Entrepreneur

Do you have an action plan in place to keep your business secure and protect it from fraud? Security is a key issue today as many business owners are increasing their transactions over the Internet. Make sure your business can detect and avoid fraud and security risks before they happen.

Effectively managing your business' finances is critical to your long term success. Good budgeting and financial forecasting skills can help you control your business' financial health.

You can also tailor reliable, off-the-shelf human resources tools. Choosing the best technologies, however, is not easy; consider this as carefully as you would any other process implementation. Look for affordable solutions to manage different functions.

The responsibilities of payroll, benefit plans and other human resources issues can take a lot of time, often to the detriment of your customers and your bottom line. You may be able to reduce this burden by hiring outside companies to handle some or all of your human resources functions, or by automating the internal processes you already have in place.

Introducing organizational change, such as the implementation of online human resources tools, can be a difficult task. Employees who are unable or unwilling to make the transition to a new way of working can be more of an impediment to change than faulty technical installations or poor supplier relationships. How can you help your employees adapt?

Are you trying to streamline your benefits procedures? Would you like your employees to have more access to information they need? Do you want to keep better records? Online tools and software can help you build a more efficient and competitive business.

The Federal Mediation and Conciliation Service was established to provide dispute resolution and dispute prevention assistance to trade unions and employers under the jurisdiction of the Canada Labour Code. The Code governs federally regulated employees in key sectors of the economy.

These steps will help you understand your responsibilities and how payroll works. It is important to understand each step, to ensure you are not assessed penalties, interest, and other consequences.

As an employer, trustee, or payer, you are responsible for deducting Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums and income tax from remuneration or other types of income you pay, remitting them to us and reporting them on the applicable slips.

Know your obligations and opportunities when it comes to hiring employees — from recruitment to payroll to tax returns — and familiarize yourself with current labour market conditions.