Handling the task of payroll processing can take up a great deal of time and requires significant effort to ensure that it’s completed accurately. From calculating deductions to determining remittances, this time-consuming process can impede your ability to effectively serve your customers and run your business.
At Clearwater, our professionally-certified team of bookkeepers and accountants are experts in payroll processing, with over 30 years of experience in the financial services industry. We are here to make the task of payroll processing easier for you. We can also help you set up a range of employee benefits and understand the impact that these benefits will have on your payroll deductions.
Did you know that nearly 40% of small business owners cite regulation and paper burden, such as payroll, as one of the biggest challenges to running their business? The average small business spends about 12 hours per employee on payroll processing each year, which can cost your business thousands of dollars every year.
Our payroll processing services will ensure that your employees are paid on time, via direct deposit or cheque. Your Canada Pension Plan (CPP), Employment Insurance (EI), income tax, and WSIB deductions will be precise and up-to-date — and you can rest assured that your taxes and remittances have been calculated accurately and on time.
Did you know that the way in which you provide your employee benefits can also affect your required payroll deductions?
At Clearwater, we provide employee benefit services as part of our comprehensive package for small business owners in Ontario. We can help your business set up a wide range of employee benefits, including coverage for:
Our team can provide support to help you determine if your employee benefits are taxable and the value of each specific benefit to be deducted. With over 30+ years of experience providing tax and payroll services, the team at Clearwater can help you ensure that your employee benefits and tax strategy are working together.
Discover how our payroll processing and employee benefits services can help your small business succeed!
Contact us today to learn how we can help you.
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