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write in memo format and more detail . The company's Vice President of Finance, Carla White, is considering using part of the payroll remittances held

write in memo format and more detail . image text in transcribed
The company's Vice President of Finance, Carla White, is considering using part of the payroll remittances held in trust to cover unexpected operating costs. She has been advised that outstanding Accounts Receivables should cover the short term deficit within the next 60 days. As the Payroll Manager, she has asked you to research the consequences of both "late payment" and "failure to file for the following provincial remittances: . Qubec remittances (Qubec Pension Plan contributions, Qubec Parental Insurance Plan premiums, Qubec provincial income tax, health services fund contributions and Commission de la sant et de la scurit du travail premiums) Provincial medical premiums and taxes for Ontario and Newfoundland and Labrador The balance in the Qubec statutory remittances account plus the provincial medical premiums and taxes would be sufficient to cover the company's operating costs shortfall, so focus on the penalties for those remittances. Consider the fines, penalties and interest charges set out by the above jurisdictions. You currently remit your Qubec deductions and have an average monthly remittance of more than $100,000.00. Your annual Ontario payroll is greater than $800,000.00 and your total annual Newfoundland and Labrador remuneration is over $1,300,000.00. Based on your research, prepare a memo, providing Ms. White with your recommendation(s) and the rationale supporting it so that she can make an informed decision. Prepare your response in proper memo format (400 - 500 words) with correct spelling. grammar and punctuation. You will be penalized if you are excessively over or under the suggested word count. It is recommended that you prepare your response using MS Word or a similar word processing software. The information from the external resource(s) and any information taken from the course material must be stated in your own words and cited

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