PAYROLL SERVICES

SFT Tax Services provide payroll services in York (Toronto) and across the GTA. Many business owners face several challenges when it comes to running their businesses. We aim to ensure they can focus on other aspects of their business while we focus on managing their payroll.

Outsourcing payroll services can save money and time so that business owners can focus on challenges like staff availability, staff turnover, staff shortages, and staff training. Business owners need to ensure they are meeting pay period deadlines and that they are also following tax guidelines.

If businesses fail to meet deadlines and guidelines it could mean facing unnecessary and costly penalties. In addition, you could end up overpaying or underpaying employees and spending long amounts of time manually entering payroll data.

We assist small and mid-sized companies to manage every stage of their payroll. We provide a simple and convenient way for business owners to pay their employees, and we are committed to our clients so they experience a smooth process with their payroll accounts.


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Our payroll services include:

  • Setting up your payroll frequency (weekly, bi-weekly, or monthly)

  • Remitting the Federal & Provincial deductions to the government

  • Issuing T4s, T4As, and T5s at the end of the year

  • Issuing Record Of Employment (ROE) for terminated employees

  • Accounts Receivable

  • Accounts Payable

  • General Ledger

  • Bank Reconciliation

  • Inventory

  • Month End Closing

  • Payroll Management

  • Record-Keeping

OUR POPULAR SERVICES




Business Set Up


We assist and advice our clients on what business structures they need to operate, whether it’s a Sole Proprietorship, Partnership, or Corporation.

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Audit Assistance


We assist our clients with year-round audit assistance. We help our clients prepare the necessary documents in an organized and timely manner.

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GST/HST Return


We calculate and assist our clients with their periodic GST/HST remittances. We send our clients reminders and file their GST/HST on time.

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Bookkeeping Services


We help our clients with recording all of their transactions and displaying it in a way in which they understand their financial position.

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