Do you run a small business in Calgary? Here are some of the incredible benefits you’ll receive if you hire a CPA accountant to help with the processing and preparation of your payroll.
If you own a small business, one of your key responsibilities is to ensure that you are up-to-date with your payroll services and that you pay your employees on time. At IAPC, our team has the experience to help you with payroll preparation to ensure you meet all your necessary deadlines. We help ensure:
- Accurate payroll calculations
- Omission of any forms of error, including erroneous paychecks, while ensuring that all statutory compliances are met.
- Accurate calculation of CRA payroll tax to be deducted from employee paychecks
- The payment of Employment Insurance and the Canada Pension Plan
Our Payroll Preparation Services Save You Time and Money
At our Chestermere accounting firm, we provide our clients with a full range of payroll services, from payroll preparation to payroll tax filings, taking a huge workload off your shoulders, so that you can focus on what matters most: building a successful business.
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PAYROLL PREPARATION SERVICES IN CALGARY
5 Benefits of Hiring Professional Payroll Services
Whether you run a large or small business, every business owner recognizes the pressures involved with payroll preparation, processing, payroll tax filings, and tracking paid time off. If you are struggling with this extra workload, here are 5 proven benefits of hiring a professional accountant to take care of all your payroll preparations and tax requirements:
1. They Can Help You Get (And Stay) Organized
Proper payroll preparation and organization begins with effective systems and processes for managing tasks, deadlines, and responsibilities. This can include detailed filing systems and software tools for managing various types of information.
An accountant who provides comprehensive payroll services has the experiences and tools you need to organize all your payroll requirements from the very beginning.
2. They Can Help You Define and Document Your Process
For all business owners, having a solid awareness of your payroll process is critical. A clear documentation of that process is also important in case your employees or stakeholders have any concerns or questions, or in the event of an audit.
Don’t know where to start or what to include? An accounting firm that offers payroll services can help eliminate any guesswork of developing an effective payroll process that works for your business.
3. They’ll Pay Attention to Details
When it comes to payroll, even the smallest details can make the biggest difference. Failing to pay attention to every detail can greatly affect your payroll management and staff. An accountant knows the ins-and-outs of every aspect of the job, and can therefore help you minimize liability and maximize your payroll process to support the growth of your company.
Your accountant can help you with:
- Proper classification of employees
- Tax regulations and exceptions
- Understanding labour laws
Outsourcing your payroll ensures that you won’t miss any important details, keeping you in compliance and penalty-free.
4. They Help You Maintain Accountability and Manage Expectations
Every company dreams of error-free and effective payroll management, but in many cases, it’s easier said than done. However, an accountant who is experienced in payroll management and preparation can help you set payroll rules and guidelines in place, and properly communicate these to your employees.
Once they are set, it’s important for you to ensure that your management and staff are accountable to the process.
5. They Can Adapt As Your Business Grows or Laws Change
No two businesses are the same, which means that payroll is not a one-size-fits-all endeavor. When you are choosing an accountant to handle your payroll, find one that understands:
- Your organizational goals
- Your company culture
- Best industry practices
Remember: the right choice will determine whether or not your payroll is completed on time and with accuracy, efficiency, and effectiveness.
Call Today
To find out more about our payroll services, and how we can take this responsibility off your shoulders so you can focus on other aspects of your business, contact us at 1 (403) 605-6887 or fill in our online contact form.
