Payroll

Payroll

Hawco Peters and Associates provides custom-tailored services to meet your company's specific requirements.  We understand that one of the most important tasks in running a business is completing payroll, employees need to rely on being paid on a consistent basis without delays. Paying the appropriate employee tax deductions is essential to every business.

We provide efficient, well-organised, and professional services that allow you to concentrate on your daily operations and growth. We provide full-service payroll, including payroll calculation, paystubs, T4 preparation, and ROEs, using ADP management services. Payroll management can provide your company to track and control payroll costs, in addition to paying the correct tax deductions to the Canada Revenue Agency on time. We can also assist you in setting up the appropriate tools for time tracking and any other specific requirements you may have.

What Is Important to Bookkeepers When Processing Payroll

Payroll management can be a substantial strain for bookkeepers in small to medium businesses, especially when they are also doing other financial administrator tasks. Payroll is typically processed with a deadline for a specific time period attached. However, such deadlines can be difficult to manage and control when combined with the pressure of staying on top of other bookkeeping responsibilities. We recognise the importance of meeting this deadline, and we work with our clients to ensure accuracy and promptness when payroll time arrives.

Simple payroll errors can result in frustrated employees, incorrect payroll deductions, and additional fees, all of which might have been prevented if precision and the necessary tools had been used. Hawco Peters and Associates uses ADP management services as a precision tool to keep reliable records and ensure complete accuracy. We offer a straightforward and accurate payroll solution. by ensuring that deadlines are met and that data entry is completed accurately and double-checked at all times.

You'll get accurate payroll records if you have the right instruments in place for processing payroll. Employees are satisfied, and you avoid the risk of underpaying or overpaying employees, as well as failing to report and pay any payroll tax deductions to the CRA.

Why We Are Different

We acknowledge that bookkeeping is critical to a company's growth and success; it is the most effective way to maintain your financial records correct and up to date. Hawco Peters and Associates are dedicated to learning about your needs and assisting your company with the financial and government compliance aspects of its operations.

Payroll Services

Let us manage your payroll payments and government payroll remittances. We can:

  • Set up your staff in the payroll system (ADP)
  • Confirm everyone gets paid the right amount for the correct period
  • Manage salary and hourly paid employees
  • Ensure holiday and overtime pay calculations are correct
  • Establish  government remittance reporting and filing are done
  • Collect payroll and tax reports through ADP 
  • Reconcile payroll 

We Hawco Peters and Associates are dedicated to relieving you of the stress of meeting payroll deadlines. Our payroll services will ensure complete accuracy when entering payroll data and compliance with payroll deductions that will be directly sent to the Canada Revenue Agency (CRA).

We will make sure you've got a good timesheet system in place, set you up with ADP management services, and make sure your employees' and employers' information is correct and updated as needed. You will either pay your employees biweekly or monthly, depending on your type of business. We will ensure that payroll is reviewed and processed in time to provide ADP management services enough time to process payroll and send out payments to corresponding employees, as well as direct tax deductions to the Canada Revenue Agency.

Contributing To Your Company's Growth And Success

Using the knowledge of our team at Hawco Peters and Associates will provide your company with a wide variety of finance and business experience.

Keep Your Payroll Services Running Smoothly

Payroll is one of the most important aspects of business; it affects employee morale and reflects business payroll costs, financial stability, and business reputations. all of which are crucial to the success of your business. Because employees rely on their paychecks, errors or untimely payment can create a lack of trust.

Hawco Peters and Associates is committed to eliminating the stress of fulfilling payroll obligations for your business. We'll make sure payroll is reviewed and processed in a timely manner so that we may process payroll through ADP and deliver payments to the appropriate personnel, as well as direct tax deductions to the Canada Revenue Agency.

Having access to a third-party payroll service provides accuracy and compliance with evolving payroll regulations. Our team of professionals continuously stays updated with provincial and federal government payroll regulations. ADP management services ensure that the payroll administrator is informed of any payroll regulation changes.

Procedures And Standards For Bookkeeping

To ensure that your business records are up to date and correct, we use a four-step process to ensure that bookkeeping is efficient and consistent:

  • 1. Initial Meeting
  • 2. Documents & Set-Up
  • 3. Record-Keeping & Follow Up
  • 4. Monthly Reporting & Additional Services

We first meet with you to get a better understanding of your business goals and needs. Our team members will walk you through all the services we can provide, working with you to find the most suitable package for your business.

To begin the setup process we will send you a list of required documents to get you started. If your company is brand-new, we'll set up your QuickBooks account and the required software to get the bookkeeping process started. If your business is already established, we can review your bookkeeping practices and set up any new ones that will improve your company's record-keeping.

Following the setup phase, we require all the necessary information to begin the record-keeping process. Then, we'll begin by gathering and posting all the information required to reconcile your bank account(s). We will follow up if there is any missing information.

You will receive a bank reconciliation report and a monthly report once we have completed reconciling all accounts. We start the GST filing, payroll, and forecasting process depending on the needs of the business and the package selected.

Our Services: Bookkeeping & Payroll

Every business is unique, therefore we work hard to understand and adapt to yours so that we can provide you with the bookkeeping services you require, seamlessly integrated with your operations. We work together to guarantee that you always have accurate, timely financial data on hand to make informed decisions, so you can relax knowing that your bookkeeping is taken care of, whether you're at work or on the road.

PAYROLL FAQS

If your payroll software doesn’t automatically submit remittances to the CRA on your behalf, you’ll need to send them to the CRA according to their submission schedule. The deadlines vary depending on your average monthly withholding amount. Penalties will incur for missed deadlines. At Hawco Peters and Associates we utilise ADP management services to submit remittances to the CRA on your behalf.

ADP, or Automatic Data Processing, is one of the biggest providers of human resources (HR) software solutions and outsourced services in the world. Used by many businesses to process payroll payment to corresponding personnel, and remittances to the CRA.

The following are some of the reasons why outsourcing payroll services is useful to most businesses:

  1. Saves time: payroll can be a time consuming process, by relieving the finance department of these burdens, these employees can focus on other key areas of the business. 
  2. Minimises expense: Payroll outsourcing allows businesses to cut costs and analyse both visible and hidden costs associated with payroll management.
  3. Prevent mistakes: By working with professionals whose sole responsibility and focus is payroll, you will minimise the chances of errors, missed deadlines, or late payroll tax filing. 
  4. It improves responsiveness: By outsourcing payroll,  you will have a team that is dedicated to resolving any queries or issues your company or employees may have, speeding up response times.

A Bookkeeper You Can Trust

A Bookkeeper You Can Trust

Having access to a professional bookkeeper will assist your small or medium business in keeping proper records. Our bookkeeping and payroll services, as well as our team of experts, can help you save time and money by eliminating the need for a full-time bookkeeper. Our bookkeeping services are focused on providing efficient and accurate financial records to all of our clients while minimizing the cost of hiring a full-time employee. We are located downtown Calgary, however we have the capability and resources of working remotely if you are located outside of Calgary.

Bookkeeping & Payroll Services In A Box

Whether your company is expanding or going through a temporary staffing/financial transition, Hawco Peters and Associates can help you eliminate the stress and costs of hiring a full-time employee. We understand what it takes to run a business and are dedicated to assisting you in growing and succeeding. Contact us today for your confidential consultation at 1-403-829-1933 or fill out the contact form below.

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