Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Are You Ready to Wrap Up 2016?

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This time of year, your office is a hub of activity. Your holiday festivities needs to be planned, staff vacation schedules need to be carefully balanced and any closure dates need to be sent out to your clients.

For a company’s financials, this means having all ducks in a row and ensure that any outstanding payments must be completed. Fortunately, Telpay is here to help you, and we’re starting that off now with some tips to help you wrap up 2016 and stay on track for the upcoming new year.

Plan for 2017
It’s just a couple of weeks  – the new year! What is your company’s electronic payment strategy going to look like? If you’re unsure, we’ve compiled “The Ultimate Electronic Payment Checklist” to help you maximize and leverage all the features and benefits of Telpay’s services.

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Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Plan Ahead for the Festive Winter Holidays

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The holidays are almost here, and we want to help ensure you have a problem-free festive season. After all, this season is for appreciating and reuniting with loved ones, not worrying about payment deadlines. It’s especially not the time to be muddled by many holidays interfering with your payment schedule.

Avoid any last-minute stress by planning your payroll and payable payments in advance. This is a perfect opportunity to remind you that Telpay will be closed on December 26 and 27, and as such will not be processing payments or accepting funding for payroll and/or payables. We have our handy Holiday Funding Schedule for you, complete with
required lead times for both payroll and payables.

We also want to thank you for your continued support and look forward to working with you again in the new year. As our gift to you, we have put together a holiday playlist, comprised of the Top 10 festive songs as selected by our staff. (Feel free to use this at your holiday party – we don’t mind!)

Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Peace of Mind with Telpay

wellspring-supportAs an entrepreneur, it can be very exciting -and stressful -to watch your business grow. Meet Nicole Funk, Executive Director of Wellspring Support Inc, who used to worry about her payroll process or whether that vendor got paid on time.

Located in Victoria, British Columbia, Wellspring Support is a comprehensive, community-oriented service provider offering innovative day programming for adults with developmental, physical and behavioural challenges. With a new location and new staff hires, Wellspring is now a medium sized business and growing.

I had a chance to talk with Nicole about her new peace of mind on her business payments and how other entrepreneurs might find it helpful.

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Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Next Business Day, Bill Pay

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Nowadays, it feels like we are living in a fast food mentality. We can no longer wait for anything and want it faster. No time to cook, so you do fast food. Why go to a traditional store, when you can buy the perfect item online. What about your bill payments? How does “Next Business day, Bill pay,” sound to you? Here’s a review of Telpay’s Payables Funding Options.

Payables funding options are really important because this is how Telpay receives money from your business to process your payables payments. There are two available funding options. You can choose to send money to Telpay via online banking which has a one-day lead time or request Telpay to automatically withdraw the money from your bank account through Pre-Authorized Debit which requires a four-day lead time.

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Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Worry-Free CRA Payments

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Are you tired of waiting for Government Remittance payments to get through to CRA? Concerned with incurring penalty and interest charges for late payments? With Telpay for Business software, you no longer have to wait or worry.

Next Business Day CRA Payments

Simply submit your Government Remittance separately from your payroll and your payment will be processed the very next business day.  The required forms are conveniently built right into your Telpay for Business Software.

Plus, businesses can make CRA Payments to the following:
• Source Deduction
• T2 Corporation
• GST/HST
• Excise Tax
• Excise duty
• Part XIII – non-resident withholding tax
• Nova Scotia’s Workers Compensation Board
• T1 individual

Worry-free with Telpay

Sign up for a November webinar and learn how to easily make your Government Remittance payments. We’ll even send you a $5 Starbucks gift card to say thank you. Sit back, relax and learn about Government Remittance features with Telpay.

Government Remittance Training – November 17