Payroll Calculation and Processing:
We have developed our own software to handle the complex calculations involved in determining employee wages. This includes accounting for factors such as hours worked, salaries, overtime, commissions, bonuses and other variables. We take into account the deductions such as taxes, insurance premiums, retirement contributions and other voluntary deductions. Once the calculations are complete, we can initiate direct deposits to ensure employees are paid correctly and on time.
Tax Management:
Payroll services take care of tax-related responsibilities, including calculating and withholding the correct amount of taxes from employee wages. We also manage tax filings and reporting requirements, ensuring compliance with tax laws and regulations.
Compliance and Regulatory Support:
We stay up to date with ever-changing labour laws, tax regulations and compliance requirements. We help businesses navigate complex legal obligations and ensure that their payroll practices align with the applicable laws. This includes ensuring proper classification of employees, adhering to minimum wage laws and implementing necessary payroll deductions.
Employee Benefits Administration:
We also provide services to assist with managing employee benefits programs. This involves handling the administration, enrolment, deductions and reporting for benefits such as health insurance, retirement plans and other employee perks.
Time and Attendance Tracking:
We can help you select timekeeping and attendance tracking systems that integrate with their payroll processing. These systems will help you to accurately track employee work hours, manage time-off requests and calculate overtime and other time-based payments.
Reporting and Analytics:
We generate detailed reports and analytics that will provide valuable insights into their payroll expenses, labour costs and other financial data. These reports help in budgeting, forecasting and making informed decisions related to staffing and resource allocation.