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:
Our comprehensive payroll services cover all aspects of payroll management, from processing to compliance, ensuring your business operates smoothly. Services include:
Payroll Calculations and Processing
We calculate gross and net pay, deductions, and contributions accurately, ensuring that all payroll calculations comply with CRA standards.
Direct Deposit Setup
Kothai Accounting offers direct deposit setup, making payments fast and convenient for employees, with no need for physical checks.
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.
Records of Employment (ROE) Preparation
We prepare Records of Employment (ROEs) for employees as needed, ensuring accuracy and compliance with CRA requirements.
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.
Kothai Accounting’s payroll services are ideal for small to medium-sized businesses in Toronto that want to:
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.
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.