We’ve helped dozens of Startups and small businesses in Richmond Hill implement payroll solutions.
The Problem: Most entrepreneurs and founders raise cash from investors and then use that money to hire a team.
Running payroll is something that can’t be mishandled in Richmond Hill. Paying your employees late or running into employee onboarding issues can cause frustration to your team and hurt your reputation. This is serious stuff!
We’ve seen founders in Richmond Hill make all sorts of mistakes when it comes to payroll including forgetting to run payroll, paying the wrong person, or not remitting payroll deductions to the appropriate tax authorities!
Instead of trying to run payroll yourself, consider outsourcing the admin functions of running and setting up payroll for your team to an external provider like our firm in Richmond Hill. Similar to bookkeeping, the opportunity cost of outsourcing your payroll processing function comes down to the old adage “In trying to save a few pennies, don’t be penny wise and pound foolish.”
Payroll processing
Submitting remittance payments to the appropriate level of government
Onboarding Employees
Offboarding Employees
Calculating and tracking employee benefits
Calculating and tracking vacation balances
Calculating, tracking, and paying hourly wages
Our payroll processing services are used by dozens of small businesses in Richmond Hill. We use a “high touch” service approach to ensure that your payroll is run smoothly and accurately each time. You will never have to run payroll, make salary changes, or enter expense reimbursements. Our team in Richmond Hill will take care of all your payroll needs and process your payroll according to your payout schedule
We typically use a payroll software provider to ensure that your payroll is processed accurately and on time. Our team in Richmond Hill has experience with the following payroll providers:
Employee off/on boarding can be an administrative nightmare in Richmond Hill. For employees hired in Canada, every business is required to ensure that each new hire completes a TD1 Form within 7 days of their start date. For each day that the form is late, a penalty will be charged to the company in Richmond Hill.
When you’re offboarding employees, the government requires that you complete and send a Record of Employment (ROE) which details how long an employee has worked at your company and how much he/she earned.
Last but not least, all employers in Canada are required to send employees a T4 tax form at the end of each calendar year that details an employee’s earnings and source deductions for the year so that an employee can use this information to file their taxes in Richmond Hill.
In order to make sure that your company in Richmond Hill is compliant with all the tax requirements for payroll, our team will ensure that your company is remitting the correct source deduction to the appropriate government authority.
USA
- Federal Income Tax
- State Income Tax
- Statutory deductions (Medicare, Social Security)
Canada
