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CFPB’s Proposed EWA Rule Sparks Debate

ThomsonReuters

Clark went on to explain that “[w]hile the advisory opinion acknowledged that a proper legal analysis must focus on the substance rather than the form of a transaction, the proposed guidance completely ignores the substance of EWA transactions and their purpose in the larger payroll universe.”

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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.