Payroll Services Newmarket
Professional Payroll Services in Newmarket by Roberts & Company Professional Corporation
We at Roberts & Company Professional Corporation are your trusted partner for comprehensive payroll services in Newmarket. With years of dedicated service and expertise, we pride ourselves on delivering top-notch payroll solutions to Richmond Hill, Aurora residents.
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With over three decades of experience, our specialized payroll services in Newmarket are designed to streamline your payroll processes, ensuring compliance with all local regulations. Contact us today to get professional payroll services.
Payroll Service in Newmarket and Surrounding Areas
Our payroll services encompass many solutions to cater to various business needs. These include -
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Employee data management: We ensure that all employee information is accurately recorded and securely managed, reducing the risk of errors.
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Payroll processing: Our advanced systems streamline the payroll process, from calculating wages to generating pay stubs.
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Tax withholdings and filings: We handle all tax-related tasks, ensuring compliance with federal and provincial regulations.
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Direct deposits and payslips: Our team provides your employees with convenient and secure access to their pay information.
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Customized reporting: Receive detailed reports tailored to your specific requirements, giving valuable insights into your payroll expenses.
Corporate Tax Services
Besides our payroll services, Roberts & Company Professional Corporation offers various corporate tax services. They are -
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Bookkeeping services
Our comprehensive bookkeeping services are tailored to meet the needs of Canadian businesses. Our services allow you to make informed decisions and ensure compliance with Canadian accounting standards.
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Government remittances and payroll
Navigating the intricacies of government remittances and payroll in Canada can be complex and time-consuming. We handle everything from calculating and withholding taxes to preparing and filing necessary reports.
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Financial statement preparations
Accurate and professionally prepared financial statements are essential for understanding your business's financial performance and position. These statements clearly show your business's economic performance, enabling you to make informed decisions.
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New business startup consulting
Embarking on a new business venture in Canada requires careful planning and strategic insights. Our services are designed to guide you through the process and ensure a solid foundation for your business.
Legal Process for Payroll Services
For setting up a business dealing in payroll services in Newmarket, you must follow these steps:
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Registration: Get your business registered with the Canada Revenue Agency (CRA). Once you do it, you will receive a Business Number (BN).
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Account setup: Then, you need to open a payroll program account with the CRA, which will remit all the deductions from the payroll deductions.
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Information collection: You must also collect information about your employees, such as their Social Insurance Numbers (SINs), Tax Forms (TD1), and other employment details.
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Determination: Then, you must establish the method (e.g., direct deposit, cheque) and the frequency (e.g., weekly, bi-weekly) of payment to your employees.
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Deductions: You need to keep track of all the deductions, such as income tax deducted from your employee's wages, their contribution to Canada Pension Plan (CPP), and Employment Insurance (EI) premiums.
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Remission: These deductions must be remitted to the CRA according to the scheduled day, monthly or quarterly).
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Preparation and distribution: All these transactions must be made clear to your employees through a detailed account of what has been deducted and remitted. It must also include gross pay, deductions, and net pay.
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Filing returns: You must file annual T4 slips and their summary to the CRA by the end of February each year.
FAQ
Here are a few frequently asked questions about our payroll services in Newmarket:
