Do you want to free yourself from the hassles of payroll processing while simultaneously enhancing its efficiency? We at Career Planet Infotech provide an end-to-end payroll outsourcing solution reducing your processing costs with a streamlined and consistent execution of your payroll, statutory and compliance needs. We offer a comprehensive suite of services and versatile payroll services to meet the specific workforce management needs of an organization. We comply with all legal requirements effectively and in a timely manner. By availing our payroll outsourcing functions you can focus on core tasks and work to achieve your business growth. Our highly qualified team of professionals assist you at every step and helps you in attendance management, leave management, Full and Final of employees, over time, generating salary reports etc.
The need for outsourcing
Payroll processing is a tedious and time taking task. Payroll is one of those critical functions if not executed properly can put your business in a world of hurt. Payroll Outsourcing services can reduce cost, save time, and ensure that your taxes are correctly calculated. Outsourcing can actually turn out to be one of the best things a company does when in the right hands.
Benefits of availing payroll outsourcing services
Hiring a payroll management company can have many benefits that will make run your business a lot easier.
- Time Saving: Payroll Processing, calculating and paying employment taxes, preparing tax forms, and handling payroll inquiries are all very important parts for running a business, and so by outsourcing your payroll process your employees’ time can be spent more effectively in finding more business, or releasing a new product line.
- Reduces overhead Costs: Start-ups or SME’s typically spends lot of money per year in direct labour costs associated with payroll. Now these direct costs of payroll processing can be greatly reduced by availing payroll outsourcing services that removes the variable costs associated with staff recruitment and training, as well as updating your own payroll software to meet compliance changes.
- Data Security: Payroll process is a risk process as along with core issues of your business, you need to take care of other confusing aspects of payroll as well. Even with trusted employees, there is always a risk of identity theft of funds for personal gain. So we at Career Planet Infotech ensures that your data is stored on highly-secure servers that use cutting-edge encryption technology, along with unessential data backups. Thus by outsourcing payroll, you can free yourself from such adversity.
- Avoid Tax Penalties: According to the research it has been stated that 40% of SME’s pay heavy penalties per year due to inaccurate tax filing resulting in tax penalties. Now again Payroll Outsourcing services can save companies from facing these hassles and also ensure accurate payroll processing. This cost savings justify the outsourcing of payroll services.
- Guaranteed government compliance: Knowing the fact that every company is not expert in the complicated domain of government tax regulations and so they are legally responsible for any cases of failure to file accurately with federal and state agencies. Outsourcing companies guarantee accuracy and compliance i.e if there are mistakes, they'll make corrections while handling the liability of any errors they may make.
Payroll outsourcing can save your company from all the challenges of changing government rules, doing individual payroll calculations and having to answer your employee's queries about their payroll. You get comprehensive reports, direct access to payroll experts, saving time and money in the process. Outsourcing Payroll is a considerable expense for the company and one solution to help businesses to overcome the challenges of this key function.