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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 […]

The end of the year comes with a lot packed into a short timeframe — holiday shopping, quality time with loved ones, making sure you don’t end up on Santa’s Naughty List… When you run a small business, working on your payroll year-end is another thing you have to make time for. The sooner you […]

McRally is a Calgary-based boutique advisory firm that focuses on growth and profitability for small and medium-sized businesses. Their custom-tailored solutions around business strategy, tax, accounting and finance help drive their clients’ business towards success — including implementing payroll as a function of business success with Wagepoint. McRally clients come from a range of industries. Note: […]

This post is written for self-employed sole proprietors in the United States. For the Canadian version, click here.  The most common form of small business ownership, a sole proprietor (sole proprietorship if you’re being formal) is an “unincorporated business” where the owner literally owns the entire business. As such, for tax reasons, the business and its […]

Whether you process payroll in-house using payroll software or manual methods, there are five key payroll functions you need to account for as a small business owner. These payroll features are common to small business owners in the US or Canada. Need help finding the perfect payroll provider? Use our 5-point qualification checklist to get […]

Employers are expected to pay overtime to employees who work above and beyond the legal maximum workweek or workday hours. That may sound simple enough, but in Canada the overtime rate kicks in at a different time depending on which province your employee worked from. To complicate matters further, the overtime pay rate also changes […]

It’s the most wonderful time of the year… Well, perhaps not the MOST wonderful time of the year — especially for payroll professionals.  Year-end is fast approaching and with it comes the often daunting task of generating tax forms T4, T4A, and Relevé. Then, no later than February 28 (February 29 on a leap year), […]

Updated January 2017 + [Infographic]  Remote working is on the rise, and it’s quickly spreading across the planet. We do not need to look to a far off date in the future to realize the possibility of a remote workforce; it’s happening as we speak. Anyone with a reliable Wifi connection and decent work ethic […]

You’ll need to figure out how to pay your employees, even if you only have one employee to pay.  You might think that the manual method of cutting checks to your employee(s) and the government makes the most sense, because you have so few employees on payroll. But, if you lay the right groundwork for your […]

Updated February 2018 Becoming an entrepreneur is full of ups and downs. There’s the fun stuff, like interacting with customers, creating awesome products, and living the entrepreneurial dream. But there’s also the not-so-fun stuff — like paying your business taxes. Tax season doesn’t have to be a nightmare, especially if you plan ahead. Learn how […]

Updated March 2017 As a small business owner, there are a lot of things that can keep you up at night. But there’s nothing worse than losing sleep because your small business isn’t payroll compliant. There’s no such thing as ‘the small stuff’ when it comes to payroll compliance. What is Payroll Compliance? In a […]

On March 25, 2015, we had the honour of presenting at Product Hunt Toronto‘s fourth community meet-up event. The theme for the night centered around products that help small and medium-sized companies run their daily operations smoothly so that they can focus on growing their businesses. And as a company on a mission to simplify […]

Before you can start paying your employees and enjoy that “responsible employer” feeling, there are a few things you need to take care of from a government standpoint. And that’s the stuff you don’t want to get wrong because the CRA can come down on you with some pretty hefty fines. Verify your Compliance with […]

Your business is taking off, and it is time for you to bring on some extra help to keep up that momentum. You’re scanning through resumes and talking to your network so that you only hire the best talent, but even before you make that hire, the first thing you want to consider if you […]

That’s the million dollar question — or possibly the question that could result in million dollar fines. When we start out on the journey to making our business dreams come true, we all have a moment where we think “Payroll’s a no-brainer! I just have one employee’s payroll, so I’m sure I can handle this […]