Payroll Services

Payroll System


You are required to have and to operate correctly a Payroll System registered with the Canada Revenue Agency if you have employees.

You need to record and keep the following information:

Details of Gross Pay
Details of any Income Tax deducted or refunded
Details of employee Employment Insurance deducted
Details of employer Employment Insurance Liability
Details of Employees Canada Pension Plan Contribution
Details of Employer Canada Pension Plan Liability
Personal details relating to the employee


If you could like us to assist you in keeping these records for you please contact us so we can discuss further what information we need from you and what we can do for you!

"Wrong pay period can cause an employee to pay more tax and an employer liable to more liability"

Payroll is an absolutely essential yet resource intensive aspect of running a successful business. Company payroll is the financial records comprised of salaries, wages, bonuses and deductions.

Having payroll done in-house creates a lot of responsibility and increased costs. This means that a company must have on staff payroll trained employees as well as related payroll equipment and payroll software.

To reduce costs in terms of time, money, and related overhead, many companies choose to outsource their payroll functions to a qualified service that is dedicated to strictly performing company payroll for their clients.

In this extremely competitive climate, company success depends on recruiting and keeping top talent. As such, smooth payroll operation is an absolute must. If the company opts for in-house payroll, there are many software products. However, saving time and focusing on core competency may move a company to outsource their payroll function to a specialized service company such as Thannesans Incorporation.

Why Outsource Payroll

Payroll record keeping, maintaining records and tax reporting are time consuming as well as require large employment for maintaining payroll manually. Payroll is complex in nature due to involvement of taxations and various laws & by-laws for keeping it accurate. It will be very convenient for companies to outsource payroll jobs to outsource service providers who have good experience in payroll business. Such outsourcing firms employ highly qualified and experienced people who can handle your payroll accounts with ease.

Advantages of outsourcing Payroll

1.       Your company doesn't need to hire staff or maintain a payroll department,

2.       Pay for software and equipment and ensure that both their staff and equipment are up-to-date with latest governmental revenue requirements.

3.       Additionally, your company can focus on core competency, devoting most of your resources in this direction.

4.       While, at the same time, you can benefit from payroll experts and keep their top talent content.

5.       Using an outsourced payroll service is usually more efficient for a small business than processing payroll in-house, leaving payroll to experts frees up many hours that you can dedicate to other important aspects of your business and to build your business. Whether it is your time, staff time, or both, chances are the hours could be better spent acquiring more business, improving customer service, fine-tuning business operations or launching a new product line.

6.       Above all –AVOID PENALTIES

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