Remove accounted Remove payroll Remove simply accounting
article thumbnail

CFPB’s Proposed EWA Rule Sparks Debate

ThomsonReuters

Critiques of CFPB’s interpretation of EWA In its interpretive rule, which received nearly 150,000 comments, the CFPB states that “it does not matter that the obligation to repay is sometimes satisfied via payroll deduction” and that it “is still an act of repayment.” 3401(b).

payroll 52
article thumbnail

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. If you have a payroll provider , they will often prepare and submit the T4 slip and summary on your behalf.