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Accounting and Payroll Services

Why Should You Use Payroll Services?

For a majority of fast paced companies, there is too much to consider when handling payrolls. We at Infinite Outsourcing Solutions know just what it takes to simplify the payroll process for our clients as you have to ensure the pay periods and deadlines are met and taxation guidelines are followed to avoid penalties.

Transparency with secure, cloud based accounting

As technology has improved leaps and bounds in the last decade, we mostly use secure cloud based accounting software (which gives you complete visibility) where your data is stored for us to seamlessly reconcile accounts and simplify the entire process. It is also crucial to be able to keep track of important details such as the employee hours and schedule payments automatically so that deadlines are always met.

Customized Services

IOS also offers various customized accounting and payroll services for startups and medium to large companies in Toronto and Vancouver, that enable successful growth and development of your firm. Join hands with us to mitigate the tax related issues which are not easy to solve once you violate (even unintentionally). We assist you with periodic compilation of accounting data and bank statements on a timely manner with utmost accuracy and dedication.

The tax remittance to CRA is processed precisely by professional book-keeping of the financial business records by experienced staff at IOS. It’s a challenge for startups and small businesses who are laser focused to maintain the financial transactions of their business. Never worry about taxation and billing, we are here to help you out with it so that you can focus on your core business.

Our services have been categorized under monthly services, annual services and financial statements.

Monthly Services

  • Compilation of accounting data
  • Bank reconciliation
  • Financial Statements
  • On time remittance of GST, PST, WCB, Source deduction
  • Payroll (weekly, bi-weekly, monthly, semi-monthly)

Annual Service

  • Compilation of accounting data for the fiscal Year
  • Reconciliation of bank accounts
  • Calculation of all unpaid government remittances
  • Full set of Financial Statement
  • Corporate or Business tax returns

Financial Statements

  • Comparative Statement of Profit & Loss
  • Comparative Statement of Financial Position
  • Custom financial reports
  • Forecasts and Budgets
  • Statement of cash flow