All the things a business owner should know about Payroll Outsourcing

Generally employers outsource their payroll and tax responsibilities to third-party-payroll providers, such as Brooks Consulting Private Limited and for good reason.

An employer can work without tensions like calculating salaries of employees at the end of month or weekly. There are so many tasks which should be completed on time rather than calculations. Outsourcing provide flexibility to business operations, free up resources, ensures that all the employees get paid accurately on time and also ensures that filing deadlines are met.

Payroll Services include

1.  Payroll Services for Corporate
2.  Payroll Services for expatriate
3.  Compensation Consulting
4.  Paperless Services
5.  Corporate Tax Filing & Returns
6.  Internal Audit for Payroll
7.  Compliance Management Services
8.   Statutory Registrations
9.  Benefit Administration
10. Transaction support
11.   Remuneration planning
12.  Tax planning for international employees
13. Recruitment Services

       These outsourced services typically save on time and resources, employers should consider a couple  of things prior to signing up.

1.       Tax liability. The employer should be liable for the deposit and payment of federal tax responsibilities. While the third party payroll service providers can still make tax deposits forwarded from the employer, the employer is still responsible.

2.       Payment system. Make sure the payroll service provider is using the Electronic Federal Tax Payment System (EFTPS).This system ensures employers that their payments are being made properly. Employer can register on the EFTPS site and get their own PIN to verify payments.

Brooks Consulting Private Limited offers nationwide online payroll services, payroll outsourcing services.