Taxman Taxation Services
Payroll processing is one of the most crucial support functions in any business that is subject to various laws, regulations and statutory requirements which need to handle with the utmost attention.
Instead of incurring headcount costs for an internal payroll department, outsourcing payroll allows that cost to be shared with other businesses. In addition, other non-measurable staff related costs such as recruiting training, medical benefits, amenities, and time to manage an internal payroll department can be saved with outsourcing your payroll function.
Enable your company to focus on revenue-generating activities instead of managing a support function such as payroll. The management team of your business will be able to focus on value added activities with their time contributing to generating revenue.
Instead of hiring payroll staff and paying for a payroll software to manage your payroll needs, our payroll professionals deploy the most relevant payroll software to manage your payroll. The deployed software provides real time data and reports to be customized based on client’s needs.
Our payroll professionals are updated with the latest legislative changes and statutory requirements. We ensure our payroll processes and reporting meet the latest statutory requirements and reporting standards. Our payroll professionals will also ensure you are informed with the latest changes in payroll related legislations, and statutory requirements.
Payroll information has high level confidentiality. Our payroll professionals serve as an external point of your payroll process, further reducing the risk of breaching confidentiality and strengthening the internal control of your payroll processes.
In an organization, payroll is a vital process that is carried out by only a few selected staff. Any staff turnover could disrupt the payroll process which has severe impact on the wider staff in an organization. Outsourcing payroll would remove such impact, by relying on payroll outsourcing an organization will be able to maintain a consistent approach to managing payroll, mitigating disruptions that could arise from internally managed payroll department.