Payroll is a necessary evil. You want to reward your staff by compensating them fairly, but it takes up a great deal of your time and eats up your resources. For most businesses, payroll is one of the top 3 expenses. If you’re a small business owner, you’re most likely staying after work to process payroll. Remembering who should have their wages garnished, who is exempt and who isn’t is a headache. Fudging the payroll means that someone’s paycheck will be short. Your business has expanded to the point where you need to outsource this responsibility. Allow Kelowna Bookkeeping to be your saving grace.
Outsourcing payroll creates a window of opportunity for you to do what you want. Instead of spending a minimum of 1 hour each week dedicated to salaries, you have the option to leave work early and enjoy the great outdoors. Save time, be more productive and enjoy the freedom that entrepreneurship brings. All information about your payroll including graphs, statistics and digital paycheck copies is uploaded and stored in a cloud. You have access to this information 24 hours a day, seven days a week. Our clients never have to wait for us to respond to an email to view the information you need. We run a transparent bookkeeping company designed with you in mind.
When you Know Better you do Better
This title encapsulates the entire premise behind payroll and labor law. As a small business owner, we understand that you where a lot of hats. You are human resources, CEO, operations, sales and business development. There is no way that you can be expected to have your finger on the pulse of employment law. Yet, we consistently see entrepreneurs go down this road and it lands them in deep trouble with the Canada Revenue Agency. You don’t know what you don’t know. Avoid fines, audits, litigation and class action suits by hiring Kelowna Bookkeeping to manage your payroll.
According to national statistics, if you handle your own payroll, there is a 50% chance that you will make an error and be stuck with penalties. We know that it’s not your intention to buck the law but the CRA is heartless. They are not concerned with your intentions or how devoted you are to your employees. The CRA is only focused on the numbers in front of them. They will conduct an audit and when they do, it’s only a matter of time before they notice additional irregularities. We offer a comprehensive guarantee. Your company will never be fined, audited or wind up in litigation due to an error on our part.
Outsourcing payroll is the more effective way to do business. If you have 10 + employees, it is more efficient to hire a company to print checks, manage direct deposits, produce tax documents and submit payroll taxes. Our payroll systems are automated and available to clients 24/7. The way we see it, you have 4 choices. Opt to do the payroll yourself and leave your business open to avoidable risks. Assign the task to someone currently on staff, thereby pulling them away from much needed tasks. Hire an individual solely dedicated to bookkeeping. She will undoubtedly take advantage of all the perks and benefits offered. Lastly, you can enlist us to manage your payroll for a fraction of the cost and time required.