WCB Compliant Services

Maintaining an up-to-date WorkSafe BC account is crucial for the smooth operation of your business. We offer comprehensive assistance, from the initial setup of your WorkSafe BC account to regular reporting and filing of required amounts.

The WCB (Work Compensation Board), or WorkSafeBC, is a governmental organization that ensures employee safety by covering eligible costs during workplace incidents. This form of insurance provides coverage for injured workers, replacing wages and medical benefits. The taxability of these benefits depends on the unique circumstances of the individual.

Employers fund this insurance system and safeguard workers in case of workplace injuries. In the unfortunate event of an injury, it provides monetary compensation for lost wages and covers medical and rehabilitation expenses. This reciprocal insurance arrangement protects employers from lawsuits, fostering a blame-free environment. The Work Compensation Board assigns lost wage compensation to employees regardless of how the accident occurred.

Employees play a crucial role in preventing illness and injuries, and accurately reporting workplace incidents is essential for injured workers to receive timely compensation and return to work. Small business accounting professionals can facilitate this process.