This is the bane of many Small to Medium-sized Enterprises (SME's). How many times have they been required to bring their books to the internal revenue service in order to reconcile what they computed against what should have been included in the first place? And, as always, most of their in-house accountants did not get this or that memo to do so, which causes backlog, penalties and all sorts of delays and hindrances.
Every organization needs to process the payroll of their employees in a timely and accurate manner. This, however, is not the simplest thing to do. Are you able to comply with the statutory and tax regulations (that change from time to time) while managing all of that?
If not, you should consider engaging the services of payroll outsourcing companies if the time you spend taking care of all that appears unreasonable.
This can be preferable than setting up and managing payroll in-house.
With an outstanding customer portfolio and business network, CBSI is now a pool of seasoned business consultants with specific expertise on accounting, payroll, bookkeeping and financial software. Our collective experience of more than 10 years in the industry of accounting and payroll services processing has proven that we can process a considerable number of payroll records on a monthly basis.
We have a proven record of more than 99% accuracy in payroll processing and have a team of highly qualified accountants who focus exclusively on payroll and accounting. We ensure complete confidentiality while providing transparent employee communication, meeting statutory requirements and doing basic payroll calculations to provide end-to-end small business payroll processing.
The Client’s HR unit or equivalent shall provide regular timesheet details of the employees, stating the number of man-hours worked, overtime hours, tardiness and absences.
The payroll register shall contain individual salaries due to each employee with the corresponding payroll taxes withheld and deductions for each period.
This includes total salaries received per employee, total tax due, withheld and remitted to the Bureau of Internal Revenue.
5 days before Payout
Sending of Payroll Information
2-4 days before Payout
Payroll Outsourcing: Timesheets, Salary Adjustments
Clasen Business Solutions
2 days before Payout
Computation of Payroll
Clasen Business Solutions
We are using a Cloud Payroll and HRIS software that has unique features to make HR processes more efficient:
With this, you free yourself from the tedious preparation and gain more time to focus on more important issues involving human resources such as talent search, hiring and development of your workforce.
Call Clasen Business Solutions Inc. today and let’s see what we can do for you and your Organization!