In Canada, payroll processing needs to meet up to 190 legal requirements. Sound daunting?
Small companies need to ask themselves whether they have the time and resources to manage strict payroll requirements. And companies struggling to answer that question with anything other than a resounding “yes” need to know their options.
Payroll services or payroll providers are a great alternative for completing Canadian payroll. Payroll programs offer the following benefits to their clients.
How Can Your Company Benefit From Payroll processing services?
1. Employee Services and Tools
It may sound like payroll programs only manage, well, payroll. That is not true. In fact, payroll programs offer their clients important tools for their employees to use. Employees benefit from automatic telephone systems as well as web portal programs.
Employees are able to access important information, like schedules and pay stubs, from company computers and sometimes even while using the internet at home.
2. Online Payroll Processing
In society today, everything is moving online. So why not payroll?
Payroll processing firms create systems that allow small to medium sized companies to submit payroll online. Submitting payroll and employee payment information on the internet is fast, efficient, and, most importantly, secure.
3. Meeting Regulations for You
Third party payroll companies are extremely familiar with the ins and outs of Canadian payroll processing. Are you?
Companies that process payroll through an outside provider do not have to worry about legal restrictions and ramifications. Payroll processing services will make certain everything is up to snuff for you.
For example, the Canadian government continually issues tables to help employers deduct the most accurate amount from employee paychecks. Do not have time to keep up? Payroll processing companies take that out of your hands, and promise to keep your payroll current.
Small and medium sized businesses do not have a lot of extra resources and time. The best thing to do when you own a small company is to focus on your largest opportunity for revenue. That largest opportunity is whatever is at the core of your business. Let outside services take care of other details and hard work, like payroll, so you do not have to. Continue reading here.