The Payworks year-end experience
Dec 04, 2019Innovation
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There are a lot of moving parts when it comes to finalizing your company’s year-end, and even the slightest hiccup can cause Canadian payroll practitioners an abundance of stress. The payroll solution you use should provide peace of mind. It should enable payroll compliance and reduce the risk of error throughout the year so come year-end, the job is smooth and hassle-free. If the thought of T4s is weighing you down, let Payworks help you do all the heavy lifting.
A helping hand
Each Payworks client is assigned their own dedicated Client Service Representative (CSR). During a hectic time of the year, always knowing who will be on the other end of the line when you need support is unparalleled. For day-to-day customer support, skip the introductions and back stories to instead deal directly with someone you know and trust. This relationship can make all of the difference during year-end.
Challenging time of year, easy-to-use application
Those who use Payworks for their year-end processing say they value our year-end check list. It's a step-by-step guide that serves as an interactive forum within the Payworks' application. It’s not only helpful; it also provides our clients with the peace of mind they’re not overlooking any important steps during a busy time of year.
Rest assured when it comes to remittances
No need to worry about submitting tax form information or remittances to the CRA/Revenu Québec; Payworks does that for you. Once you’ve finalized year-end, the rest is taken care of and you won’t be subject to penalties as a result.
Finalize when you’re comfortable, confident and ready
Payworks has one processing deadline for all clients (February 20, 2020). While we encourage all of our customers to follow the industry best practice of starting year-end and finalizing early, there’s no penalization fee for missing arbitrary deadlines. All Payworks’ clients have the February 20, 2020 deadline because Canadian employers/payers are required to distribute employee tax forms on or before the last day of February (February 29, 2020).
Get year-end reports and previews all year long
One of the ways we help our clients prevent costly errors and stress during year-end is by making reports and previews available throughout the entire year. Practitioners don’t have to wait until the last pay run of the year to see what their employees’ T4s will look like. By doing so in advance, there is more time to discover and recover from potential errors. Using Payworks’ solutions is the difference between having six months to fix your year-end reports or six days.