Managing a business’s payroll can be cumbersome, time-consuming, and costly. Ensuring accurate and timely payment of salaries is essential, but so is adhering to various laws and regulations such as labor laws, Social Security, and other statutory compliances. An efficient payroll system is crucial for all businesses and CPA firms.

BMC SAAS offers a 100% accurate and timely payroll management process for clients worldwide. With years of experience handling diverse business profiles, we have successfully managed payroll for extensive workforces.

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Our Payroll Offshoring Procedure

 

1. Record Maintenance

• Master Details: Maintain comprehensive records, including Employee IDs, personal dossier, educational qualifications, increments, entitlements, perquisites, and more.

• Transactional Details: Track employee attendance, advances, deductions, and other relevant information pertaining to employees.

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2. Payroll Preparation and Cost Analysis

• Calculate Gross Pay, Net Pay, Tax, Social Security deductions, and other statutory deductions for each employee as per the laws of the respective country.

• Provide detailed payroll analysis for cost assessment and management.

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3. Submission of Statements to Authorities

• Ensure online submission of employee-related compliance statements to various authorities before statutory deadlines in accordance with the laws of the respective country.

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4. Salary and Pay slip

• Prepare detailed monthly pay slips for each employee, including a breakdown of computed salary after all necessary deductions.

• Process net salary transfers to employees' bank accounts promptly.

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By outsourcing payroll management to BMC SAAS, you can streamline payroll processes, ensure compliance, and focus on what you do best – growing your business. Let us handle the complexities of payroll management with our expert, reliable, and efficient services.