New employees can be vulnerable, out of their element, stressed, and eager to please. Instead of providing a nurturing environment and offering instant validation, however, many businesses expect their new hires to turn into genuine attack dogs in a matter of weeks, providing little training coupled with high expectations. Given that the newest workforce generation […]

Commercial insurance is vital for managing business risk. But since no one can predict the future, shopping for a business insurance policy quickly becomes a nerve-racking game of, “Do I need this or not?” This anxiety about business coverage is justified. Business owners are in danger of either under- or over-insuring their businesses. The former […]

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 […]

It’s the end of December! Businesses around the world are planning for the new year and thinking about what they’d like to accomplish in the coming year. Call them what you will — goals, objectives, milestones, Key Performance Indicators (KPIs) — it’s important for small businesses to plan and set targets for the business and […]

As a payroll practitioner and professional bookkeeper, Melissa Lenos, CPB, PCP, of King Business Solutions knows her stuff when it comes to the payroll and bookkeeping process. She understands the implications of many finer payroll details that small business owners might not know to look for, what the consequences are of not meeting compliance or […]

In 2022, we witnessed accountants and bookkeepers work hard to meet the needs of many new and recovering small businesses across Canada. While the 2021 theme was “Resilience and Recovery,” this year’s theme is “Evolve and Grow” — and boy, did this community grow!  Adding thousands of new small businesses to not only their firm […]

 Year-end is once again upon us. Don’t worry, surviving year-end as a small business owner whose strength is making business magic happen and not payroll isn’t impossible. Especially since we’ve brought back our webinars, guides and feel-good content to get you through it while keeping it together. (In other words, reducing stress, headache occurrences […]

Punch cards, folded up pieces of paper, written timesheets and emails with best-guessed numbers were once the common ways of tracking employee time. For some of you, it may still be! The reality is these methods had their time, and with efficient time and attendance software now here to do the job, we think that […]

In this webinar recap, Wagepoint Community Manager, Bianca Mueller, walks you through working through year-end as a Wagepoint Partner.

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 […]