Payroll

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 […]

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 […]

Where there is an employer-employee relationship, and the employer pays the employee, the payroll is subject to Ontario’s Employer Health Tax (EHT).

This blog post is written for Canadian businesses. Click here for How to Handle Taxes on Bonus Wages for US companies. As exciting as bonus payouts can be for your employees, for most of them, it’s a bittersweet payment because of the amount that is paid out in taxes. While those concerns are valid, they […]

You sifted through the hiring pool, you found the ideal candidate for your small business that checks off all your boxes, you made the offer and they accepted. Congrats on hiring your first employee! The next step in the process is onboarding your employee. In other words, bringing them onto the team, getting them started […]

As a small business, have you taken all the right steps to become an employer? There’s more to hiring an employee than making sure everyone has the equipment they need to do their job or installing a shiny new coffee maker. Although, now that we mention coffee, feel free to grab a cup o’ your […]

From recruiting to payroll, here’s what you need to know.

Have you ever wondered how much it costs your small business to pay its employees? Do you want to know what percentage of your revenue is being spent on payroll? Are you curious about how many hours your employees are working each week? The answers to these questions lie in your payroll reports! Payroll reports […]

When it comes to protecting your personal and business information, there are a number of approaches to get the job done. For example, simple solutions like updating your password to be more complex or reviewing payroll reports can help you prevent fraud and catch suspicious activity on your account before it’s too late. At Wagepoint, […]

Wouldn’t it be nice if you could just plug in the payroll numbers, pay employees and move on? Now that’s simple payroll. Buuut there’s this small matter of payroll compliance, and as much as it might give you the heebie jeebies, it’s an integral part of the payroll process. What is payroll compliance and why […]