PAYROLL SERVICES FOR SMALL BUSINESSES
Automate paydays Stay compliant
with M7™
Payroll services simplify paydays, ensure compliance, and ease year-end tax filing for businesses of any size.
Every payroll package includes your own dedicated accountant
Essential
Suitable for self-employed or solo entrepreneurs.
- Dedicated accountant
- Single-state payroll
- Easy, guided set-up
- Standard reporting
Pro
Suitable for small businesses looking for employee benefits and HR assistance.
- Everything in Advanced, and:
- Workers’ compensation
- HR tools and resources
- Timekeeping
Advanced
Suitable for small businesses with more than one employee.
- Everything in Essencial, and:
- State tax registration guidance
- Easy pay-out for contractors
- Comprehensive reports
- Year-end W2s and 1099s
How M7 Works
1. Schedule a Free Call
Consult with our team about your unique payroll requirements, and receive a tailored quote during your initial consult.
2. Meet your accountant
Based on your unique business situation, you’ll get access to an accountant who best meets your needs.
3. Get Result
Get back to business! Need to reach your accountant? Connect via phone, video, Odoo discuss App, or email.
Save time, cut costs, and ensure worry-free compliance
Receive a variety of accurate, user-friendly payroll reports. For a small fee, we’ll include union, certified payroll, workers’ compensation reports, and more.
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Dedicated payroll specialist for your industry in the USA
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Personalized support for all IRS filings
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Accurate calculations compliant with US regulations
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Electronic IRS filing + record keeping
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24-7 access to your online portal
Key Pay Elements That Impact Payroll
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Workers’ Compensation
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Minimum Wage & Tips
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Overtime
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Payment method
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Pay Stub Laws
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Minimum Pay Frequency
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Paycheck Deduction Rules
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Final Paycheck Laws
The team behind M7 Services
Marcos Lopes
PCP - Founder and CEO
Matthew Lopes
Co-Founder and CFO
Adnan Khan
CPA, FCCA - Virtual CFO
Carla Cristiane
Accounting Manager
Kevin Lopes
Accounting Manager
Martin Zilz
Senior Accountant
Ravi Gautam
Senior Accountant
Alan Inacio
Accounting Manager
Marco Aurélio
Accountant
Wendel Almeida
Bookkeeper
Bhawesh Bisht
Bookkeeper
John Watson
Bookkeeper
Daniel Gonçalves
Bookkeeper
Marcel Canhada
Bookkeeper
Rodrigo Genz
Developer
Denilson Roberth
Marketing
Need help with Payroll? Start Here
Yes. In Canada, payroll taxes include:
- Canada Pension Plan (CPP) contributions
- Employment Insurance (EI) premiums
- Income tax deductions
- Provincial payroll taxes (applicable in certain provinces)
Employers are responsible for withholding these amounts from employees' wages and remitting them to the Canada Revenue Agency (CRA).
Payroll compliance in Canada refers to the legal obligations employers must follow regarding employee compensation, deductions, and reporting. This includes:
- Deducting and remitting income taxes, CPP, and EI
- Maintaining accurate payroll records
- Issuing T4 slips to employees and T4 summaries to the CRA
- Following provincial employment standards on wages, overtime, and vacation pay
- Complying with workers' compensation and other payroll-related regulations
Failure to comply can result in penalties and interest charges from the CRA.
Payroll compliance in Canada is regulated by:
- Canada Revenue Agency (CRA): Oversees payroll deductions, tax remittances, and reporting.
- Employment and Social Development Canada (ESDC): Enforces federal labor standards.
- Provincial/Territorial Ministries of Labour: Regulate employment standards, such as minimum wage and overtime rules.
Some provinces also have additional payroll tax requirements, such as Ontario’s Employer Health Tax (EHT) and Quebec’s CNESST contributions.
No, a Business Number (BN) issued by the CRA is a permanent identifier for tax purposes. However, you can close specific CRA accounts (such as payroll, GST/HST, or corporate tax) if your business is no longer operating.
To close a payroll account, you must:
- File all outstanding payroll remittances and T4 slips.
- Send a request to the CRA through your online account or by mail, providing your BN, business name, and reason for closure.
Even after closing, the BN remains on record with the CRA for future reference if needed.
Employers in Canada must contribute to:
- Canada Pension Plan (CPP): Matching employee contributions (5.95% in 2024, up to the maximum pensionable earnings limit).
- Employment Insurance (EI): Employer portion (1.4 times the employee contribution, up to the annual maximum).
- Provincial payroll taxes: Some provinces impose additional employer taxes, such as:
- Ontario Employer Health Tax (EHT)
- Quebec Parental Insurance Plan (QPIP)
- Manitoba and Newfoundland & Labrador payroll taxes
The total payroll tax burden varies depending on the province and the employee’s earnings.