With over 180 pieces of provincial and federal legislation in existence in Canada that is always changing, compliance can prove difficult. Businesses that are not compliant could be exposing themselves to significant fines and penalties. In recent years, an employer’s obligations have transformed from a simple task to one that demands specialized knowledge of provincial and federal tax requirements, employment law, and workers’ compensation law.
Ignorance is no defense. Government auditors are aware that many businesses dismiss or are not aware of the importance of payroll compliance and target these companies each year. If you start incurring fines and penalties, you will be on the government’s radar and raise red flags which will result in increased occurrences of audit. Don’t be penalized! Let us audit your payroll for best practices and compliance with legislation and tax requirements. The cost of our services is considerably less than the cost of a government audit.
What do our audits cover?
- Tax calculations
- Bonuses
- Taxable benefits
- Severance payments
- Determination of the employee/employer relationship
- Year-end tax reporting
- Verification of T4s and RL-1 slips
- Taxable Benefits
- Severance and termination payments
- Proper completion of Records of Employment
- Proper application of employment standards
- Vacation pay
- Holiday pay
- Overtime pay
- Payments made upon termination
