Payroll

One of the best perks of running a small business is the close relationships you build with your employees. After all, you work together every day, and you know you can rely on them to show up when you really need them. It’s like having a second family, right? The flip side is that you’re […]

If you loathe spending hours on tax forms (and who doesn’t) you might be dreading having to deal with TD1 forms. These might seem like yet another admin task to put on your never-ending to-do list, but they play an essential role in determining how much tax you need to keep back from employee wages […]

If you hire employees, there’s a good chance that one or more of them might become a parent while they’re working for you. It’s important to understand the ins and outs of how maternity and parental leave will affect your small business so you’re not scrambling to figure everything out at the last minute. In […]

If you’re new to the world of payroll, you might have come across one of the common acronyms, YTD. This stands for year-to-date. You might now be wondering how it fits into the overall scheme of things. This is an important calculation in payroll management, so understanding how it works is essential for both your […]

If the thought of calculating the correct pay for your employees is making your palms sweaty, you’re not alone. As a business owner, gross pay versus net pay calculations might feel like payroll Armageddon (especially when there’s a calculation SNAFU). Not to mention, you also need to be able to explain these calculations clearly to […]

Ah, vacation time. Two of the best words in the English language (aside from “paid vacation” that is). But while employees dream about pina coladas and hammocks, small business owners tend to view vacation time (and terms like vacation accrued) as yet another complicated task they need to take care of. Tracking paid vacation time […]

As an employer, there are many decisions that you’ll have to make when it comes to hiring and paying your employees. Minimum wage, AKA the lowest hourly pay rate that an employer can pay an employee? That’s not one of them. In Canada, minimum wage by province or territory falls under the domain of the […]

Updated July 2022. Learn about the minimum wage requirements in the US by state.

Payroll is a non-negotiable aspect of doing business — it’s also one that you can’t mess up. You’re not only dealing with the livelihood of your employees, but the Canada Revenue Agency (CRA) is pretty unforgiving when it comes to payroll errors. So how can you streamline payroll to optimize processes and pave the way […]

You’ve probably heard the term “working on commission” and have a general sense of what it means, but what is commission pay really? Whether you’re a business owner that’s considering this pay structure or not, it’s helpful to get to know what it is in case an employee asks about it. You may even decide […]

As the year draws to an end, you may find yourself wanting to show your appreciation by offering an employee bonus. If it’s a fit for your company culture and budget, it’s a great thing. But it also made us curious about who gives employee bonuses and why?  General Trends for the Employee Bonus Accounting […]

This post is written for Canadian self-employed sole proprietors. For the American version, click here.  Company of one? If you’re the only owner of your business and you haven’t formally incorporated, you’re a sole proprietor. If you work for yourself with your main source of income stemming from this business, you’re also self-employed. Congratulations and […]

In any payroll, there is always a certain portion paid out toward an employee’s income, such as regular wages, and a certain portion that is deducted from an employee’s income — aka payroll deductions. Knowing what these are will make sure you’re remaining compliant each pay run and your employees are paid accurately. What are […]

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.

A year can be divided in multiple ways: 52 weeks, 365 days, or 12 months. This means there are different payroll schedules that a business owner can follow — weekly, bi-weekly, semi-monthly, or a combination of a few. How do you know which payroll frequency is the most optimal for your business? While there are […]