Payroll
We provide full-service payroll, including payroll calculation, paystubs, T4 preparation, and ROEs, using ADP management services. Payroll management can provide your company to track and control payroll costs, in addition to paying the correct tax deductions to the Canada Revenue Agency on time. We can also assist you in setting up the appropriate tools for time tracking and any other specific requirements you may have.
What Is Important to Bookkeepers When Processing Payroll
Payroll management can be a substantial strain for bookkeepers in small to medium businesses, especially when they are also doing other financial administrator tasks. Payroll is typically processed with a deadline for a specific time period attached. However, such deadlines can be difficult to manage and control when combined with the pressure of staying on top of other bookkeeping responsibilities. We recognise the importance of meeting this deadline, and we work with our clients to ensure accuracy and promptness when payroll time arrives.
Payroll Services
Let us manage your payroll payments and government payroll remittances. We can:
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Set up your staff in the payroll system (ADP)
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Confirm everyone gets paid the right amount for the correct period
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Manage salary and hourly paid employees
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Ensure holiday and overtime pay calculations are correct
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Establish government remittance reporting and filing are done
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Collect payroll and tax reports through ADP
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Reconcile payroll
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We are dedicated to relieving you of the stress of meeting payroll deadlines. Our payroll services will ensure complete accuracy when entering payroll data and compliance with payroll deductions that will be directly sent to the Canada Revenue Agency (CRA).
Keep Your Payroll Services Running Smoothly
Payroll is one of the most important aspects of business; it affects employee morale and reflects business payroll costs, financial stability, and business reputations. all of which are crucial to the success of your business. Because employees rely on their paychecks, errors or untimely payments can create a lack of trust.
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We are committed to eliminating the stress of fulfilling payroll obligations for your business. We'll make sure payroll is reviewed and processed in a timely manner so that we may process payroll through ADP and deliver payments to the appropriate personnel, as well as direct tax deductions to the Canada Revenue Agency.
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Having access to a third-party payroll service provides accuracy and compliance with evolving payroll regulations. Our team of professionals continuously stays updated with provincial and federal government payroll regulations. ADP management services ensure that the payroll administrator is informed of any payroll regulation changes.
Payroll FAQs
Payroll can be processed on a variety of schedules, including weekly, biweekly, semi-monthly, or monthly. The frequency typically depends on company policy, industry standards, and state or local labor laws.
WHY WE ARE DIFFERENT
At MJ Elite Accounting, we offer a comprehensive range of financial consulting services to address your unique financial needs. From financial planning and investment strategies to tax planning and accounting support, our team is here to provide the expertise and guidance you need to navigate the complex world of finance and achieve your financial objectives.
Many small-to-medium businesses rely on a single employee to manage their finances. It can be time-consuming and costly to rely on one individual to manage your company's finances. Your business finances will be analyzed by our finance professionals .
Finance Professionals
We'll keep your books and day-to-day financial administration up to date to give you an accurate view of your company's finances so you can make the best decisions possible. Depending on the volume of your business, we can update your books on a weekly, monthly, or even quarterly basis.
Keep Your Books Up To Date
We offer expertise based on deep professional backgrounds with decades of experience in legal, financial, business and accounting services all under one roof.
Robust
Network
It's critical to meet the CRA's compliance deadline. Keeping your books up-to-date can enable you to plan ahead of time. Hawco Peters and associates minimize the stress that comes with meeting deadlines, whether it's GST filing or paying employee remittance on time.
Meet Deadlines On Time
Keeping on top of your business finances can give you a clear picture of where your company is financially. Access to this data will enable you to meet your priorities and avoid late payments while also providing you with an accurate and transparent picture of your company's financial flow.
Operational Advantages
Our decades of experience, ongoing collaboration with others in the industry, and our network of business professionals allows for sound business and financial strategy that is tailored to your financial needs.