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TripleOne Is an Industry Shapeshifter

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Most companies out there focus on a single industry and pour all of their energy into it. TripleOne, however, is a vastly different model that has managed to become extremely successful thanks to its unique way of diversifying business and having a stable presence in various areas of business. TripleOne is a decentralized company, and one of the most successful of its kind at that  Created by the entrepreneurial mastermind James William Awad, TripleOne allows people from all across the world to come together and collaborate on different ventures.

Anybody can join at any time and work as much as they like. TripleOne is a meritocracy, where pay is awarded based on the amount of work and contribution each member brings to the team. The system at TripleOne is very straightforward. Team members gather to vote and decide what businesses to participate in, by voting on new projects and completing various tasks as well. These businesses span from wellness to food and drink, entertainment, hospitality, and more. Each team member gains points based on their level of contribution, and those points then give them segments which can amount to monetary compensation. In other words, one can work as little or as much as they like, and their pay will be a direct reflection of their effort.

As a result of this business model, TripleOne has been growing monumentally. “We are trying to provide a new model for people. The idea here is not just to make money, but also to transform the world into a place of cooperation. We want people to have the freedom to choose when, how, where, and how much they work. We are putting power back into the hands of the individual and eliminating the dreaded nine-to-five office model of the past,” says James William Awad.

Thanks to the broad scope of TripleOne’s team members and their willingness to invest in different industries, the company is almost guaranteed to always do well. Diversification is an important element for anybody; from an independent entrepreneur to a small business, the more diverse of a portfolio they have, the lesser the chance of failure, and TripleOne is the perfect example of this philosophy.

The beauty of the decentralized model is that anybody with expertise and drive is welcome on board. This is how the company has been able to make great investment decisions so far, by betting on the knowledge of its diverse members, who all get to vote. There are two types of votes that can be accumulated at TripleOne: the “normal” and the “special” vote, with the special vote having more weight behind it. The process of accumulation is based on the amount of participation each person puts in, so everything is fair in the end.

The decentralized model is quickly gaining traction and enticing budding entrepreneurs from all across the world who want a better future for themselves and for humanity as a whole. TripleOne is building an incredible reputation for itself and is being recognized as the leader of the decentralized business arena. James William Awad hopes to leave a legacy of cooperation and meritocracy that will last for decades to come.

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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