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This course is for you if
You provide bookkeeping services to the small business market
You are a professional looking to update your skills
You are training staff
Overview
The third course in the DMA™-Accounting Services Specialist Designation.
This course teaches the 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. Use of professional payroll software and the CRA Payroll Deductions Online Calculator (PDOC) will be in the case studies.
What you will learn
This course will equip you with access to excellent reference materials from CRA and EverGreen Explanatory Notes and the latest versions of professional 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 also 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.
Learn more about payroll basics in order to help with expanding my business to handle this part of the bookkeeping cycle.
-Robert Litschel, AB
Scope of the course
- The Role of the Payroll Department in a Digital World
- Compliance Responsibilities: Remittances, Audits and Penalties
- The Payroll Cycle and Its Components
- Hiring Employees: Employment Standards, Contracts, Required Forms
- Paying Employees: Compensation and Benefits
- Paying Owner Managers: Salary, Benefits, Dividends, TOSI
- Statutory Deductions: CPP, EI and Income Tax
- Other Deductions
- Taxable and Tax-Free Benefits
- Termination and Severance
- Year-End Reporting
What is included
- Tax deductible tuition fees
- Potential for Canada Training Grant or other Government programs
- Personal consultation and virtual campus orientation
- Practical case studies using well-known professional software
- Lesson plans and study plans
- Calculators and tools you can use immediately
- Personal instructor support by email
- Testing and certification
- Comprehensive Knowledge Journal
- CE/CPD accreditation by various professional bodies
- EverGreen Explanatory Notes - Online Research Library
