Payroll is an important aspect of your business not only because it is how you compensate your employees, but also because payroll factors into your compliance with tax laws and other regulations. MPC has been designing customized solutions for small to mid-sized businesses for over twenty-five years. For live and after-the-fact payroll services that keep your business running smoothly, contact us.
Paying employees may seem like a simple task, but it is an area many business owners find themselves struggling with at some point. To manage payroll accordingly, it is necessary to:
- Accurately calculate week-to-week compensation, including missed work, overtime, bonuses, and any other fluctuating payments
- Remain aware of current federal, and provincial payroll taxes. Late payments mean unnecessary fees, which are non-deductible for income tax purposes.
- Withhold the proper amounts of payroll deductions, including Canada Pension Plan, Employment Insurance and income tax deductions.
Far more goes into payroll than you might imagine. When you enlist MPC to manage your payroll, all you have to do is provide us with each employee’s hours and rate. Our experienced accountants take care of the calculations and deductions. With accurate data provided by our team, your payroll duties are minimized to preparing and distributing cheques.
More of an accounting service, after-the-fact-payroll can help you maintain consistency as you plan for your yearly taxes. Our accountants work with you individually to prepare monthly, quarterly, or annual reports for tax purposes. We also prepare T4s for your employees, upon interruption of service, taking this responsibility off your shoulders so you can focus on growing your business.
Why Choose Miranda Professional Corporation
There are a variety of programs and services dedicated to payroll. This may lend to the idea that a payroll “specialist” will somehow be more beneficial to your business goals. Because MPC is a full-spectrum accounting and consulting firm, we see the correlation between payroll and taxes. We take the time to know each client and to ascertain their needs based on historical and projected data. Rather than focusing on one area of your business, we have the experience that can see you through changes as you grow.
Learn more about our payroll, tax, and accounting packages at +1 855-839-4969