Payroll Services

Payroll is a very large area of bookkeeping and requires knowledge of many government regulations. Trying to stay up-to-date can be very time consuming. Outsourcing your payroll can save a considerable amount of time and ensure that all taxes are remitted to the government on time.

Precision Bookkeeping is able to meet the needs of business owners by providing payroll services. This service is available on its own or as part of a bookkeeping package. Your payroll services would be tailored to meet the needs of your business. Some of the services provided would be:

  • recording wages or salaries of each employee
  • process and issue paycheques - direct deposit is also available
  • file and remit payroll taxes to the CRA
  • process T4’s and T4 summaries to the CRA
  • submit ROE’s either manually or electronically when needed

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