tech-focused cloud technology and person-led payroll expertise to ensure that this part of your business runs as smoothly as the accounting does. We offer payroll processing and support, and help with all those year-end filings such as workers' compensation, T4s, RL1s, along with many others.
Paying your employees on time is one of the key aspects that keeps the business alive. Prudent Accountants offers the best payroll processing services in the market. We know keeping a check on the liabilities and salaries may become tedious. That’s why we make it easy for you to meet your legal, payroll, and tax obligations.
Payroll management is a time-consuming and tedious process, whether it is performing manually or using the software. Chances of error in both cases are quite high.
There are certain compliances that businesses have to make sure of for different kinds of employees. And also, one has to keep updated with laws and regulations in regards to the payroll management.
There are various kinds of human resources – full-time, part-time, interns, contractors, and so on. This only adds up to the intricacy of the process leading to increase chances of inaccuracy.
Fraudulence like ghost employees, falsified wages and commission, or even fake insurance claims can impact your organization as well as lead to a compliance issue.
Organizations in Canada generally does not have a Payroll Processing team or a personnel. It is performed either by HR or/and finance department which is not suggested as it hampers productivity.
Payroll management requires the use of technology to reduce errors in the process. But investment in either a payroll system or in-house experts resources can be a costly affair for the business.
Namaca as an outsourced payroll service provider offers the following
services :
Payroll generally is an operating expense for businesses provided the human resource employed contributes to the manufacturing or service process of your product and service. A business can not neglect the payroll function as it is a function that helps to calculate the total amount the company needs to pay to its employees for a certain period. Paying the employees on time and accurately can be a tedious task for small and medium businesses, but that being said, it can not be avoided as doing so will lead to employee dissatisfaction and penalties from the government.
Payroll management can be a time-consuming activity with a task like mapping timesheets, preparing employee pay slip, salary, PF and much more. The best way to take care of your payroll management is to outsource this function.
Your focus should be on growing your business, plain and simple. Our focus is your success, which means we need to be accessible and responsive. We make sure that a quick turnaround for any accounting or tax question is a top priority.
Our focus is on quality, not how many hours we can spend on a deliverable. In turn, you pay for a result, not for time spent.
Filing folders, cabinets, shoes boxes… time to forget them. Your team of virtual accountants uses smart tech that automates parts of the accounting process, which means everything is totally paperless. Less work, less waste, and less harmful for the environment.
Is that even possible? Yep – our approach combines cutting-edge tech with industry expertise, which means we’ve kicked all the complicated, sluggish parts of old-school accounting to the curb.
Let’s get to know each other – fill out a simple online questionnaire and we’ll schedule a free Zoom call. We’ll get to know your business better, and explore whether we’re the right fit for one another.
If we decide to work together after our discovery call, we’ll have a second free call to walk you through our process, familiarize you with the apps we use, and discuss a plan that’s tailored to your company’s needs – both for the immediate and the future.
Onboarding can be a little scary, but we’ll handle the process from A-Z for you. We’ll introduce you to your new team of dedicated accountants, then give you a little refresher on how the process works and how to use the different technologies. Now’s when things really take off: we start handling your day-to-day accounting so you can focus on growing your business.
Our goal is to continually make improvements to our process to best meet your company’s needs. Over the first few months we’ll check up regularly to ensure you are fully comfortable with the new setup, and make any necessary tweaks to make sure things are as efficient and lean as possible.
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