Our Chartered Professional Accountant knows just what it takes to simplify the payroll process for our clients. We can use cloud-based accounting software to store your data safely in a remote server allowing us to automatically reconcile accounts and simplify the entire process. Using the right software, we are able to keep track of important details such as the employee hours, pay staff automatically or schedule payments in order to ensure deadlines are met. We use just the right software to simplify the process of changing employee’s personal data. Furthermore, our accountant can carry out tax calculations fast and avoid manual processes that are prone to errors by using the right software. Because we avoid manual processes when handling our clients’ payroll activities, we reduce errors significantly helping your business to save more money.
Why Seek Payroll Services?
There’s too much to consider when handling payroll work. First, you have to ensure the pay periods and deadlines are met and taxation guidelines followed to the latter. Failure to do this could attract numerous penalties which cost the business so much money. Additionally, because this work involves a lot of data entry, it’s always prone to errors. Manual data entry will always be more prone to errors as well as tax issues. You may end up overpaying or underpaying your employees which could result in serious compensation claims. You can avoid all this by hiring GTA Accounting Professional Corporation to offer income tax preparation Toronto.
Customized Payroll Services
In order to save you time and money, we consider the needs of your business when offering our payroll services. Your business may need to run bi-weekly, semi-monthly or monthly. We’ll choose an efficient solution to save you money. You may have more salaried employees compared to part-time employees which require changes when running services. If you have a high staff turnover, your work becomes more complicated. We’re here to make things easier for you by providing a customized tax services in Toronto. Get in touch with us for more.
More Than Payroll Services
When you outsource your payroll to us among other accounting services, we are able to handle all your financial information and provide all the required services in our office. For most of our clients to whom we are offering our accounting services, it’s easy to handle their service because we already have their financial information and data. We use online software allowing you to check your data whenever you need to. We even offer our clients simple training to understand how they can review their data in new and useful ways.
The maximum contribution to the CPP by both the employer and employee for the current year will be $2,748.90 each.
The contribution rate increased from 4.95% to 5.10 % due the CPP Enhancement which has been implemented on January 1, 2019.
As well as withholding income tax, Canadian employers must also deduct Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums and any applicable provincial employer taxes (source deductions).
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