We can assist you in calculating payroll for you and the other employees of your business. In addition, by reviewing your personal cash flow needs, bonus requirements of your corporation, and RRSP contribution limits and plans, we can assist you in determining the appropriate salaries to you and other managers of your business.
We can prepare T4 Summaries and T4 Supplementaries to report earnings paid to the employees of your business as required. Sometimes amounts are paid in addition to salaries to shareholders. We can prepare T5 Summaries and T5 Supplementaries to report these dividends. Nearly every BC corporation must register for coverage with WorkSafeBC. We can assist you in determining if you need to register, register your business and prepare WorkSafeBC Reports.
In addition to calculating and planning management salaries, we can also assist you in calculating payroll for your employees. Employees are typically paid semi-monthly or bi-weekly. Some are paid by salary or hourly. We can assist you with these calculations as frequently as you request.