Many businesses and operations manually manage their payroll; however, there is a way to save time and reduce costs. You guessed it – cloud accounting. There are third party payroll providers that can significantly improve your current payroll processes. Is it time to update your Payroll?
At Catalyst, we work with many payroll providers and one of our preferred products is Wagepoint. You can pay your employees and/or contractors, put payroll taxes on cruise control, and say so long to math stress.
Some benefits in particular are:
- Source deductions collected and remitted to CRA
- T4 slips and summary filing to CRA
- Contractor payments & T4A filing
- ROE filing
- Direct deposit
- Advanced reporting capabilities
- Employee portal access
- Seamless integration with QBO
- Expense reimbursements
Wagepoint is an affordable application that will help you streamline your payroll. If you feel that you are currently spending a lot of time calculating payroll or have experienced CRA penalties for late payroll remittances, it may be time to update your payroll.
If you are interested in more details or would like to get started, reach out to your trusted Catalyst advisor or firstname.lastname@example.org