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CFPB’s Proposed EWA Rule Sparks Debate

ThomsonReuters

noted the significant change in posture regarding the CFPB’s new guidance that would classify EWA products as a form of credit subject to the TILA regulations from its previous 2020 advisory opinion, which created a safe harbor for certain EWA providers to avoid being subject to TILA.

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Information on Filing T4s/RL-1s and T4As for Small Business Owners

Ronika Khanna CPA,CA

When I became a small business accountant, who was now either responsible for preparing this information or providing guidance to my clients, I realized that the process was somewhat more complicated. Certain accounting software like QuickBooks and Simply Accounting generate the forms and the information for the summaries.