Payroll services consists of calculation of payments to employees for their work in the company whether based on time (hourly) or productivity (contract or salary), as well as calculation of benefits and statutory deductions.
Payroll can be scheduled to be processed weekly, bi-monthly, monthly or daily (for daily wage workers) but must be done on a regular basis as per the determined pay period.
Professional Payroll Services in Calgary
A good accounting company can help you avoid the headache and problems associated with inaccurate payroll systems.
Versatile Accounting & Tax can help you with timely, professional and accurate payroll services in Calgary.
Payroll services involve accurate payroll calculations, disbursement, payslip generation, managing payroll tax services, and record-keeping compliance. All these activities must be performed using good payroll software to ensure that employees do not get erroneous paychecks and all statutory compliances are met.
At month-end, we calculate payroll tax to determine the amount your employer is responsible for paying the Canada Revenue Agency for the deductions taken from the employee paychecks, known as remittance, plus the employer’s portion of Employment Insurance and Canada Pension Plan (CPP).
We’ll develop a payroll strategy that’s right for your business and your employees. For more information about payroll & Bookkeeping Services, contact us today or call (403) 472-5786.