Insider Insights: Year-end Payroll Best Practices 2023

The end is nigh! Payroll year-end, that is. Actually, payroll year-end is December 31 – but the looming deadline is February 28, by which time all employers and payers must file T4s, T4As, and perhaps other tax slips for their employees and contractors.

Within the nonprofit and broader social  impact sector, processing payroll is one of the most important, and administratively burdensome, ongoing business tasks. It’s also the largest budget commitment – yet many managers lack a clear understanding of Canada’s regulatory framework, leaving their organizations exposed to compliance risks.

Although the pressure is highest in February, the constantly changing landscape can prove challenging year-round, and keeping your organization compliant at all times is critically important. Luckily, you can learn some key tips and information to help you stay on top of crucial legislation so that you can spend more time focusing on your mission. 

This two-part workshop (attend one or both) spans technical knowledge, key regulatory requirements, and common payroll pain points for decision-makers. There will be LOTS of Q&A time in these sessions! Bring your payroll questions and your specific T4 and other T-slip questions! Alicia, from Young Associates will help you navigate T-slip season successfully!

Key topics covered:

  • Common payroll challenges for nonprofit and social purpose organizations 

  • Tips to improve your payroll process and ensure time and resources are being used effectively

  • Current legislative requirements you need to know

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WORKSHOP 1: BEGINNER PAYROLL
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January 24 -1:00-2:30 PM 

  • Employees vs. contractors
  • Your responsibilities as an employer
  • Crucial compliance requirements
  • Helpful hints for processes and forms

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WORKSHOP 2: INTERMEDIATE PAYROLL
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January 31 - 1:00-2:30 PM 

  • Legislative update for 2022 year-end + 2023 
  • Outlook for changes coming in 2024
  • Taxable benefits
  • Payroll policy tips: vacation, gifts and awards, and more!
  • Common T-slip issues
  • Dealing with questions from your team and from CRA.

WHO SHOULD ATTEND?
If you are responsible for payroll this workshop is for you! We know that this most often involves EDs/CEOs, board members and human resource staff. 

While our focus will be nonprofits, the rules are the same for nonprofits, charities, social enterprises, solopreneurs, small businesses, etc.

-----REGISTRATION DETAILS-----

PLEASE NOTE: You can sign up for an individual session or both as a series. 

Series Payroll Best Practices - REGISTER NOW!  

Beginner Payroll Best Practices - REGISTER NOW! 

Intermediate Payroll Best Practices - REGISTER NOW! 

ADDITIONAL INVESTMENT INFORMATION:

Are you a nonprofit member organization with an operating budget of under $100,000? You may be able to save an additional 50% off the registration fee. 
Learn if you are eligible for the NONPROFIT MEMBER DISCOUNT RATE.

 

ABOUT THE PRESENTER:

Alicia McGuire (she/her), PCP, is the Payroll Manager at Young Associates, Alicia holds the Payroll Compliance Practitioner designation from the National Payroll Institute, and has managed payrolls in an array of corporate settings for more than 15 years. Since joining Young Associates in 2017, she has built a team providing comprehensive payroll services helping organizations deliver timely and accurate pays via reliable cloud-based platforms, while managing government remittances, benefit and pension plans, and special payments, and complying with the many federal and provincial laws governing payroll. Alicia is also available to consult on matters ranging from payroll policies and procedures to benefits administration to CRA audits. When not reconciling complex payrolls or evaluating thorny compliance questions, Alicia enjoys family life in beautiful Elmira, Ontario.

Young Associates
Since 1993, Young Associates has been delivering technical expertise and advisory services to support operational effectiveness of nonprofit and charitable creative organizations. Our professional payroll team acts as an outsourced full-service payroll department to about 50 organizations. Our full range of business management, training and consulting services includes bookkeeping, financial systems design, software conversions, one-on-one training and support, seminars and workshops, spreadsheet design, budgeting and cash flow planning, and research and consulting projects. In addition, we assist and advise on database management, data structure and processing efficiencies. Please visit our website for more details, and to receive a quote! https://www.youngassociates.ca/payroll 

Thank you to our 2023 Learning & Development Sponsors:

Western Continuing Studies and Fanshawe Employment and Student Entrepreneurial Services/Corporate Training Solutions

 






 


 


 



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