Corporate Payroll Compliance - US & Canada

US Payroll Compliance

1. Federal Payroll Tax Compliance Our expert team stays up to date with the latest federal tax regulations, including income tax withholding, Social Security, and Medicare. We meticulously calculate and manage your federal payroll taxes, ensuring that your employees' tax contributions are accurately deducted and reported.

2. State Payroll Tax Expertise With our in-depth understanding of state-specific payroll tax laws, we handle the complexities of state income tax withholding, unemployment tax, and disability insurance tax. Our services cover all the nuances of state payroll tax compliance, providing you with peace of mind.

3. Local Tax Considerations In addition to federal and state taxes, local tax regulations can vary significantly. Our team takes into account any local tax requirements, ensuring that your payroll tax calculations are accurate down to the municipal level.

4. Form Preparation and Filing We handle the preparation and filing of essential forms such as Form 941 (Employer's Quarterly Federal Tax Return) and state-specific payroll tax returns. Our attention to detail ensures that these forms are submitted accurately and on time.

5. Federal Tax Credits and Incentives Staying informed about federal tax credits and incentives can lead to significant savings for your business. Our experts identify eligible credits, such as the Work Opportunity Tax Credit (WOTC), and assist in maximizing your tax benefits.

Canadian Payroll Compliance

1. Federal Tax Deductions Our team ensures accurate calculations for federal income tax deductions, Canada Pension Plan (CPP) contributions, and Employment Insurance (EI) premiums. We keep up with federal tax changes to guarantee that your payroll deductions are precise.

2. Provincial Tax Compliance Provinces in Canada have their own tax regulations. Our services encompass the complexities of provincial income tax deductions, health premiums, and other provincial payroll taxes, ensuring your compliance with regional requirements.

3. Canada Pension Plan (CPP) and Employment Insurance (EI) We manage the accurate calculation and remittance of CPP and EI contributions for both employees and employers. Our services help you fulfill your CPP and EI obligations while minimizing errors.

4. T4 and T4A Preparation Our team handles the preparation and filing of T4 (Statement of Remuneration Paid) and T4A (Statement of Pension, Retirement, Annuity, and Other Income) forms. These essential documents are prepared accurately and submitted on time.

5. Navigating Provincial Programs Some provinces offer unique tax credit programs that businesses can benefit from. We assist in identifying and leveraging available tax incentives, ensuring that you take advantage of potential savings.