Payroll
Efficient, Accurate Payroll for a Happy and Productive Workforce
Managing payroll efficiently is crucial for maintaining a happy and productive workforce. Our payroll services ensure accurate and timely processing, including tax deductions, benefits, and compliance with regulations. By leveraging advanced payroll solutions, we handle the complexities of payroll management, so you can focus on running your business. Enjoy peace of mind knowing that your employees are paid correctly and on time.
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Why Choose Our Payroll Services?
Is The Headache of Payroll Management Becoming Unmanageable?
We Work For You In Ensuring Smooth, Stress-Free Payroll
Still not sure?? Learn about Common Payroll Errors
Payroll is a complex process prone to errors, and even minor mistakes can have significant repercussions. Here are the most common payroll errors to watch out for:
Human Error
Miscalculations and data entry mistakes can lead to long-term issues.
Reporting employee hours, calculating overtime pay, and filling out forms incorrectly.
Missing deadlines for tax forms like T4s.
Misclassifications
Misclassifying employees as independent contractors or vice versa.
Incorrect pay and tax structures for full-time and part-time employees.
Hefty back payments and fines for incorrect payroll taxes.
Tax & Deduction Errors
Inaccurate tax reporting due to unadjusted TD1s and T4s.
Ignoring factors like overtime pay and incorrect provincial taxation.
Non-compliance with varying minimum wages and tax policies across the country.
Payroll errors can lead to significant financial strain, legal challenges, and damage to employee trust. Mistakes disrupt finances, incur fines, and require time-consuming corrections. They also expose sensitive data to breaches and can make your company less attractive to talent. Protect your business and employees by ensuring accurate and secure payroll management.
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Hear from Our Satisfied Clients
Discover how we've helped businesses just like yours achieve their financial goals. Our client success stories highlight real-world examples of how our comprehensive services have made a difference.
Rory
Owner, Frontline Property Management
"I have been working with David for the better part of two years and my business has grown tremendously. With his business knowledge and skills has help me identify numerous areas in my business that needed help."
Maria D.
"Very professional! Maria helped me with all my needs and questions. I’m very happy with her service and will trust her again in the future. Thanks so much for all you did."
Jonathon
Owner, JP Finishes
"Because David knows his numbers, he has helped my grow my painting business by over 250% in the last 3 months. He has helped my focus on the what's important and build on that. I highly recommend David to any business owner that is serious about growing their business."
Jared B.
"Very professional! Maria helped me with all my needs and questions. I’m very happy with her service and will trust her again in the future. Thanks so much for all you did."
Payroll Compliance Checklist:
Ensure Accuracy and Avoid Costly Mistakes
Master Your Payroll Management with Confidence
Stay ahead of payroll challenges and safeguard your business with our comprehensive Payroll Compliance Checklist. This guide is designed to help you navigate federal and Ontario-specific payroll regulations with ease, ensuring accuracy and avoiding costly errors.
Financial Navigator Blog
A Resource With Business And Personal Financial Wisdom and Growth
When an Expense Is Both Business and Personal What You Can Deduct
As a business owner, it’s common to have expenses that overlap between business and personal use. The tricky part is figuring out what portion is deductible. Done correctly, this can save you money at tax time. Done incorrectly, it can raise red flags with the tax office. Here are some detailed examples to guide you:
Home office costs
If you use a dedicated space in your home for work, you can deduct a percentage of household expenses such as rent or mortgage interest, utilities, internet, and insurance. The deduction is typically based on the square footage used for business compared to your total home.
Mobile phone and internet bills
Phones and internet are often mixed-use. You can deduct the percentage used for business calls, emails, or work-related activities. For example, if 70% of your phone usage is business-related, 70% of the bill is deductible.
Travel expenses
If a trip combines both business and personal activities, only the business portion counts. Airfare to attend a conference is deductible, but personal vacation days or family activities are not. Meals and accommodation are deductible only for the days you’re working.
Vehicle expenses
If you use your car for both personal and business purposes, you can only deduct the business portion. This is often tracked by mileage or a percentage of total use.
Equipment and software
If you buy equipment or software that you also use personally (like a laptop or design tool), you can claim the portion used for business. For example, if you use a laptop 80% for work and 20% for personal use, you can only claim 80% of the cost.
Utilities and subscriptions
If you share subscriptions such as streaming services, cloud storage, or design software between personal and business use, you can deduct only the business percentage. For example, if Canva is used strictly for your business, it’s fully deductible, but if it’s shared for personal projects, you’ll need to allocate accordingly.
You can deduct the business portion of mixed-use expenses, but you’ll need solid records like logs, receipts, or usage estimates to back up your claims.
Ready to get clarity on your expenses? Let us review your books, organize your accounts, and create a system that makes mixed-use deductions simple and stress-free.
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