Two affordable ways to hand off payroll admin, management… or both

Another year-end is officially in the books. Have you caught your breath yet?

If not, we get it: from collecting EI and CPP shortages, gathering any missing employee information, and ensuring year-to-date adjustments are processed… to making sure that earnings, deductions, and benefits are assigned correctly and EI and WCB rates are updated… you accomplished a lot in a short amount of time, and deserve all the kudos (and also a nap)!

Here’s the thing – while year-end may feel like a positive challenge for some, it may also be the last push other businesses need to handoff payroll for good.

If you promised yourself – after many hours toiling in front of your screen – that next year is going to feel different, Payworks’ Managed Payroll Services has tier options that’ll help you keep that promise to yourself. 

Today, we’ll answer:

1. How can I hand off payroll administration while maintaining oversight?
2. How can I completely outsource payroll administration and management?

How can I hand off payroll administration while maintaining oversight?

You’re rightfully confident in your ability to manage payroll… but whether your headcount has recently shrunk, new duties are piling on, or your time just isn’t quite stretching as far as it used to, it may be time to take a deep breath and hand off its day-to-day administration (including the tasks you can’t predict – like Records Of Employment [ROEs], bonuses, off-cycle runs, employee status changes, rate changes, and processing stop payments, recalls or trace requests).

Our Managed Payroll Services Payroll Assist tier allows users to stay connected to the big picture, retaining ownership of payroll and keeping it in-house, but with the benefit of access to expert, hands-on support when and where it’s needed most. And yes: that includes collecting EI and CPP shortages and year-to-date adjustments.

Our National Payroll Institute-trained team will reliably help fill the gaps, from payroll processing to CRA compliance, so you can stay in control of payroll without feeling overwhelmed by it. Built for Canadian businesses, Payroll Assist provides dedicated and responsive support with payroll tasks, reducing payroll errors, helping maintain compliance, and allowing you to maintain oversight while our experts handle the heavy lifting.

How can I completely outsource payroll administration and management?

If Payroll Assist sounds like a good start, but you’re looking for the complete package – a more white-glove service to hand off payroll entirely – then you’re looking for our Managed Payroll Services Payroll Complete tier.

We created this option for the business owners and managers for whom payroll is just one of a thousand tasks on their to-do list – and a particularly complex one, since it’s not their specialty. We get that you’d rather spend your days (and let’s be honest, many nights) on the parts of the business you’re passionate about and that’ll help you grow faster, as opposed to keeping up with things like legislative compliance requirements, meeting tight filing deadlines, or fixing the inevitable payroll errors that show up when you’re stressed out and rushing.

With Payroll Complete, we fully manage payroll on your behalf, ensuring compliance, accuracy and peace of mind – so you can focus on running your business. Our team provides end-to-end support, ensuring accurate and compliant pay runs and deductions, providing custom calculations and reporting, supporting complex payroll tasks, and more. We don’t just handle the to-do list; we proactively manage payroll operations to reduce risk, increase accuracy, and support your business’ growth.

We also take care of year-end processing for you, reviewing the setup of all earnings, benefits and deductions to ensure they’re going into the correct boxes, and with your approval by the Payworks filing deadline in February, we’ll file to CRA/RQ on time and you won’t be subject to late-filing penalties as a result.

Whichever tier you choose, we know that running payroll isn’t why you’re in business. So whether it’s Payroll Assist or Payroll Complete, you can choose the solution that matches your business size, internal bandwidth, and complexity. Remember: we love payroll and year-end so you don’t have to!

To learn more about Payworks’ Managed Payroll Services tiers, visit: https://www.payworks.ca/solutions/managed-payroll-services.