WELLINGTON – March 2, 2018 – All those who are in charge of accounting or payroll for small businesses are invited to a lunch-and-learn on the topic « How to fill out T4 slips » in French at the Wellington Rural Action Centre Tuesday, April 3, at 12 noon.
« When you manage a small business and only do certain tasks – such as filling out T4 slips – once a year, it can be a bit complicated to remember how to report all the numbers, which numbers to report and where to report them on the slip, even though you have a guide, » says Raymond J. Arsenault, event coordinator with the Acadian and Francophone Chamber of Commerce of PEI.
« Luckily, we have among our members a fellow who specializes in accounting and everything related to pay and income taxes: Louis Arsenault, owner of Matt’s Tax, Bookkeeping & Accounting, from Harmony, » adds the coordinator. « We are extremely lucky that he has accepted to deliver an information session on this very topic. »
The workshop leader explains: « We’ll cover the various types of income and deductions that must be reported on the T4, which is given to employees, as well as on the T4 summary, which is given to the federal government. I’ll show participants how to calculate and report this information. We’ll then look at an example of a filled-in T4 slip. »
He’ll answer any questions that participants may have. Arsenault will also provide all the necessary information and worksheets.
After working for about 30 years in another field, Arsenault found himself without a job following a crisis in that industry. He therefore decided to go back to school. He completed his accounting technology course at Holland College in 2008. He then worked as an accountant in the private sector for a few years.
He eventually decided to start his own business in 2010. Today, he does the accounting for 10 businesses. Each year, he is responsible for filling out 170 T1 tax returns for the public and private sectors; some are very basic while others are extremely complicated. He also fills out T2 corporate tax returns and completes year ends for other corporations.
He also recently developed a fully automated payroll service; five businesses already use this service.
This lunch-and-learn is delivered jointly by Matt’s Tax, Bookkeeping & Accounting, the Acadian and Francophone Chamber of Commerce of PEI and the Wellington Rural Action Centre.
The registration fee of $5 for Chamber members and $10 for non-members covers both the session and a light meal. To register before the March 30 deadline, contact Josée Ouellette at 902-854-3439, Ext. 228, or at firstname.lastname@example.org.
CUTLINE: Louis Arsenault, owner of Matt’s Tax, Bookkeeping & Accounting.
For more information:
Raymond J. Arsenault
Acadian and Francophone Chamber of Commerce of PEI
902-854-3439, Ext. 231