article thumbnail

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.

payroll 52
article thumbnail

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

Ronika Khanna CPA,CA

Certain accounting software like QuickBooks and Simply Accounting generate the forms and the information for the summaries. You then need to submit them by following instructions provided by the accounting software. When in doubt it is important to confirm this with your payroll provider.