As a small business owner, you’re used to rolling up your sleeves, DIY-ing new projects and wearing many hats (you’re kind of like a superhero!). But, while all that hard work makes you amazing at what you do, there’s nothing quite as satisfying as taking a huge task off your plate and putting more time back in your day. That’s where online payroll comes in. Instead of spending hours manually entering payroll data, online payroll automates the most (mumble mumble) complicated payroll functions, so that you can get back to doing literally anything else.
So, how does it work? Online payroll – sometimes referred to as “cloud payroll” – lets you have full control of your business’ or clients’ payroll using a remote system of servers that’s easily accessed using an internet connection. It automates deductions, calculates taxes and generates important forms with just a click of a button. Imagine a life without calculators, spreadsheets, carpal tunnel from manually filling out year-end documents, or worries about paying your team on time.
The benefits of online payroll for small business.
Forget doing payroll the hard way. With the Wagepoint app, you can:
Pay everyone, fast.
With direct deposit, you can send money right to your team's bank accounts.
No more crunching numbers! Easily calculate incomes, deductions, etc.
Streamline tax compliance.
Stress less with automatic tax calculations and remittances.
Offer employees online access.
Paystubs, tax forms and direct deposit information is right at their fingertips.
Edit and submit year-end documents.
Electronically file your T4s, T4As, RL-1s, 1099s and W2s with the government.
Focus on growing your business.
Spend your time on the things that matter (not filling out ROEs by hand!)
Never DIY again with online payroll.
Some things are just not meant for do-it-yourself (balloon animals, anyone?). Make payroll a breeze and life easier for you and your employees. Online payroll software like Wagepoint saves you time, money and plenty of headaches that come with manual processing.
Automate the tasks that keep you up at night.
With online payroll, small businesses don't have to go it alone. Wagepoint's friendly software simplifies complex payroll functions, from onboarding to ROEs and everything in between. Moving to the cloud also lets small businesses meet payroll reporting and tax form requirements. You'll receive reminders about upcoming processing deadlines, missed payrolls, stat holidays and even birthdays and "work-aversaries" for your employees, keeping both your teams, and the government, happy.
Modernize your accounting or bookkeeping practice.
Online payroll can be a recurring revenue source that helps you scale and grow your business. Today, small businesses are looking for more than just payroll processing from their payroll professionals – they're looking for cloud-based integrations like time-tracking solutions, e-banking and accounting software. With Wagepoint, accountants can become essential and trusted advisors for their clients (and maybe even their favourite people?).
Keep your employees and contractors happy.
Your employees are the heart of your business, so their experience with payroll should be stress-free, simple and transparent. Cloud-based, online payroll makes it easy for your team to access their paystubs, view their tax forms and stay on top of their payroll data from their very own employee portals. Plus, with direct deposit, you can relax knowing that everyone was paid on time, straight to their bank account. Seriously, does anyone want to be paid by cheque, still?
Make online payroll magic with Wagepoint.
Using software like Wagepoint makes it effortless and frees business owners up to do the things that help the business grow. Taking five minutes to run payroll for 10 staff is pretty empowering. By making this process so easy I can focus on marketing and grow my business while others waste time and resources to do something that could be so easy.
Alex Ross, Fresh Adventures
Wagepoint takes care of sending in the payroll deductions, filling out the T4s, pay stubs and ROEs. You can get reports whenever needed that give you a picture of what's going on with your payroll at any given time. Everything is so much easier with Wagepoint.
Julia Moore, Canadian Security Systems Ltd.
With Wagepoint, we don’t have to make nearly as many payroll corrections, audits and amended T4s at year-end. This lets us switch to an advisory firm that looks into the future for our clients to help them grow which beats having to clean up mistakes and working on compliance issues from the past.
Jordon Sargisson, McRally