation and employee bonuses and benefits are calculated. In other words, tax has a heavy influence on both business cash flow and employee after-tax results.

Done incorrectly, payroll remittances can be extremely costly, not just by way of penalty, but also in dealing with CRA, the Canada Revenue Agency.

Knowledge Bureau’s Advanced Payroll course – one of the courses in the Bookkeeping Services Specialist designation - will allow you to assist your clients to be shrewd in negotiating employment contracts to the after-tax benefits of the employees of the firm, which could include family members. The Advanced Payroll course will help you become a more astute compliance manager to ensure payroll is more than simply accurate—it’s audit-proof.

It should go without saying that bookkeepers must be able to produce an accurate payroll on time, every time. However, this course takes the student 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, and T-slip preparation.

   

Information included in the course provide access to excellent reference materials in EverGreen Explanatory Notes, and up to date course reference materials and lesson plans. This includes changes to legislation, rates used in payroll calculations, and changes to CRA forms.  Students will have access to professional software applications: Sage 50 and newly updated assignments in QuickBooks online.

Students will understand compliance requirements federally and under provincial Employment Standards Codes in their area of operation; learn to account for a variety of compensation plans including hourly wages, salary, commissions, piecework, bonuses, retroactive payments, and vacation pay; and will also learn to account for differences in pay structure for workplaces governed by a union and more.

For more information about Knowledge Bureau’s newly updated Advanced Payroll course, click here.

What Our Students Say:

“I feel like I can confidently provide payroll services to clients.” Ashley Ross  (Richmond, BC)

“I like that the material covered different aspects of payroll from The Payroll Cycle to Year-End Reporting. I also like Evergreen as a research tool in all the courses as it gives in depth knowledge at your fingertips.” Alan P. (ON)

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