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Updated on : 22-Jan-2020 05:40 AM IST | 4 min read
Payroll Services for Small and Medium Sized Enterprises in India
Running a payroll system is difficult and a time consuming process. To make this task easy, many small businesses are shifting to the online payroll services to pay employees right salary at the right time. It is a crucial task to maintain the records of employees working in your organization. There are many activities which we have to perform to manage the payroll of a company. It includes salary amount, deduction of tax on salary, paying the taxes to the government, keeping track of emp0loyees leaves per month, generation of pay slips, increment etc.
Now days, many small businesses are opting for online payroll service to make their payroll work simple and much more convenient. An online payroll service operates in the cloud system and company doesn’t need any software to be installed or maintained. A business person can manage the company’s payroll system from anywhere and from any place. This system can be used to pay full time & part time employees, contractors, freelancers etc.
Handling payroll system is quite a difficult task and many companies outsource this system to concentrate on other business activities. Payroll management is something we can’t ignore as you have to pay your employees for their work correctly and on time.
What Is Included In Our Package?
Payroll Services – Ideal For Small & Medium Businesses
Online payroll service is the most efficient service for managing the payroll of the company. It automatically calculates the amount employer has to pay to its employees every month as a salary. It also deducts amount for other healthcare and social security benefits. An online payroll service handles all payroll tax responsibilities of the company too. It includes filling of the required paperwork, withholding the proper amount of funds, making the necessary payment to each local, state and federal agency. You can have access to business online payroll service from anywhere and at any time. You can log in by using any web browser to check employee information, input payroll, payroll report etc.
Many online payroll companies offer additional services to small as well as medium sized businesses and they are as follows -
- Worker’s compensation insurance
- New hire reporting
- Time & attendance solutions
- Retirement savings plans
- Paid time off management
Benefits Of Using New Payroll System
There are many benefits of using the new payroll system –