Payroll Services

As a small business operator, it is essential to be up-to-date on your payroll services especially when it comes to ensuring that you are able to pay your employees on time. At Isaac Achal Professional Corporation, we utilize our previous experiences helping our clients meet their payroll deadlines by advising small business owners on what works for their business whilst maintaining legal compliance to municipal, provincial, and federal-sanctioned employment laws. Outsourcing your payroll services to Isaac Achal Professional Corporation will not only relieve the stress related to meeting your payroll deadlines, but hiring us can also help manage your business better.

CPA Isaac Achal and his team will help prepare accurate, reliable payroll, covering a number of factors, including:

• Accurate payroll calculations (using T4, T4 summaries and Record of Employment), disbursement, payslip generation, managing payroll tax services, and record keeping compliance.
• We use payroll software that helps reduce errors, including erroneous paychecks, while ensuring that all statutory compliances are met.
• Calculate CRA payroll tax to be deducted from employee paychecks (remittance).
• Ensure the payment of the Employment Insurance and the Canada Pension Plan.

Our Payroll Process

Step 1

By extrapolating information from an individual’s T4, we are able to accurately calculate payroll by using personal information such as:

• Full legal name
• Current address – employees are taxed based on their residence, not work address
• Telephone number
• Date of birth
• Social insurance number (SIN)
• Names and codes for internal departments
• Banking information for direct deposit
• Salary or wages, including commissions or bonuses
• Hours worked, if employee is paid hourly
• Vacation accrual
• Vacation allowable overdraw or carryover
• Registered retirement savings plans (RRSP) deductions
• Pension deductions

Step 2

We also help to deduct taxes owed to the CRA and other service fees from each payroll. This includes:

• Employment Insurance (EI)
• Canadian Pension Plan
• Worker’s Compensation
• Union dues
• Group benefits
• Other deductions

Step 3

Once the payroll and tax deductions have been calculated, finalized and approved, payroll disbursement to your employees will be processed through direct deposit, e-transfer, or cheque.

Step 4

To avoid identity theft and provide privacy to our clients, Isaac Achal Professional Corporation puts a premium on complying to strict standards enforced by the CRA to provide our clients with a strong audit trail.

Step 5

Contact us today to learn more about what we can do for you and your business. By combining our level of expertise in the industry, coupled with our hands-on approach to helping our clients we aim to meet your small business payroll needs.