Payroll administrators can be costly and hiring a full-time payroll administrator might not make financial sense for your business.
The average annual salary of a full-time, experienced Payroll Practitioner in Canada is about $65,000 plus benefits and payroll premiums depending on experience and job scope. Which when adding IT equipment and payroll software can quickly add up to over $5500/month to your operating expenses.
Pros to outsourcing your payroll services:
- Access to experienced payroll professionals who are well-versed in compliance and upcoming legislative changes which allows your employees to focus on what they do best
- Scalable to meet changing payroll demands without adding additional costs in salaries
- Provides consistent and accurate reporting
- Saves time and money on training payroll personnel and purchasing/updating software
- No need to worry about attendance issues, leave or vacation coverage and turnover
- Reduces risk of payroll fraud
Not only are payroll tasks frequently time-consuming, payroll mistakes can also prove costly in terms of audit penalties and employee turnover. Research suggests, for example, that 49% of employees will resign after just 2 pay cheque issues.
What can we do for you?
Let our team at Crossroads Staffing be responsible for ensuring your employees get paid correctly, on time, and that the payroll deductions are remitted to the CRA and other authorities.
Our payroll tasks may include:
- Inputting employee timesheets
- Determining payroll tax calculations on wages, vacation pay, termination pay, and banked time
- Calculating EHT (Employer Health Tax) and WSIB filings
- Processing paystubs and direct deposits for hours worked
- Preparing bookkeeping entries if necessary
- Withholding employee deductions and making government remittances (CPP, EI, Federal and provincial tax, etc.)
- Issuing ROEs (Records of Employment) for exiting employees
- Submitting T4s for employee income tax filing
- Give helpful and strategic reviews and advice
Let us take care of your most valuable asset, your people. With our dedicated payroll specialist, you can be sure your payroll functions will be managed to the highest standards. Our service is customized to fit your needs and we work closely with you to help you run your business more efficiently and effectively through ongoing support and training
Bookkeeping and Payroll Services for Simcoe County, Muskoka and surrounding areas including but not limited to: Barrie, Orillia, Bracebridge, Huntsville, Midland, Collingwood etc.
Take some stress off your current team and trust us to efficiently process your regular payroll cheques, T4’s, T4A’s, ROE’s, T4 Summary’s and more. We can save you time and you can rest assured your employees and reporting have been taken care of correctly and on time.
Payroll management is one of your organization’s most important administrative functions. Leave it to the experts and never worry about missing a payroll deadline or incorrectly tracking hours again.
Keep your employees happy- trust us to make sure they are paid correctly and on time. Enhance your productivity with our Payroll and Bookkeeping Services.
Contact us directly to learn more about our Payroll services
Bookkeeping and Payroll Services for Simcoe County, Muskoka and surrounding areas including but not limited to: Barrie, Orillia, Bracebridge, Huntsville, Midland, Collingwood etc.
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Let Crossroads Staffing perform all of your recruiting, payroll processing and bookkeeping for you!