Our job on outsourced payroll administration assignments, entails-
- Advising the client on the most optimal staff remuneration arrangement and especially for senior management staff.
- Preparation of the monthly payroll.
- Making all payroll based statutory returns.
- Effecting payroll payments within stipulated timelines.
- Computation of appropriate tax for any lump sum payments eg gratuities and pensions.
Benefits that accrue to the client from our involvement include:
- Maintenance of payroll confidentiality.
- Ensuring full compliance with payroll obligations under Income Tax Act, NSSF Act and NHIF Act.
- Prompt posting of the payroll in the general ledger through sharing of the payroll journal.
- Minimized payroll tax for individual employees.
- Absence of staff salary/remuneration disputes.