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SBQS Ltd. Accounting offers full-service payroll services exclusively tailored to business owners. With our affordable rates, state-of-the-art technology, and personal one-on-one service, we are the best payroll service provider for small businesses in Calgary.
We manage all your payroll needs, from employee engagement to termination, while maintaining the strictest confidentiality of information. Utilizing Canadian standard software with the latest tax tables, we keep you informed about all legislative changes to ensure compliance with payroll data and systems.
At SBQS Ltd. Accounting, we handle every aspect of your employees’ needs, from engagement to termination, with meticulous confidentiality. Our qualified accounting professionals integrate best-practice accounting standards into your business, simplifying your payroll model, providing immediate reporting, and ensuring compliance with regulatory bodies.
7 Steps to Small Business Payroll in Canada🍁
Understanding how payroll works: Breaking down the payroll process.
While companies may have different approaches to running payroll, certain universal payroll steps are essential to ensure timely payment for your employees.
- Ensure all paperwork for your employees is complete and up to date.
- Set up a payroll schedule. Decide on paying employees twice a month, biweekly, or on another schedule.
- Calculate your employees’ gross pay, considering factors such as their salary, hourly wages, or overtime hours worked.
- Deduct taxes, Social Security, health care plan contributions, or other applicable reductions.
- Calculate and deduct taxes and contributions.
- Pay your employees. While direct deposit is common, you can also issue paper checks.
- Maintain meticulous records. Proper record-keeping enables you to dispute claims and manage your taxes efficiently.
While it’s essential to understand how payroll works, you can feel comfortable letting payroll software take care of tax and contribution calculations. When set up correctly, payroll software reduces errors and increases efficiency.
How may we help?
We run payroll easily and accurately in QuickBooks Online Payroll, ensuring that small business owners can pay employees with confidence and precision. It’s essential for every business to understand how payroll works and how to ensure its reliability and accuracy.
Contact SBQS Ltd. Accounting today for a customized payroll solution tailored to your specific business needs.