Payroll is the process of providing compensation to employees for their efforts on behalf of a business. The outcome of the payroll process can result in one of the largest periodic cash expenditures of a business.
The payroll function includes:
• Collecting information about hours worked and obtaining approval of those hours
• Calculating amounts payable and deductable
• Creating payments
There is considerable risk of large penalties imposed by the government if payroll taxes and related withholdings are not remitted to the government according to a strict payment schedule. A good way to avoid the risk of missing these tax remittances is to outsource payroll to a third-party payroll processing service, such as our Uphando HR services, which ensures accurate calculations and reports.
Payroll, which can otherwise be a time-consuming process that requires an inordinate amount of staff time & which may result in a large number of errors, can be streamlined with the help of Uphando HR Service, as a Payroll professional will be dedicated to assist you with all your payroll requirements.