Excel Accounting Services

10/19/2026

09/15/2026

PEI RCMP warn about cheque overpayment scam

PEI RCMP are warning businesses and individuals about a fraud scheme involving overpayment cheques and requests to return the difference.

PEI RCMP regularly receive reports of cheque overpayment scams. In these incidents, scammers approach businesses or individuals seeking goods, services, or employment opportunities. They provide payment by cheque, but the cheque is for more than the agreed amount. The scammer then asks the victim to send the overpayment back.

For example, a scammer may purchase $2,000 worth of goods or services and provide a cheque for $5,000. They then request that the victim wire the $3,000 difference back to them. The fraudster's goal is to have the victim send the money before the bad cheque bounces.

Recent reports have involved fraudsters posing as customers, employers hiring workers who are asked to cash cheques as part of their duties, and individuals making payments by cheque for items advertised through online classifieds.

How to protect yourself
• Treat any cheque overpayment as suspicious.
• Never wire money back to someone who has overpaid by cheque.
• Ensure a cheque has fully cleared before using those funds. Just because money appears in your account does not mean the cheque has cleared. Contact your financial institution for more information about cheque hold periods and verification processes.
• Be cautious of urgency. Scammers often pressure victims to act quickly before they have time to verify the transaction.

"Cheque overpayment scams have been around for a long time, but the stories scammers use are constantly changing," said Cpl. Gavin Moore, Media Relations Officer for the PEI RCMP. "Protect yourself, your family, and your friends by sharing this information. An informed public is a protected public."

If you have been a victim of a fraud contact your local police. For more information on common scams and fraud prevention, visit Canadian Anti-Fraud Centre.

09/08/2026

PEI's minimum wage is currently $17.00 per hour and is scheduled to increase to $17.30 on October 1, 2026, and to $17.60 on April 1, 2027.

Islanders are invited to provide feedback as part of the Employment Standards Board annual review of the minimum wage.

Under the Employment Standards Act, the board reviews the minimum wage each year and recommends future rates to government based on economic conditions and feedback from the public and stakeholders.

Islanders can submit written feedback until October 30, 2026.

Read the full release and learn about submitting feedback here https://www.princeedwardisland.ca/en/news/feedback-wanted-on-annual-minimum-wage-review

08/28/2026

Reminder 2nd installment for Property Taxes are due Aug 31st

08/20/2026

Our office will be closed all day Friday for Gold Cup Parade.

07/07/2026

📢 PEI Employers: A reminder that the new Employment Standards Act came into effect on June 30, 2026. If you haven't already done so, now is the time to review your job postings, employment contracts, workplace policies, and hiring practices to ensure they reflect the current legislation. For more information on the changes, please visit https://www.princeedwardisland.ca/en/information/workforce-and-advanced-learning/changes-to-the-employment-standards-act

If you have questions about how the new legislation may affect your workplace, contact the Labour and Industrial Relations office at the Atlantic Technology Centre. You can reach the team by phone at 902-368-5550, toll-free at 1-800-333-4362, by fax at 902-368-5476, or by email at [email protected].

07/06/2026

HST quarter
ending June 30th
is due by July 31st.
Please drop off bookkeeping by July 18th to have it completed on time.

07/02/2026

We’re expanding the flock 🐧☀️

Now Hiring
☕️ Part Time Barista
🥐 Full Time Pastry Cook
🔪 Full Time Line Cook

Early mornings no late nights, sounds pretty good right?

If you love a fast paced environment, take pride in what you do, and are excited to learn and grow, we’d love to meet you.

We’re looking for people who are reliable, motivated, and have their own transportation.

Send your resume to [email protected] and come be part of the flock 📧

06/25/2026

Reminder the T5018's for the Calendar year are due by June 30th.
If more than 50% of a business' income-earning activities are construction you must complete T5018's for your Subcontractors.
The T5018 information return is due on or before the date that is six months after the end of the reporting period you have chosen. It may be the calendar year or your yearend as the end date.
If you fail to file a T5018 information return, the penalty for each failure is $25 a day, with a minimum penalty of $100 up to a maximum of $2,500.

A T5018 slip identifies the total contract payments made to a recipient by a contractor in a calendar year or fiscal period. The T5018 reporting requirement is part of the CRA's effort to promote compliance in the construction industry and to reduce activity in the underground economy.

06/17/2026

We wanted to pass along a quick heads-up about major tipping compliance shifts hitting the industry. I've noticed many operators aren't aware that if a business handles electronic tips or pools incorrectly, the CRA can reclassify them - which can trigger messy, unexpected back-taxes for CPP and EI. To help navigate this, Restaurants Canada is hosting a webinar on Thursday, June 25 at 2:00 PM ET to break down the 2026 Tipping Compliance Updates.

They’re going to explain how to properly use "Tip Committees" to protect their business from tax liabilities while keeping up with federal and provincial rules.

If you have a restaurant that accepts tips, you should make time in your calendar to attend.
https://events.restaurantscanada.org/2026TipManagementComplianceUpdatesDirectTipsTipCommitteesProvincialRules #/