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Andreas Vezonik: an Entrepreneur, on a Sizzling Streak of Success

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There is no age for an entrepreneur to be made; for, it is a spirit that you can embody whether young or old. Nor is there a time for an entrepreneur to rise; because an entrepreneur doesn’t wait for the right time, he/she makes the time right. 

It is not often that we come across individuals who fit the above mould; Andreas Vezonik is surely one such.

All of 23 years of age, Andreas is already the CEO of 2 large multi-national corporations. What makes him inspiring though is not the level of achievement at an age when most of us are just out of college, wet behind the ears and figuring out our first steps in the real world. It is the fact that he has reached this position, on his own making. 

Not born with the proverbial silver spoon, Andreas grew up in the quaint, picturesque town of Klagenfurt in Austria. Little did anyone know that this young boy would start to taste success whilst he was still a teenager at 17. From early on in his life, Andreas displayed the true makings of an entrepreneurial spirit – of dreaming big, exploring the unknown and hustling hard. In the process, he discovered his passion for the financial sector and his flair for network marketing, both of which created a winning skillset that helped him generate 25 million dollars worth of sales. 

Fuelled by his desire for personal growth and not becoming complacent with his early success, he leveraged on all his learnings and created his first company in 2018, VolumeX. True to its name, VolumeX grew to 35 countries, building a strong customer base of 15,000, in a short span of time. With that, Andreas Vezonik had established a presence for himself as one of Europe’s next-gen entrepreneurs. 

However, good was not good enough to satiate his entrepreneurial thirst and he soon launched his second company, Transfera. Undoubtedly, Transfera has shaken up the European financial sector with its unique positioning. A one-stop-solution for customers of financial services, Transfera takes away the pain of handling multiple solutions for every service, simplifying the transaction process and thereby pushing up the customer satisfaction index. From offering a single-login for all financial services needs to faster processing, from zero-fees exchanges of cryptocurrency to cheaper money transfer, Transfera is already challenging the stalwarts in the European financial services market. It is indeed living true to its tag line – The Better Way to Pay.

The only constant in life is change. Today we live in a world that’s changing faster than ever before. The leaders of tomorrow would be the ones who adapt to changing times, who not only ride the wave but create new ones by changing the way we work, do business and live life. Andreas, is surely one of the new-age entrepreneurs on a mission to touch people’s lives through innovative thinking, simplified solutions and maximising benefits. 

Following the customer-first principle ensures these new-age ventures stay ahead of the curve and future-proof in our uncertain economic times. An innovator at heart and a hustler in spirit, Andreas Vezonik is all set to continue his sizzling streak of success and hit the 10million customer base mark by 2022. Sounds crazily ambitious? So it may be, but going by Andreas’ track record, it would be a safe one to place your bets on. Watch this space 

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The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Why Multi-Province Payroll Compliance Is the Hidden Challenge Canadian SMBs Face and How Folks Solves It

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Photo courtesy of: Folks

Byline: Shem Albert

Running payroll in Canada can feel like crossing a country stitched from many different fabrics. Each province weaves its own pattern of tax rules, leave policies, and benefit requirements, creating a landscape where a single misstep can ripple through every paycheck. For small and mid-sized businesses, the challenge often remains hidden until growth pushes hiring beyond provincial borders or brings remote workers into the fold. What seems like a routine back-office task quickly becomes a test of accuracy, timing, and local knowledge. This is the gap that Folks set out to close, offering a way for employers to navigate Canada’s regulatory patchwork without slowing their momentum.

Provincial Rules Add Complexity

Canada’s payroll environment varies sharply by province. Federal rules set the foundation, but provincial tax rates, deductions, statutory leave entitlements, and benefit premiums add layers of complexity that employers must monitor carefully. Small and mid-sized businesses with staff across provinces or remote employees face different tax tables, reporting deadlines, and leave calculations that directly affect pay accuracy and remittance schedules.

Folks built its payroll module to address these differences. The platform calculates the correct provincial tax rates and deductions for each employee, applying updates automatically so employers avoid misapplied withholdings or late filings. Multi-location tax management allows a company with workers in Ontario, Quebec, or several other provinces to process payroll without creating separate accounts for each jurisdiction. Bilingual functionality in English and French and secure Canadian data hosting support compliance while keeping employee records accessible across language and regional boundaries.

Unified Records Improve Accuracy

Payroll errors often stem from mismatched employee data. Changes in pay rates, banking details, or benefits eligibility may not align between HR and finance systems, creating incorrect deductions or delayed payments. Smaller teams juggling separate platforms spend valuable hours reconciling information instead of focusing on strategic work.

Folks resolves these issues by combining HR and payroll in one platform. Updates to wages, hours, or tax information entered on the HR side flow directly into payroll without re-entry. This single, verified record strengthens the accuracy of every payroll run and ensures employees receive the correct pay and deductions. By removing the need for repetitive administrative work, HR staff can redirect their time to tasks that support growth and employee engagement.

Automation Keeps Provinces in Step

Each province sets its own requirements for holiday pay, pay frequency, and statutory benefits, making manual calculations both time-consuming and error-prone. Businesses that expand or hire remote employees must keep pace with shifting provincial regulations or risk penalties and audit issues.

Folks address these demands with automation designed for Canada’s regulatory landscape. Pay statements, deduction calculations, and custom pay schedules follow the applicable provincial rules without extra configuration. The system’s automated updates mean that a company hiring staff in British Columbia or Quebec can meet local payroll standards without adding new layers of setup or monitoring. Employers gain the ability to expand into new regions while maintaining accurate, on-time pay.

Reporting Strengthens Compliance

Changing tax rates and reporting requirements require ongoing attention from HR and finance teams. Companies that rely on disconnected systems risk missing a provincial update or submitting incorrect remittances, which can lead to fines and interest charges.

Folks provides detailed reporting tools that compile payroll, deductions, and benefits information across all locations. Employers can generate clear remittance and deduction summaries, simplifying the process of meeting provincial filing requirements. For organizations that want additional guidance, Folks also offers a payroll management service that brings in-house specialists to assist with configuration, compliance, and regular updates. These reporting features help companies stay audit-ready and avoid costly compliance gaps.

Scalable Payroll for Expanding Businesses

Many small businesses begin in a single province, where local tax and payroll demands can be learned over time. Growth into new provinces or the decision to hire remote staff adds a level of complexity that manual processes cannot handle efficiently. Errors multiply, compliance risks rise, and payroll teams spend more time correcting mistakes than supporting expansion plans.

Folks provides payroll that scales with company growth. Provincial tax logic, automated deductions, bilingual support, and secure Canadian data storage are built directly into the platform. By maintaining an accurate employee record and applying province-specific rules automatically, the system allows Canadian SMBs to expand with fewer administrative surprises and more predictable payroll operations. Companies gain the stability of compliant payroll across provinces while controlling the time and costs that typically accompany multi-jurisdiction growth.

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