As year-end fast approaches, the anxiety from the payroll department can be felt in the air. That is why BAASS is here to help guide your business through these stressful times. We have compiled a list of common payroll mistakes to avoid. Let BAASS save your business from making costly mistakes. 

As the year wraps up for many businesses, payroll is just as busy getting their numbers in order and making sure everything is up to date for a fresh start to the new year. To make sure the new fiscal period is a good one, here are some common problems that happen with payroll, and how you can avoid them.

As we close out a monumental year for change in business and our ways of life.  Somethings have remained a constant - payroll and taxes.  With the new changes to the end-of-year process and taxes related to COVID-19, do keep your eyes open for updates from the Canada Revenue Agency (CRA). 

Working from home is no longer a luxury only a few have access to. Since the COVID-19 pandemic has begun, companies and organizations have had to reshape the office environment, with a majority of the office workforce working from home.  With that transition, many employees have had to pay out of pocket for upgrades and technology.  The Canadian Federal Government has acknowledged this in it’s Fall Economic Statement, which was released on Nov. 30, and announced that it would make it easier for Canadians to claim expenses up to $400.  

We get it - managing payroll is not simple. In hopes of making your payroll process simple and more effective, we compiled a list of common payroll challenges.

The Canadian Government has created the Canada Emergency Wage Subsidy (CEWS) in response to the financial impact COVID-19 is having.  This subsidy program was initially known as the Temporary Wage Subsidy, although as the situation evolved, so did the subsidy. 

We are all a little on edge these days about finances, job security and the health of ourselves and loved ones.  The Canadian Government is trying to help all Canadians with financial hardships due to COVID-19. For business owners’ this is one part of the economic response plan.

Getting paid and paying your staff is one of the top priorities of both employees and ownership. Regardless of the size of the organization, ensuring payroll is run correctly and on time is always top of mind. Having your payroll integrated with your ERP (Enterprise Resource Planning) will both streamline and automate this process. One ERP solution that provides a payroll module out of the box is Sage 300cloud (formerly known as Accpac).