The payroll tax landscape is a complicated minefield of non-uniform rules that make it difficult for companies to manage compliance risk and focus on their business. In today's economy, organizations cannot afford to make expensive mistakes that may go unnoticed until an audit several years later. If the mistake is an underpayment, companies may have to pay interest and significant penalties. If there's an overpayment, the tax recovery could be lost.
Either way, businesses need a third party to review their payroll taxes for potential issues such as:
Business owners need a team with the experience to understand changing tax provisions, correspond with Canada Revenue Agency officials and help collect and manage needed data for payroll tax compliance.
How PwC can help
PricewaterhouseCoopers' Payroll Tax Services professionals provide a balanced review that focuses on tax recovery opportunities and possible exposures. By working with your team to gain a solid understanding of your workplace activities, we will review your with classification for work safety and insurance premium purposes and payroll tax remittances for potential over and underpayments.
Contact us today to discuss your payroll tax concerns.