Payroll connects employment terms, time records, source deductions, remittances, taxable benefits, accounting and year-end information returns.
A sound payroll setup
Before the first pay run, an employer should confirm the payroll account, pay frequency, employee information, compensation, vacation policy and remittance frequency. Contractor arrangements require separate classification analysis.
Salary, hourly earnings, overtime, bonuses, commissions, allowances, reimbursements and benefits may be treated differently for income tax, CPP and EI. Configuration must reflect the actual arrangement.
Processing and reconciliation
Every run should be supported by approved hours or compensation data and result in a clear register. Net pay, withholdings and employer costs must post to the ledger while remittances clear the liability.
Regular comparison of payroll reports, the general ledger and CRA account activity finds omitted runs, duplicated payments and manual adjustments before year-end.
Year-end reporting
T4 and T4A work is more than printing slips. Employer totals must reconcile with registers, the ledger and remittances, and taxable benefits or manual cheques must be included.
Departures, bonuses, amended slips and ownership changes require controlled handling. Records should explain what changed, who approved it and how it affected remittances.
Services included in a tailored scope
- Account setup
- Payroll processing
- Source deductions
- Remittances
- Taxable benefits
- T4 slips
- T4A slips
- Reconciliation
The final scope depends on the legal entity, filing history, transaction volume, condition of the records and deadlines. Deliverables, responsibilities and fees are confirmed before work begins.
Frequently asked questions
Can the work be completed virtually?
Yes. Meetings can be held by telephone or secure virtual appointment, with records exchanged through an appropriate secure process.
Is there a physical office in this municipality?
No local physical office is represented unless a verified address is specifically published. Service is available remotely across the GTA.
Can personal and corporate services be coordinated?
Yes. Related filings can be planned together when the engagement and authorization cover both the company and its owner.
How do I begin?
Call 780-667-5250 or use the consultation form with a brief description of the entity, period, service and deadline.