Hands-On Accounting

Affordable professional bookkeeping, tax submissions & payroll services for small businesses and entrepreneurs. If you're frustrated and wasting time, we are here to help!

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by sysadmin
on February 2, 2026

Struggling Payroll Year End Reporting!

As the calendar turns, the pressure of payroll reconciliations and tax deadlines can build up quickly. Filing your returns early isn’t just about “getting it over with”—it’s about protecting your cash flow avoid pitfull of goverment penatlies..

Did you make the necessary payments to the government? These payments MUST be on time or you may receive fines, penalties and interest charges.

We specialize in helping business owners reconcile payroll reports after December 31. To ensure everything is calculate for year end reports.

If you registered for Payroll Number a letter sent for payroll reporting periods, the deadline for filing and submitting payroll taxes.

(Need help with payroll? We provide that service: Payroll Services)

Here are the REMINDER you need to keep in mind:

Here is how we help you stay ahead of the CRA and keep your business running smoothly.

1. Payroll Remittance Deadlines

The CRA is strict: these payments MUST be on time.

  • Regular Remitters: If your average monthly withholding is under $25,000, your payment is due by the 15th of the following month.

  • Quarterly Remitters: Small employers with a “perfect compliance record” and less than $3,000 in monthly withholdings may be eligible to pay every three months.

  • Threshold Change: If your payroll grows and your withholdings exceed $3,000/month, the CRA may move you from Quarterly to Monthly reporting.

We help fix errors before reporting the payroll to avoid an audit on (T4, T4A, T4NR), so that the goverment remittances and PIER (Pensionable and Insuralbe Earnings Review) are matching.

2. WorkSafeBC (WCB) Reporting

For 2026, WorkSafeBC has moved to a 100% paperless system. You will no longer receive forms in the mail.

  • Annual Reports: Your 2025 Annual Payroll Report is due by February 28, 2026.

  • Quarterly Payments: If your annual premiums are over $2,000, payments are due on the 20th of the month following the quarter (April 20, July 20, etc.).

  • Maximum Earnings: The 2026 maximum assessable earnings per worker is $127,500. You don’t pay premiums on anything above this!

Why it matters: If you don’t stay up-to-date, WorkSafeBC can refuse you access to job sites, stop your employees from working, and even contact your clients directly to request funds from your unpaid invoices.

3. Knowledge About Statutory Deductions

  • Pay Cheques: Ensure the Statutory Deductions are Calculated Properly

  • Audit Preparedness: If the government calls, having meticulous, organized records from a professional is your best defense.

  • Informed Decisions: We provide Profit & Loss statements and Balance Sheets that show you the real health of your business, not just what’s in your bank account.

4. B.C. Employer Health Tax (EHT) 2025/2026

New thresholds employers are exemption is $1,000,000 if the BC Remuneration is under $1,500,000 or over $1,500,000 no EHT exemption.

What is the BC Remuneration Bases on Total Payroll?

(Wage,Salaries,Taxable Benefits, Bonus/Commissions, Director Fees(Corporations), Vacation Pay, Employer Tips)

B.C. Remunertiona (Payroll Wages)

  • Under $1,500,000: B.C. Remuneration is between $1,000,001 to $1,500,000  EHT Tax Rate is 5.85%(over 1m) with the exemption

  • Over $1,500,000:  B.C. Remuneration is between over $1,500,000  EHT Tax Rate is 1.95% no exemption

  • Charties/Non-Profits:  B.C. Remuneration Rate over $1,500,000 to $4,500,000 2.925% no exemption

 If you are required to INSTALLMENTS owed more than $2,925 last year are due:June 15, Sept 15 and Dec 15, 2026. * Associated Employer Rules Applies.

REASON! Bookkeeping for Payroll Professional

  • Tax-Ready Books: We prepare a tidy package for your accountant, which often reduces accounting fees year end.

  • Audit Preparedness: If the government calls, having meticulous, organized records from a professional is your best defense.

  • Informed Decisions: We provide Reports that show you the real health of your business, not just what’s in your bank account.

  • Filing Deadlines: You know what,when to submitt the payroll taxes and pay employees on time.

More about payroll

Learn more about your year-end payroll requires or employee expenses vs travel expenses.

For further information, contact click (Become A Client) book an appointment for a free 30 minutes consultation.

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