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We have 2 deductions set up for Pension. One is for the Employee contribution, and one for the employer portion. Both are set to 5% (Percentage of Base). The employee portion is set to go to box 20 and 52, and the employer is set to go to 52 only. They…

I have an odd question that I have never run into before. In 2019 an employee that owns 100% of a company had EI deductions coming off of their payroll. Their accountant has asked to have their T4 amended to show that there were no EI deductions because…

I am creating my T4's for 2018 but I am unsure about one employee. From Jan.-June he was considered an employee, but then he purchased the company (100% of it) from the original owners and is now considered EI exempt. So from July forward I was not taking…

Hi all, Anyone having issues with the T4 Pension Adjustment Amounts rounding to the nearest dollar? I've looked on Sage's Knowledge Base and it seems that Sage 50 clients are also having the same issue.

The 1st January 2018 Sage 50 US Payroll Solutions Update was released today, December 19th 2017 This update contains Federal and State tax formula calculations for the 2018 calendar year reported through December 13th, 2017 . To receive this update…

A client's accountant posted their AJEs. One of them was a $16,000.00 bonus to the shareholder. The accountant's AJE was CR CPP Payable $1,237.50, CR S/H loan $15,381.25, DR Wages $16,000.00 and DR CPP Exp $618.75. Their year end was July 31, 2016 so…

The 2nd January 2016 Sage 50 US Payroll Solutions Update will be available the afternoon of January 26, 2016. This update includes 2016 payroll tax tables changes to the State and Local Payroll Tax calculations for the District of Columbia, Maryland,…