- Navigate to the contractor's YTD amounts tab.
- YTD amounts – if you are switching payroll providers and the contractor has been paid during the year, enter the YTD amounts off the contractor's most recent paystub.
- These amounts form the starting balances for the first payroll you process in Wagepoint. They will be included in the tax forms that are generated at year end. Note: YTD amounts have to be entered before you process your first payroll in Wagepoint. Any adjustments to YTD amounts after payroll has been processed will be charged at $10 per employee as per our Terms of Use.
- Save changes.
Terminated employees/contractors
- Enter YTD amounts for terminated employees/contractors if you need T4/T4A forms at year-end. Note: a minimum of two payrolls need to be processed within the calendar year for Wagepoint to prepare and submit T4/T4As forms on your behalf. See Terms of Service.