What HR Functions Can Bookkeeping Companies in Calgary Take Over?

1. What HR Functions Can Bookkeeping Companies in Calgary Take Over?

2. A business’s human resources are among its most valuable assets because the people involved are ultimately the ones who determine a venture’s success or failure. Proper HR management is essential for a well-functioning workplace staffed by people with the right skills and attitudes to collaborate together. While skilled managers who know their people are often the best to handle many of these tasks, some HR tasks are more oriented towards back-end processes. By working with professional bookkeeping companies in Calgary, you can off-load some of these tasks to lighten your burden and ensure effective operations. How can a third-party service improve your HR management?

3. Make Onboarding a Seamless Process HR deals extensively with bringing new hires into your business and setting them up for success. While you will need to handle efforts such as training and orientation, a bookkeeping firm can help lighten the administrative workload. Gathering an employee’s tax information, setting them up in the system, and filing the appropriate employment-related paperwork can all take place under a third party’s supervision.

4. Handing Payroll Oversight to an Experienced Bookkeeper A bookkeeping team can also take over the entire payroll process, so you do not have to administer this complex process in house. Effective payroll services are especially valuable for growing businesses with an expanding employee roster, and ensure that your staff receives their payment on time, every time. A bookkeeper can also identify potential discrepancies in payroll data that might indicate concerns such as time theft.

5. Staying on Top of Taxes Make tax season less stressful. Appropriate management of payroll taxes should be a major concern for any business, whether it’s a brand-new startup or an established company. Failing to remit the proper amount of tax or apply the correct withholding can cause major problems for both a business and its employees. With a bookkeeper overseeing the tax-related responsibilities that normally fall on HR, any internal team you have can refocus their efforts on more high-value labour.

6. Better Management for Workers Compensation Calculations Every workplace should be a safe environment for employees, but accidents can and do happen. When someone gets hurt at work, calculating worker’s compensation and paying out the appropriate claim benefit can turn into a mind-bending process. Consider that when a trusted third party works on your payroll, you can trust that the right benefit goes to the injured employee every week. Avoid trouble with claims by enlisting help from a team that understands the financial and tax implications these claims have for your business.

7. Find Professional Support for Your Business Today Improved HR management can have many benefits for your company, including leaner operations and the potential for happier employees. Through Reion’s bookkeeping services in Calgary, businesses can pick an engagement model that suits their specific needs. We’re here to scale to meet your needs with modern, technology-enabled solutions, supporting everything from the bare basics to advanced HR-related tasks such as payroll and calculating worker’s comp. See what we can do for you when you start a conversation today.