Having your payroll outsourced to a professional certified public accounting service such as Kemptville Accounting Bookkeeping Tax Services can save you a lot of time and headaches and ensure that information is being kept in an accurate manner. We are the experts in accounting, whereas our business clients are the experts in their field of business, and we wouldn’t expect them to also be experts in accounting. Here we will explain how our team are able to assist you with payroll services to help streamline your business and not need to worry about getting your staff paid on time.
Collection of Information
The first step in being able to provide payroll services to our commercial clients is to gather all relevant information about the people you have on your payroll. This means that we need to gather information on their type of employment be it fulltime, part time, casual or temporary. We also need to know the hours they complete each week, their hourly salary as well as if there are any changes to the hours the perform and when leave is taken by an employee. This information will help us to ensure that we are providing the correct payment information and lack of reporting from our clients may result in inaccurate payments and records being kept for your business.
One of the responsibilities of an employee is to ensure that a certain portion of their employees wage is being withheld for tax purposes. This information is provided to the employees on the payslips and will accumulate over the year so that they are able to use this information when it comes time for them to lodge their own tax return. It is highly important that you are fulfilling your duties as an employer and ensuring this information is correct, which is why outsourcing to an expert in this industry can help to alleviate some pressure from our commercial clients.
When you engage our team at Kemptville Accounting Bookkeeping Tax Services to provide you with payroll services, you can be sure that payments to your employees is going to happen on time, without the need for you to stay back after hours to get it done yourself. Our team will only require an email from you on the date of the payment cycle to advice us with the information of hours worked by your employees as well as any days of leave that were taken. From there we will be able to look after the rest for you and ensure your employees are paid in a consistent manner.
As we know, keeping records of all business expenses is important for a variety of reasons. When you have our team at Kemptville Accounting Bookkeeping Tax Services provide your business with payroll services, we will automatically be able to store and record this information for you so that when it comes to tax time you are well prepared.