When your Canadian payroll calculator lets you down, it can be a complete catastrophe, or a complete non-issue. It all depends on your knowledge, your experience, and the precautions you’ve taken. If you lack the right knowledge and experience, and haven’t taken any precautions, then the loss of your Canadian payroll calculator could cost you fines, back payments, and even criminal proceedings. A Canadian payroll calculator can be a useful tool but, like any tool, it can eventually break down. When that happens, you won’t be able to tell the CRA that your payroll calculator was out of commission. They don’t care why mistakes are made, they only care that you pay for your mistakes.
How a Canadian Payroll Calculator Can Let You Down
It’s unlikely that a Canadian payroll calculator will ever just stop working. More than likely, you’ll make a small error or oversight when entering numbers, and the calculator will have no way of letting you know that your numbers aren’t correct. You see, a calculator just crunches numbers. It doesn’t interpret laws or regulations, and it doesn’t assign worker classifications or check their tax status. All the calculator can do is take the numbers you give it, and provide you with an answer based on those numbers. If you make any mistakes along the way, the calculator will give you an incorrect answer without any indication that a mistake was made.
How You Can Avoid Making Mistakes (The Hard Way)
To avoid making mistakes when using a Canadian payroll calculator, you need an intimate knowledge of, and experience with, Canadian payroll laws. That knowledge comes only from years of payroll processing experience. That experience comes from years of working with and interpreting payroll laws and regulations. With time, money, and patience, you can get that knowledge and experience for yourself. Of course, that won’t leave much time for other tasks, like running a business.
How You Can Avoid Making Mistakes (The Easy Way)
As with most business related tasks, there is an easier, completely legitimate way to avoid problems with your payroll calculator. You can outsource your payroll calculations to a professional payroll service provider. A payroll service provider, like The Payroll Edge, employs teams of people who have the knowledge and experience to keep your payroll calculations free of errors. Their payroll services include everything from withholdings and remittances, to employment contracts and verification services. The Payroll Edge can handle as many or as few of your payroll and administrative tasks as necessary, freeing you to focus on your core competencies. You’ll also be able to focus on your business, free from worries about audits, fines, and back payments caused by small mistakes in your calculations.