Business Payroll
Business Payroll
Streamline, Simplify, Payroll Perfection Achieved
Broadmoor specializes in Canadian payroll services, streamlining processes to simplify your business operations.
With meticulous attention to local laws and standards, we ensure payroll perfection, delivering accurate and compliant solutions. Trust us to navigate the complexities, so you can focus on what matters most: growing your business.
Adherence to standards
We provide payroll services compliant with federal and provincial regulations, as per Canada Revenue Agency (CRA) for income tax deductions, employment insurance (EI), and Canada Pension Plan (CPP) contributions
What it includes
- Employee Data: Collect employee information including hours worked and salary details.
- Payroll Calculation: Calculate wages, deductions, and taxes accurately, ensuring compliance with Canadian federal and provincial laws.
- Direct Deposits: Process direct deposits or issue paper checks to employees, facilitating timely and accurate payments.
- Tax Withholdings: Deduct and remit taxes, including income tax, CPP, and EI contributions, to the Canada Revenue Agency (CRA).
- Reporting: Generate payroll reports for record-keeping and compliance purposes, providing transparency and facilitating audits
benefits to you
- Compliance: Ensures compliance with Canadian federal and provincial tax laws, minimizing the risk of penalties and legal issues.
- Accuracy: Calculates wages, deductions, and taxes accurately, reducing errors and ensuring employees are paid correctly.
- Efficiency: Saves time and resources by outsourcing payroll tasks to experts, allowing businesses to focus on core operations.
- Employee Satisfaction: Ensures timely and accurate payments, fostering positive employee morale and retention.
- Regulatory Compliance: Handles tax withholdings and remittances to the CRA, ensuring compliance with tax obligations.
- Record-Keeping: Generates payroll reports for record-keeping and auditing purposes, providing transparency and facilitating regulatory compliance.
How we work
Understanding Client Needs
Consult with clients to grasp their requirements, goals, and preferences, ensuring alignment with their financial strategies.
Implementing Efficient Systems
Introduce easy-to-use tools and processes tailored to client needs, promoting accuracy, compliance, and streamlined operations.
Providing Feedback and Support
Offer continuous assistance, communication, and training to ensure clients effectively utilize systems and address any concerns.
What we will deliver to our clients
- Accurate calculation of employee wages and salaries in accordance with Canada Revenue Agency (CRA) guidelines.
- Deduction of income tax at source based on federal and provincial tax rates set by the CRA.
- Calculation and remittance of Employment Insurance (EI) premiums for eligible employees.
- Management of Canada Pension Plan (CPP) contributions for both employees and employers.
- Compliance with federal and provincial regulations governing payroll processing.
- Timely submission of payroll remittances to the CRA and other relevant authorities.
- Customized payroll processing to accommodate various employee payment frequencies and methods.
- Accurate calculation of statutory holiday pay, overtime, and other entitlements as per employment standards.
- Utilization of advanced accounting software and technology to streamline processes and enhance accuracy.
- Provision of detailed payroll reports for client review and record-keeping purposes.
- Assistance with payroll year-end processes, including issuing T4 slips and reconciling payroll accounts.
- Proactive monitoring of legislative changes to ensure ongoing compliance with payroll regulations.
