Payroll Processing

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About Payroll Processing

Overseeing a company's payroll can be a complex, time-consuming, and expensive endeavor. Ensuring precise and punctual salary payments is crucial, and compliance with diverse laws and regulations, including labor law, Social Security, and other statutory requirements, is equally essential. A streamlined and efficient payroll system is imperative for businesses and CPA firms.

Introducing our new venture, Accumag Solution LLP, committed to providing a 100% accurate and timely payroll management process for clients worldwide. Leveraging extensive experience across various business sectors, we specialize in handling payroll for diverse workforces, ensuring excellence in every aspect of payroll management.

Our Payroll Management Procedure

Services

Record Maintenance

Master Particulars: Staff Identifiers, Personal Employee Information, Academic Achievements, Salary Increases, Entitlements, Perks, etc. Transaction Particulars: Employee Attendance, Advances, Deductions, etc.

Services

Payroll Preparation and Cost Analysis

For every staff member, Accumag Solution LLP computes gross pay, net pay, tax, social security deductions, and other mandatory deductions in accordance with the country's regulations. We furnish a comprehensive payroll analysis for the business's cost assessment.

Services

Salary and Payslip

Creating individual payslips for every employee, presenting a meticulous breakdown of the calculated salary post mandatory deductions in adherence to the state's regulations.

Facilitating the transfer of net salaries to employees' bank accounts through streamlined processing.

Services

Submission of Statements to Authorities

Timely online submission of employee-related compliance statements to relevant authorities in accordance with state regulations, ensuring adherence to statutory deadlines.