Staying ahead of continuously-changing payroll tax regulations is challenging today. The complexities of payroll administration can be time-consuming especially when factoring in various aspects of the employment cycle – hiring, sick or parental leaves, vacation pay, unemployment, pension, and severance. Outsourcing of payroll responsibilities frees up valuable time and resources for companies to concentrate on their core business.
Employment/Payroll Tax Services
Minimizing Risk and Reducing The Guesswork in Employee Compensation
It is critical for companies to focus on addressing employment and payroll tax matters to avoid the risk of penalties, fines, and reputational damage. The lack of adequate payroll administration can also lead to missed opportunities to save money and time. As businesses grow and change, their payroll requirements create new challenges and every year brings new compliance and processing obligations.
Companies that are proactive with their employment and payroll responsibilities ensure reporting is accurate, employees are paid, and taxes are remitted on time. This avoids potentially expensive issues with the CRA and furthermore ensures that employees – the heart of any successful business – are properly taken care of. It also creates opportunities to evaluate and optimize payroll processes.
MDP provides professional, value-added employment tax services that improve efficiency, reduce costs, and keep your payroll information confidential. Our team collaborates with management to gain a deep understanding of the entire employee cycle, delivering a payroll solution that is tailored to the unique needs of our clients’ business – identifying issues, providing guidance and support, and ensuring payroll is accurate and transparent.
Our Employment/Payroll Tax Services can help you with:
- Full cycle gross-to-net payroll processing and management
- Government filings and remittances
- T4/T4A and Record of Employment (ROE) preparation & filing
- Direct deposit and electronic distribution of pay stubs
- Payroll data entry, platform configuration, testing, validation
MDP is distinct from many other accounting firms. Our practice group consists of individuals dedicated to providing the highest quality employment/payroll tax solutions. We assist clients with a wide range of tax services across Southern Ontario, including Mississauga, Oakville, Stoney Creek, Hamilton, Burlington, and throughout the Greater Toronto Area.