Non-Profit Hot Topics: Payroll Prep

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PAYROLL PREP.NON-PROFIT HOT TOPICS:

GROUND RULESQuestions

• Attendees are in listen-only mode• This webinar is being recorded for future on-demand playback• Your participation represents acknowledgement that we are recording• Tweet questions & comments to: #WelchNPO

Windows Mac Tablet

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Garth Steele, CPA, CAAudit & Indirect Tax [email protected]@garthsteele

Christa Casey, CPA, CAPartner & Director of the Not-for-Profit [email protected]@ChristaCaseyCPA

PRESENTERS

WHAT WE’LL COVER TODAY

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• Reporting Requirements

• Directors’ Fees

• Honorariums

• Self Employed of Employee?

• Special Payments

• Executive Director Expense Reimbursements

• Other Issues

• Documentation

• Resources

• Business number required?• Tax return filings– T2 / T1044– T4 / T4A– GST / HST

• Filing deadlines

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REPORTING REQUIREMENTS

• CPP• EI• Income Tax• T4 reporting

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DIRECTORS’ FEES

• Examples₋ Volunteers₋ Directors₋ Key note speaker

• Taxable?• Reportable?

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HONORARIUMS

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SELF EMPLOYED OR EMPLOYEE?• Court Test

₋ Integration of operations₋ Ability to sub-contract₋ Risk of loss / opportunity for

profit₋ Tools of the trade

• Risks of getting it wrong

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SPECIAL PAYMENTS• Travel allowances

₋ Mileage per km or flat amount• Housing allowances• Bonuses• Scholarship fund payments• Spouse's travel• RRSP matching• Gifts / Christmas bonus / Gift Cards

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EXECUTIVE DIRECTOR REIMBURSEMENTS• Special treatment?

• Business class vs. Economy class• Reward Programs - Points / Credit

Cards / Air Miles• Tax receipting of

honorariums/mileage donated back

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OTHER ISSUES

• Corporate VISA payments• Travel expense backup

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DOCUMENTATION

• CRA’s Employers’ Guides₋ T4001 Payroll Deductions and

Remittances₋ T4130 Taxable Benefits and

Allowances

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RESOURCES

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Garth Steele, CPA, CAAudit & Indirect Tax [email protected]@garthsteele

Christa Casey, CPA, CAPartner & Director of the Not-for-Profit [email protected]@ChristaCaseyCPA

Q&A