If you wish for CPP/EI to also be distributed, this setting is at the Employer level. Go to Microsoft Dynamics GP, point toTools, point toSetup, point toPayroll-Canadaand selectEmployer. Verify if theEI Employer Portion Distributefield andCPP Employer Portion Distributefield are set toYes....
You may wonder why so much money comes out of your pay, where it goes, and what can be done to change the deducted amount. The good news is that you usually have some control over your deductions.
Harris' former employer contested her unemployment claim, and she had to appeal to the state unemployment office to get her benefits. For the three months while she waited for the verdict, Harris went without any pay at all. She ultimately won the appeal and received unemployment for a year,...
How to claim education tax credits UseIRS Form 8863to calculate both the American Opportunity Tax Credit and Lifetime Learning Tax Credit (including the refundable portion of the American Opportunity Credit). While you can’t claim both credits in the same year for the same student, you ca...
Q2: I made less than $5000 so do I have to file this year? A2: False. Although you may not owe any taxes on your business income, you may be responsible for Canada Pension Plan contributions. As a small business owner, you pay both your share of CPP and the employer’s share. The...
As your sales grow, direct a greater portion of your revenue for your marketing budget and keep building.” 14. Build a team As your business grows, it may be difficult for you to play multiple roles—which is where hiring employees and delegating tasks comes in. Even if you decide not...
The coronavirus pandemic is likely to further increase demand for healthcare lawyers. Aspiring health care lawyers should understand that the health care industry is an enormous and lucrative portion of the U.S. economy, experts say. The amount of money that U.S....
There are lots of millionaires out there who’ll give money to those who need it. Maybe you lost your job and trying to figure outhow to make money without a jobso you can pay your bills? Maybe you’re looking toget free moneyto help you avoid foreclosure?
year. “That’s paying yourself last,” saysDavid Blaylock, CFP, head of advice and planner compliance at Origin. “Paying yourself first means saving before you do anything else. Try and set aside a certain portion of your income the day you get paid before you spend any discretionary ...
A QDRO grants the retirement account's "alternate payee” the right to a portion of the retirement benefits that the former spouse (the “participant”) earned through an employer-sponsored retirement plan. The payee may be a spouse or a dependent. A QDRO, for example, might order the pay...