Accounting & Bookkeeping

Over the last six months, I’ve had the chance to talk to several bookkeepers and firm owners who’ve said the same thing: “I don’t take on clients with payroll.”  Which makes me question why? The reasons are consistent: I do not want to be tied down. It makes it hard to go on vacation. The […]

Payroll isn’t just another service to tack onto your bookkeeping or accounting offerings — it’s a powerful, revenue-generating opportunity that keeps clients sticky and loyal, when done right. But let’s be honest: keeping up with constantly changing payroll legislation, CRA updates, and client expectations can feel overwhelming. Especially in Canada, where compliance rules are nuanced […]

Mistakes happen. However, there are some lessons that are much better taught than experienced. Payroll is one of those. Payroll errors add up, literally. They aren’t just annoying or embarrassing, a wrong keystroke can carry heavy consequences for your business. It could mean wasted hours and resources to fix the problem — or worse, legal […]

In this post, we’ll outline the types of payroll deductions you need to make, along with which kind of remittance schedule you’ll need to follow. As advocates of simple, fast, friendly payroll, we’ll do our best to try to make this as painless as possible.

Did you know that cloud-based accounting practices are nearly twice as likely to experience revenue growth? In fact, a staggering 74% of practices using cloud-based accounting solutions reported an increase in revenue. Technology is more than a convenience, it’s a catalyst for growth. In our recent webinar, “How Technology Fuels the Success of Bookkeeping and […]

Advances in technology have transformed every industry, and payroll is no exception. Artificial Intelligence (AI), machine learning, and automation have revolutionized payroll processing, but one thing remains unchanged — human expertise is irreplaceable.  Adopting payroll automation isn’t just about using new tools; it’s about evolving your role. By embracing technology, bookkeepers and accountants can move […]

Payroll is often seen as an add-on service for bookkeepers and accountants, secondary to their core work. However, it can be a powerful service for growing your business, especially when serving small businesses. After all, small businesses make up 46.8% of private sector employment in Canada — that’s over 5.7 million people relying on payroll. […]

For many small businesses, payroll year-end is the ultimate test of endurance — a high-stakes challenge where mounting deadlines, complex regulations, and the risk of costly penalties converge. It’s no wonder so many business owners dread this time of year. The stress can feel overwhelming, like battling a relentless force of Kryptonite. But this is […]

The Wagepoint 2023 Canada Small Business Payroll Calendar gives you a year-long overview of key small business payroll deadlines so you can focus on running your business without worrying about missing important dates.

For small business owners, administrative tasks can consume as many as 120 working days per year. This is why bookkeepers and accountants are essential partners for any business, large or small.   But as any professional bookkeeper or accountant knows, bookkeeping is a labor-intensive job. This is why automated bookkeeping offers a highly effective solution to […]

With the right approach, switching payroll companies can be painless — and even beneficial for your business and employees alike. When you’re already juggling multiple responsibilities, changing a key business tool can feel like more hassle than it’s worth. Especially when it comes to something as sensitive as your payroll. The last thing you want […]

The best bookkeeping apps offer a fantastic and versatile way for bookkeepers to streamline tasks when working with small business clients. If you’re in your due diligence phase, trying to find the best options, you’ll find that most advice and articles on the market focus on big players like QuickBooks Online or Sage.  While these […]

Clients look to their bookkeeper or bookkeeping firm as their guiding light when it comes to payroll and paying their employees. No surprise then that as a bookkeeping firm owner, we do a lot of payroll. Meaning I needed to find the right payroll software. And my goal was to find a payroll software that […]

Cybersecurity is not something accounting professionals should skip out on or take lightly.   As financial guardians, you’re trusted with sensitive client information. Unfortunately, this makes you prime targets for cybercriminals looking for financial gain through data theft or ransomware attacks. And don’t be fooled — the threat is real. In 2021, a staggering 60% of […]

Payroll automation systems are the superhero many finance teams don’t realize they need. Imagine you could recycle all those time-consuming hours spent sweating over intricate spreadsheets, panicking over whether your formulas are up to date and if you’ve remembered to account for tax. Picture yourself getting it all done within a few button clicks, confident […]