Payroll Processing & Employee Benefits
Are spending hours on payroll processing, when you should be running your business? Are you unsure how your employee benefits impact your payroll deductions? If your small business is struggling to cope with the burden of paperwork, then we can help.
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.
Payroll Processing Services
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.
ADP Payroll Processing
At Clearwater, we partner with ADP, the largest payroll processing company in Canada, to offer our payroll processing services. Their user-friendly payroll system is easy to use and will allow you to quickly set up a new employee, manage direct payroll deposits, and automatically remit your payroll taxes.
ADP payroll processing will provide your small business with a fast and accurate payroll solution at your fingertips. Your employees will be paid on time and all filing and reporting will meet the regulations defined by the Canada Revenue Agency (CRA).
We can also help you to prepare and manage payroll audits by the CRA.
Employee Benefit Services
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:
- Medical-related expenses
- Life insurance premiums
- Education-related benefits
- Employment insurance benefits
- Disability-related benefits
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!