all time accounting
& tax services Inc.

Payroll Accounting

Indeed, All Time Accounting and Tax Services offers payroll accounting services to assist businesses in managing their employee compensation and related financial matters. Payroll accounting involves tasks such as calculating wages, withholding taxes, issuing paychecks or direct deposits, and ensuring compliance with various payroll-related regulations and requirements. By providing payroll accounting services, this firm helps businesses streamline their payroll processes and maintain accuracy in employee compensation, which is crucial for both financial compliance and employee satisfaction.

Business accounting encompasses a wide range of financial activities and services related to the financial management of a business. Some key components of business accounting include: Bookkeeping: Recording and organizing financial transactions, including income, expenses, assets, and liabilities. Financial Statements: Preparation of financial statements like the income statement, balance sheet, and cash flow statement to assess the company's financial health. Budgeting and Forecasting: Creating budgets and financial projections to plan for future expenses and revenue. Accounts Payable: Managing and tracking the money a business owes to suppliers and creditors. Accounts Receivable: Managing and tracking the money owed to the business by customers and clients. Payroll Processing: Handling employee compensation, including salary, taxes, and benefits. Tax Compliance: Ensuring that the business complies with all tax laws and regulations, including income tax, sales tax, and payroll taxes. Financial Analysis: Analyzing financial data to make informed decisions, assess profitability, and identify areas for improvement.

• In-house accounting & bookkeeping
• Bank Reconciliations
• GST Preparation
• Tax Advisory
• Monthly Statement Review
• Payroll management
• Canada & US corporate tax file