Payroll Management
Let Us Take Care of Your Employees
Whether you’re generating reports for internal use or stakeholders, accuracy and clarity are essential. Your financial reports should reflect your company’s true financial position and key performance indicators (KPIs), providing valuable insights for decision-making. At Targeted Accounting, we ensure your reports are not only precise but also delivered on time, giving you the reliable financial data you need to drive your business forward.
Managed Payroll Services in Toronto
At Targeted Accounting, we take pride in being technological innovators and experts in our field. By combining advanced payroll software, industry knowledge, and financial expertise, we develop tailored solutions that take the stress out of payroll management—so you can focus on what matters most: growing your business.
Real-Time Access When You Need it
With real-time access to pay stubs, financial records, T4s, and more, your employees will always have the information they need—eliminating the dreaded, “Where’s my stub?” question. By entrusting your payroll to Targeted Accounting, you ensure standardized compliance across the board. Our reliable system, backed by expert management, gives you the peace of mind to focus on running your business with confidence.
We provide full-service payroll management tailored to Canadian businesses. This includes payroll processing, tax calculations, direct deposits, remittance of CPP, EI, and income tax to the CRA, year-end reporting (T4s, T4As, and ROEs), and compliance with provincial and federal labor laws. Our goal is to simplify payroll while ensuring accuracy and compliance with all CRA regulations.
Our team stays up to date with the latest tax laws and employment regulations to ensure full compliance. We handle payroll tax filings, deductions, remittances, and reporting to avoid penalties and keep your business in good standing with government agencies.
We primarily use Wagepoint, a reliable and CRA-compliant payroll software designed for Canadian businesses. Wagepoint streamlines payroll processing, tax remittances, direct deposits, and year-end reporting (T4s, ROEs). However, if your business already uses a different payroll system, we can accommodate your existing setup to ensure a smooth transition and seamless payroll management.
Our Payroll Management Services
Our core service involves processing payroll accurately and efficiently. This includes calculating wages, deducting taxes, and managing other deductions such as healthcare contributions and retirement benefits. We ensure your employees are paid accurately and on time, boosting morale and productivity.
Payroll taxes can be complex, with different rates and regulations at the federal, state, and local levels. Our team ensures compliance by accurately calculating, withholding, and remitting these taxes. We also handle all required tax filings, reducing your administrative burden and helping you avoid costly penalties.
Our team integrates payroll management seamlessly with your existing financial software. This integration ensures accurate data entry and synchronization, reducing the risk of errors and facilitating comprehensive financial reporting. This process also streamlines your bookkeeping, making it easier to monitor and manage all aspects of your business finances.
Get in Touch With Us
Have questions or need more details? We’re here to help!
Reach out to us today, and let’s discuss how we can support your needs. Fill out the form, and we’ll get back to you as soon as possible.
