Payroll Services

Your Local Accounting Expert

As an employer, it is your responsibility to deduct income tax, EI – Employment Insurance premium, Canada Pension Plan contributions from remuneration to employees, and remit these deductions to Canada Revenue Agency monthly or quarterly.

At first, managing payroll may not seem like a critical task until something goes wrong. It can be time-consuming, but, more importantly, it requires a good knowledge of the tax laws and deposit rules.

As a small business, it can be challenging to keep up with all of these tasks. In addition to paychecks, a professional payroll service can help generate the payroll forms you require, file your payroll tax returns, and more to help you keep your business running smoothly.

Comprehensive Payroll Solutions

At YS Accounting and Tax Services, my payroll services are designed to provide you with a comprehensive solution for managing your payroll duties. With my services, you will only need to provide your employee data, such as the hours that have been worked, employee address information, and other related details. Once I receive the data, I’ll handle the rest.

Here are the payroll services that I offer:

  • Checks or Direct Deposit for Your Employees
  • Federal Tax Liabilities
  • Source deductions remittance
  • CPP, EI, EHT compliances
  • Issuance of year end slips (T4, T4A, T5018 & ROE)
  • Customized Payroll Reports

Using a payroll service might not seem necessary for managing your payroll until there is a problem. However, correcting issues with payroll can be time-consuming and also requires a thorough understanding of the tax laws and deposit rules.

Using a professional service like YS Accounting and Tax Services can take the headaches out of doing your payroll. I’ll also monitor all applicable federal and provincial laws that may affect your tax filings. I’ll stay on top of these updates so that you will never have to worry about being left behind.

Security and Compliance

When you work with me, you will also have the assurance of knowing that your data is secure. I adhere to the data security regulations as required by federal compliance agencies. These regulations ensure that your data is securely maintained and transmitted to the appropriate tax agencies.

Whether you are just starting your business or you would like to switch to a better system for payroll processing, I can provide the business services that you require. I can help simplify the payroll process to help you more effectively manage your business. Let me assist you with your payroll needs so that you can focus on running your small business. 

If you’d like to receive more information about my payroll services, please call me at 705-352-9503 or contact me.

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