--- title: "How to Run Payroll: Trusted Accounting Firms in Downtown Toronto" id: "9806" type: "page" slug: "how-to-do-pay-roll" published_at: "2025-06-27T07:26:53+00:00" modified_at: "2025-09-04T14:21:25+00:00" url: "https://taxccount.com/how-to-do-pay-roll/" markdown_url: "https://taxccount.com/how-to-do-pay-roll.md" excerpt: "How to Run Payroll Trusted Accounting Firms in Downtown Toronto Doing business in Canada has its challenges managing payroll shouldn’t be one of them. Regardless of whether you’re a burgeoning startup or a refined small business owner, processing payroll effectively..." --- # How to Run Payroll Trusted Accounting Firms in Downtown Toronto Doing business in Canada has its challenges managing payroll shouldn’t be one of them. Regardless of whether you’re a burgeoning startup or a refined small business owner, processing payroll effectively and responsibly is a necessity. But the question many entrepreneurs and business owners really want to ask is: “How do I do payroll correctly without running the risk of penalties or losing time on it?” ## Why Payroll Is More Urgent Than You Think Doing payroll correctly is about a lot more than just getting pay out to your team on time. It’s about hiring tax professionals and trusted accounting firms like Taxccount Canada in Toronto, Canada, to outsource your payroll can save you hours each month and stresses over compliance. Adhering To the terms of the CRA Source deductions (CPP, EI, Income Tax) are reflected correctly Canada WAvoiding penalties or auditside Online Tax Services Retention of the trust and happiness of the staff [Free Consultation](https://taxccount.com/book-a-consultation/) ### How Do I Do Payroll in Canada? Here’s a simplified rundown of how if you’re running payroll in-house, ##### Set Up a CRA Payroll Account ##### Sign up for a CRA payroll account and receive a Business Number (BN) before paying your new employee for the first time. ##### Classify Your Employees Properly ##### Track Hours and Gross Pay ##### Use payroll software like QuickBooks to track salaries, bonuses, and commissions efficiently. [#](#) [#](#) [#](#) [#](#) [#](#) [#](#) [#](#) ## Compute and Withhold Source Deductions Employers must deduct CPP contributions, EI premiums, and income tax (federal and provincial) from employee wages. These source deductions must then be remitted to the CRA on a regular schedule, typically monthly or quarterly. ##### Customized Payroll Setup & Compliance Management ##### Payroll Processing, Tax Filings & Benefits Management ##### Ongoing Support & Payroll Advisory [▼ Pricing Details](#pricing) #### Advantages of Payroll Services Outsourcing with Taxccount Canada ##### Accuracy & Complianceized Payroll Setup & Compliance Management We keep in the know on the evolving federal and provincial payroll regulations so you don’t have to. ##### Save Time & Money We keep in the know on the evolving federal and provincial payroll regulations so you don’t have to. ##### No More Penalties Don't get stuck with penalties and late fees for filing mistakes. ##### Customized Solutions We grow with your business–whether you are a solopreneur or lead a team of 100+ people. ## Frenquently Asked Questions Still Searching for the Answer You Need? [View FaQ Page](https://www.taxccount.com/faqs) or [Contact Us](https://www.taxccount.com/contact-us) ##### How do I establish payroll for my small business in Canada? Payroll necessitates registering for a CRA **[payroll account](https://taxccount.com/top-payroll-services-in-canada/) ,** appropriately categorizing workers, calculating gross salaries, subtracting statutory contributions (CPP, EI, income tax), and submitting payments to the CRA punctually. ##### Why should one hire an accounting service or accountant situated in Toronto? Engaging an accounting firm based in Toronto implies tranquillity of mind. We maintain familiarity with federal and provincial payroll regulations so you need not. You in addition, rescue time, minimize hazards of penalties, and obtain individualized payroll and [bookkeeping](https://taxccount.com/top-bookkeeping-services-in-canada/bookkeeping-services-downtown-toronto/) solutions all while centering on developing your company. ##### What are the differences between a tax accountant and an accounting professional? A tax accountant has specialized expertise in readying and submitting taxes (T2, GST/HST, personal returns), whereas an accounting professional may offer more extensive services such as payroll, bookkeeping, and economic consultancy. At Taxccount Canada, we furnish both — so you obtain comprehensive monetary care under a single roof. ##### When must payroll remittances be filed in Canada? Most enterprises must remit deductions monthly, despite the fact that some may qualify for quarterly or accelerated schedules subject to their remittance type. An experienced accountant situated in Toronto can help you stay on track and meet all CRA deadlines. ##### Can QuickBooks be used for payroll, or should I outsource? While QuickBooks is a useful instrument, it nonetheless necessitates suitable setup and supervision. Outtasking to a specialist tax accountancy firm in Toronto confirms precise filings, adherence, and support, particularly during reviews or CRA audits. ##### What additional services do accounting firms in Toronto offer besides payroll? Top Toronto accounting practices akin to Taxccount Canada also furnish: T2 Corporate Tax Filing GST/HST Returns **[Personal Income Tax](https://taxccount.com/personal-bookkeeping-services-in-canada/)** Preparation Bookkeeping Services Strategic Financial Consultation Allow us to handle the numbers while you concentrate on your company. ## Top Payroll Services in Canada – Pricing Plans Our top payroll services in Canada provide businesses with accurate payroll processing, tax remittances, and CRA compliance to ensure employees are paid on time while meeting all regulatory requirements. Whether you have one, two, or three employees, we offer tailored solutions to keep your payroll streamlined and hassle-free. ###### Deliverables: Comprehensive Profit & Loss Statement and Balance Sheet #### Payroll Services for 1 Employee $49/monthly **Coverage:** *Payroll processing for one employee* **Deliverables:** 1. *Automated payroll processing & direct deposits* 2. *Income tax, CPP, and EI deductions & remittances* 3. *Year-end T4 and ROE preparation* ***Perfect for sole proprietors hiring their first employee, ensuring accurate payroll and tax compliance.*** [Book Now](https://taxccount.com/book-a-consultation/) #### Payroll Services for 2 Employees $79/monthly **Coverage:** *Payroll processing for two employees* **Deliverables:** 1. *All features from the 1 Employee plan* 2. *Payroll tax calculations & employer contributions* 3. *Employee benefits and vacation tracking* ***Designed for small businesses with growing teams, ensuring CRA-compliant payroll processing and reporting.*** [Book Now](https://taxccount.com/book-a-consultation/) #### Payroll Services for 3 Employees $99/monthly **Coverage:** *Payroll processing for three employees* **Deliverables:** 1. *All features from the 2 Employee plan* 2. *Enhanced payroll reporting & compliance monitoring* 3. *Multi-location payroll support & customized deductions* ***Ideal for businesses managing multiple employees, ensuring seamless payroll, tax remittances, and accuracy.*** [Book Now](https://taxccount.com/book-a-consultation/)