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Payroll Services Toronto

Kothai Accounting specializes in personal tax services. We offer comprehensive and personalized tax solutions for individuals across the Greater Toronto Area, helping clients maximize their tax benefits while ensuring compliance with all tax regulations.

Payroll Services Toronto

Why Choose Kothai Accounting for Payroll Services?

Accurate payroll processing is essential for any business, ensuring employees are paid correctly and on time while staying compliant with Canadian regulations. Here’s why businesses across Toronto trust Kothai Accounting for their payroll needs:

  • Timely, Accurate Payroll: We ensure payroll is calculated accurately and processed on schedule, reducing the risk of errors and ensuring a seamless experience for your employees.
  • Compliance and Expertise: Our knowledge of Canadian payroll laws ensures compliance with all CRA requirements, including income tax, CPP, and EI contributions.
  • Personalized, Reliable Service: As a solo practice, Kothai Accounting offers direct support and customized payroll solutions to meet the unique needs of each business.

Our Payroll Services

Our comprehensive payroll services cover all aspects of payroll management, from processing to compliance, ensuring your business operates smoothly. Services include:

  1. Payroll Calculations and Processing
    We calculate gross and net pay, deductions, and contributions accurately, ensuring that all payroll calculations comply with CRA standards.

  2. Direct Deposit Setup
    Kothai Accounting offers direct deposit setup, making payments fast and convenient for employees, with no need for physical checks.

  3. CRA Payroll Deductions and Remittances
    We handle all payroll deductions, including income tax, CPP, and EI, and ensure timely remittances to the CRA, avoiding penalties and maintaining compliance.

  4. Records of Employment (ROE) Preparation
    We prepare Records of Employment (ROEs) for employees as needed, ensuring accuracy and compliance with CRA requirements.

  5. T4 and Year-End Reporting
    At year-end, we prepare T4 slips for employees and file necessary tax documents with the CRA, ensuring smooth and accurate year-end reporting.

Who Can Benefit from Payroll Services?

Kothai Accounting’s payroll services are ideal for small to medium-sized businesses in Toronto that want to:

  • Streamline payroll processes for timely, accurate payments.
  • Reduce the burden of payroll compliance and CRA requirements.
  • Ensure consistent, reliable support for ongoing payroll needs.
  • Simplify year-end reporting and tax document preparation.

Whether you’re a small business with a few employees or a growing company, Kothai Accounting tailors payroll solutions to meet the specific needs of your organization, ensuring smooth payroll operations.

Why Professional Payroll Services Matter

Accurate, compliant payroll processing is critical to maintaining employee satisfaction and meeting CRA standards. Partnering with Kothai Accounting gives you peace of mind, knowing your payroll is managed efficiently and in full compliance with Canadian regulations.

 

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