Did you know that small businesses are the greatest source of uncollected taxes in Canada? As a result, the CRA is beginning to enforce payroll tax policies for small businesses. In order to avoid getting into trouble with the CRA, you have the option of seeking help from payroll service providers. These companies are available to take care of all your payroll needs for you, and by doing so, you will avoid getting into trouble with the CRA.
Many small businesses need payroll service solutions. In fact, more than 85% of public accountants encourage small businesses to get help from professional payroll providers. This is because these services offer several helpful employee-access tools, such as web portals, which allow you to manage your information and data more efficiently, and automated telephone systems, which allow multiple telephones to be used on the same system. Since both of these tools can help your business run more efficiently, it is important to find a payroll service that offers them.
Payroll providers also take care of all the difficult payroll tasks. Tax deduction, for example, can often be complicated. Although the Canadian government produces payroll deduction tables that are designed to help employers deduct the correct amount of tax from each paycheque every week, the directions are not always as self-explanatory as intended. As a result, professional payroll services take all this work off your hands, and all you have to do is approve one report and pay one invoice.
In order to avoid getting into trouble with the CRA, you must implement effective payroll service solutions. Fortunately, professional payroll providers are available to help. These services not only offer several employee-access tools, but they also take care of all the difficult payroll tasks for you, as well. As a result, your payroll needs will get handled efficiently, and all you have to do is sit back and reap the benefits.