A growing business is a good thing! It doesn’t ease the growing pains you might encounter as you expand your business. As the business gets larger, there are more and more tasks to be taken care of. You need more hands on deck to keep things running smoothly.
This is true whether you’re a Canadian business expanding into new markets across the country, or an American firm looking to come north of the border. No matter where you’re based, however, the fact remains: The business is getting bigger, and you need a helping hand.
Dealing with Payroll
As businesses expand, many leadership groups consider the possibility of sending certain responsibilities out of house. Often, they choose an expert provider to team up with. The provider then delivers the business service, using their expertise in the area.
Payroll is one of the services business owners commonly think about turning over to a partner. There are numerous reasons for this. First, payroll tends to be a routine function. You perform it week in and week out, often in a very similar way. Second, a partner, such as Canadian payroll service providers, have expertise in the area you and your team may not.
As a result, Canadian payroll service providers can usually deliver superior service in less time. Letting the experts deal with payroll allows you to get back to the really important things in your business!
The Provincial Tangle
Another reason businesses team up with Canadian payroll service providers has a more legal aspect. There are many different laws and regulations governing worker compensation, benefits, and even record-keeping. Working with someone who knows the ins and outs of the legalities can save you a lot of headaches when it comes time to close the books.
Canadian small businesses might not think they need the help of a payroll service provider. After all, they’re already operating in one Canadian province, so they know everything they need to know if they want to open up shop in another.
Rules and laws vary from province to province, however, so most Canadian businesses benefit from the expertise of a Canada-wide payroll service provider. They know the differences between provincial jurisdictions, and they can navigate them with ease.
If you’re a Canadian business looking to expand your operations into other provinces, Canadian payroll service providers can help!
Many businesses from outside of Canada also look to expand into the Canadian market. American companies often look to Canada as their first “foreign” market. Many American firms open up branch offices and run operations in Canada.
Of course, the rules are different in Canada versus the United States or anywhere else for that matter. American companies can benefit from the expertise Canadian payroll service providers offer them when it comes to record-keeping, paying workers, offering benefits and other forms of compensation, and virtually everything else. These payroll experts will keep things running smoothly when you come north of the border.
Businesses with headquarters in other countries can also benefit from this expertise when they look to enter the Canadian market.
What about Lawyers?
If all you need is legal advice about how to keep the books, why bother engaging a payroll service provider? Wouldn’t you be better served by consulting a law firm to get the scoop on what’s different in Canadian and provincial law?
Canadian payroll service providers don’t just dole out advice, which is the difference here. Instead, these providers are your partners in actually ensuring your accounting and bookkeeping are on the up and up.
Legal advice might be helpful when you’re just getting started, but the law firm probably won’t be as much help when the CRA decides to audit your books.
Good Business Sense
If you’re looking to expand your business into Canada, there’s no better partner than Canadian payroll service providers.