Payroll Management Services

Payroll is the sum of all financials records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Payroll plays a major role in a company for several reasons. As a part of our service we focus on enhancing the productivity of our client’s business and its employees. We endeavor at every stage to map the existing processes at the client’s end, identify the gaps and modify the same.

From an accounting point of view, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and they are subject to laws and regulations. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct withholdings and deductions, and to ensure the withholdings and deductions are remitted in a timely manner. This includes salary payments, tax withholdings, and deductions.

Copyright © 2014 Peninsula Management Services