Small business (that is, businesses with 50 employees or less) are often at a disadvantage when it comes to payroll services. More often than not, small business owners are unprepared for processing payroll, and because small businesses may not have enough resources to have its own human resources department, the responsibility is placed squarely on the business owners. There are more than 190 laws pertaining to payroll processing in Canada alone. For businessmen and women with little-to-no experience with calculating wages, filling out tax forms, and keeping track of work times (among other payroll tasks), payroll management can present a serious problem.
It is for this reason that 85% of certified public accountants in the country suggest small businesses should hire payroll processing companies for th
Payroll management can be a huge hassle for small business owners, especially those without much experience with financial record-keeping. Payroll for small companies can be a tedious and time-consuming process. Unfortunately for business owners, the consequences of inaccurate payroll management can be serious and costly.
However, there is help out there for any small business owner managing payroll. Outsourcing payroll to a payroll processing company will ensure payroll tasks are completely accurately, and on time. There is only one invoice to sign, which enables small business owners to spend time that was previously spent on payroll, focusing on their business.
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