Remove payroll Remove simply accounting Remove Tax
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

I knew that sometime around February an envelope would appear on my desk with a tax document that I would need to reflect on my tax return. These tax documents (also called tax slips) are referred to as a T4 (and an additional slip called the RL1 in Quebec).