With the second week of February nearing its end, it's almost time to submit your T4s. Tax season is a busy time of year for employers of all sizes, but QuickBooks Online is here to alleviate the stress involved. Our payroll solutions are equipped to make the production of tax forms a quick and easy process, so you can be sure to submit them on time every year. It's crucial for all information to be accurate, and I'll be happy to help you sort this out.
T4s are generated using specific details based on all pay runs recorded in the system. As long as the deduction is set up correctly, amounts will be displayed in the appropriate box on your employee's T4. QuickBooks Online Standard Payroll includes a built-in deduction for Registered Pension Plans (RPP) which is shown in Box 20. This can be set up in just a few easy steps:
To learn more about supported pay types and deductions, check out this great article: Supported pay types and deductions explained
Advanced Payroll Powered by WagePoint makes it easy to edit your forms before submitting. Our year-end guide includes plenty of useful information to help you do just that. You can also request a custom deduction at any time:
If you're unsure of how to approach this for an existing T4, or need to update historical information, choose from the following methods to reach out to our team of payroll specialists:
Phone and Chat: Click Contact Us to learn how to reach phone and chat support.
Schedule a Callback: click (?)Help in the upper right > click Contact Us > explain your situation > click Let's Talk > choose Get a callback (Note: Callback hours are the same as regular phone hours.)
Don't be afraid to get in touch! I want to make sure you're all set for tax season.