When it comes to salary disbursement, small and medium size entrepreneurs spend lot of time in performing payroll functions, which could have been utilised for taking important business decisions, sales generation, improving customer services or enhancing the value of products. There are lot of challenges being faced by entrepreneurs to adhere with the regulatory payroll requirements as mandated by the state and local jurisdictions that include complying with ever changing payroll tax rules, timely deposits requirements and filing quarterly and annual tax returns.
Few things that never change is employees expectation, their hard work and commitment towards the organisation and deserves to get paid on time and full amount. Paychecks are more than just a reflection of hours worked, getting your payroll right every time is a way of honouring the commitment to your company and building a strong goodwill in the eyes of your employees.
There are lot of benefits in having your own personalized payroll service. Most importantly, it's about your time, you and your staff can concentrate on growing your business instead of thinking about paychecks and taxes, by letting us manage your payroll processing, you'll no longer have to worry about the following:
Change in labour and tax laws
Complex reporting requirements
Using your valuable resources for payroll compliance and reporting
Lower the risk of Health Care reforms
Substantial investment not required in software and IT
Our team of experienced and dedicated payroll specialists will work as an extension of your team and provide tailored payroll solutions regardless of your company size. Our flexible pricing models pricing combined with requirement of no upfront investment from your end will ensure you pay only for what you use.
Our complete payroll service supports a wide range of pay types and schedules, and includes direct deposit of funds, tax filings, complete compliance and many more. Automatic reminders keep you informed of due dates for tax payments and compliance reports, and you will receive all the payroll reports you need to run your business efficiently.
Overview of Our Payroll Outsourcing Services:
Based on the inputs we receive from you, we maintain monthly payroll processing and master data
Based on the requirements of your employees and management, we offer you various output reports
We perform the activities required for collection and vetting of investment proof at the end of each year
We can interact with the authorities concerning registration of your company, such as, with income tax, labor welfare, provident fund, ESIC and professional tax authorities
We prepare and submit all statutory returns with government authorities, as required
We take care of management of finance reporting, usage, balances, accrual calculation and approval of leaves of your employees
We also manage reimbursement against expenses, including reporting, balance computation, vetting of documents, approval and submission of claims