Stop Guessing Wages. Know Your Real Payroll Burden.
Hidden payroll matching and mandatory vacation accruals can quickly drain your small business margins. Use this real-time tool to identify the true hourly expense of an additional team member before extending your next job offer or expanding your weekly schedule.
📌 PRO-TIP: Bookmark this page to check your numbers before your next round of interviews.
True Cost of Labor Calculator
Monthly Bookkeeping
Flat Rate Starting at $199/month
Every plan includes monthly reconciliation, transaction matching, and a simple profit and loss report.
⚠️ Please Note: Hodgins Bookkeeping focuses exclusively on core flat-rate monthly bookkeeping and financial recording. We do not offer payroll processing or source deduction management services.
Master the Math:
Understanding Your True Employee Burden
To build a highly profitable business, successful owners look past base gross wages and isolate four core financial factors:
1. Gross Base Wage: The raw hourly rate negotiated with your team member before source deductions.
2. CPP Employer Match: The mandatory 5.95% Canada Pension Plan contribution matching required by law.
3. EI Employer Match: The mandatory Employment Insurance matching premium, calculated at 1.4x the employee rate.
4. Statutory Vacation Pay: The mandated 4.0% legal minimum accrual that accumulates on every single dollar earned.
Is Your Business Growing and Your Bookkeeping Falling Behind?
If your books are currently behind because your business grew too fast, that is not an issue, we love historical cleanups. To further remove the stress and worry from your plate, everything we do is quoted at a predictable flat rate with absolutely no surprises.
Flat-Rate Monthly Bookkeeping: Consistent, reliable record-keeping built to keep your growing business perfectly on track, starting at $199 per month.
Catch-Up & Historical Cleanups: If things got left behind during a growth spurt, we step in, reconstruct your messy records, and get you tax-ready fast.
Contact Us
Dedicated remote bookkeeping for small business owners across Canada and the United States.
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