Our Services
Real Time Payroll Services
In today’s fast paced environment the significance of accurate visibility of business dynamics and performance cannot be ignored, because delay in availability of real time results can cause loss of opportunities, unawareness of threats which ultimately can lead to delay in success and growth. We are the partners in success and growth for business industries of all kinds and sizes, striving to perform at their best and to reduce their costs without compromising the quality at all. It is often seen that in small scale industries the books and financial statements are merely treated as a tool for tax filing rather than considering them a mirror of health and performance of the businesses. This thought process may often lead to serious pitfalls and loss burden on the business owners (Entrepreneurs). Therefore, notwithstanding the size of the business having complete and real time books in the businesses is always an asset and a smart move to prepare you for the upcoming future.
We as professionals always emphasize on the importance of the real time bookkeeping and the level of benefits it can provide to the businesses in the long run. It just not merely helps in tax filings, rather it caters the decision of product pricings, product mix variations, optimizing financing options, helps understanding the competition, Industry comparisons for long run and cost reduction plannings, awareness of winning patterns to achieve potential success, business strategy formulation and much more. Therefore, considering the books as only tax filing tool will not serve the very purpose of financial statements and books preparation.
The real time books preparation provides early wake up call of the errors being done by entrepreneurs in there businesses and helps them overcoming those errors sooner rather than taking actions after so much delay and suffered losses.
This is How We Work
- Preparation of real time employees’ master data to control and facilitate the client’s employees' records.
- Preparation of most favorable cost to company contracts for the bilateral benefit of our clients and employees’ as well. (basically, devising the component of cost to company for bilateral benefits), thinking about the items to include or play with them to provide benefit to the company and employees as well, by considering the personal tax and company tax in play.
- Precise, accurate, clean payroll reports preparation for each pay period.
- Facilitation of payment of salaries to employees on time. (thinking to play with the funds being received for payment to employees)
- Facilitation of payment to the revenue authorities to avoid any interest & penalties due to any delays in remittances. (Thinking to play with the funds being received for payment to CRA – in the time period the funds received and last date of payment to CRA)
- Competent in payroll preparation to facilitate the differences in each provincial norms.
- Pay cheques sending to the client at the end of each pay period.
- Monthly, quarterly, half yearly and yearly payroll reports for clients’ support.
- WSBC, WSIB, wage loss benefit insurances returns filing.
- Employee Health Tax return filing (EHT).
- T4 and T4A preparation and filings.
- Reply to CRA for payroll related queries and scrutiny of CRA Payroll account to monitor any issues, anomalies or unexplained adjustments in CRA account caused by CRA. To save money for the clients. To save excess remittance due to payroll calculation anomaly by proper calculation.
- Expert in all the available payroll software for e.g. Paychex payroll, ADP Payroll, all other payroll modules of all the prevailing accounting software in industry.
- Issuing Record of employment for the employees leaving the company.
- Keeping the payroll database intact for at least 7 years with us with security and confidentiality.
Have a Question?
Reach out to us for personalized financial solutions and Real Time All services — let’s achieve your business goals together.
We are your trusted partners in precise accounting & financial management, empowering growth and success with an economical customer-centric approach and integrity.
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Meticulous Consulting Inc acknowledges that we work and live across the traditional and unceded territory of many Indigenous and First Nations peoples and Métis. Meticulous respects the sovereignty, lands, histories, languages, knowledge systems and cultures of those to whom this land is sacred.