Hiring Credit extended

Well, what do you know? Promises of no red tape on claiming this credit. They'll calculate it for you!

The email has a link to the information about how the... (click here) Hiring Credit for Small Business has been extended.  The email, courtesy of my subscription to the Mediaroom arrived in my InBox just now.

Ah-Ha, on closer examination of what my snail mail delivered today, CRA has co-ordinated the release of this information by email on the day I get the Statement of Account Source Deductions.

Nice. That's what you'd call "just in time"...

Included with the snail mail are two Direct Deposit Request forms, both RC366, one in English and the other in French (you'd think they could have checked my language and done two mailings, but hey, it's only one page x ??? million taxpayers) so let's not overthink this.

If I complete the RC366 I should receive my hiring credit directly into my bank. It has to be sent back manually, and there's no return envelop enclosed. Fortunately I keep a stack of envelopes and stamps for just such auspicious occasions. 

But just a second, is this worth doing? Will I actually get this credit? Only if my EI premiums are under $10,000 and they are more than they were last year. Good thing I have my EI premiums separated out in my Chart of Accounts in QuickBooks so I can compare. Sigh. No point charging off to the post box right away if the premiums paid are less than those paid for last year. But the envelope's already made out so I may as well take the dog out again. At least someone will be happy.

Not sure how to get your Payroll Items to report separately on your Income Statement so you can easily compare individual items? I can help. In the Master QuickBooks Software videos for the bookkeepers at IPBC is 2 hours on the Payroll Module. The whole bundle of training is only $290.00 and payroll is only one of ten two hour topics in the first series. Then there's the second series of 5 hours on working papers using reports.
Details: http://www.taxdetective.ca/master_quickbooks_.html
(Look for the link to the bundle at the top of the page)