Administering payroll is becoming increasingly burdensome for many businesses. By taking away this task your staff is freed to focus on your core business. The payroll outsourcing is becoming popular and increasing number of business owners shifting their payroll to outsourced firms providing these services.Thanks to the advanced technologies and cloud systems a high level confidentiality is maintained while getting in to any such arrangements. You no more have to be worried about the confidentiality of your data.
Process we follow in carrying out the payroll services:
◾ Obtain national tax number (NTN) for employees
◾ Prepare tax computations
◾ Obtain and prepare monthly payroll in a prescribed form from management
◾ Transfer of salaries to individual account of the employees.
◾ Prepare monthly payroll pay slips.
◾ Deposit monthly payroll withholding taxes into the Government Treasury.
◾ Maintain records of monthly deduction and remittance of withholding tax.