Payroll is no longer a simple operation, such as just paying your employees but a complex process that includes tax, EI, CPP, remittance, T4, deductions. As a business owner, you know that due to various government regulations, your payroll needs to be accurate.
You need to make sure your employees are getting paid on time, and all remittances are calculated correctly and paid on time. At the same time, small business owners usually can’t keep a full-time payroll expert as part of the team and often hire an accounting firm that specialized in payroll services. A professional accounting company aware of a wide variety of regulations that govern their activity, such as federal tax and labor laws, Ontario Ministry of Labour requirements, as well as industry-specific rules and employment instruments.
Taxory is an accounting company specialized in providing payroll services to small business owners. We offer complete end-to-end payroll solutions and provide quality work on time. We developed a process that allows us to take care of all aspects of payroll, such as the hiring of a new employee, parental or sick leave, vacation pay calculations, necessary income tax, and right through to end of employment (Record of Employment).
Our payroll experts will focus on your payroll administration and make sure you fully comply with all government regulations while you can focus on growing your business.
- Weekly/Bi-Weekly/Monthly payroll processing
- Payroll deductions, including CPP, EI, income tax
- Year-end processing, T4’s, T4A’s
- Payroll tax calculations, reporting
- New hires and terminations processing
- Preparation of Record of Employment (ROE)
- Pay run tracking
- Managing direct deposit
- WSIB (Workman Safety And Insurance Board)
- T5018 (For Construction Companies)
- The ability to pay both employees and contractors.
- Government filings and remittances processing
- Vacation, holidays, sick leave calculation
- Online access to pay stubs for all your employees
Most of our clients enjoy quick and easy online communication, document sharing, and online access to payroll essential documents.
Online access to paystubs.
Some programs such as QuickBooks online (QBO) provide online access for your employees to their paystubs as well as access current and historical T4s. They can update their personal and banking information using secure online access.
We will set up a direct deposit for all your employees, if you use QBO, so that they will get all the payments on time. That allows you to save time and avoid signing checks.
We work with all major accounting software when providing our accounting, bookkeeping, and payroll services and consider us experts in:
- QuickBooks desktop
- QuickBooks Online
- Intuit Profile
- Wave accounting
There is too much to consider when choosing a payroll service provider, and it may sound like a daunting task. However, when working with Taxory, you are choosing a team of experts who knows all aspects of accounting, taxation, and bookkeeping.
When choosing one of our bookkeeping packages, you will get not only payroll services but complete accounting and bookkeeping solution for your business. Below are some of the benefits you receive:
- Compliance with tax law and regulations
- Accurate record-keeping and reporting
- Online access to all payment-related information
- Quick payroll processing turnaround
Taxory is focused on providing bookkeeping and payroll services to small businesses and bring much value to the business owner. We concentrate on quality services and client satisfaction.