Payroll Solutions - Outsourced
Payroll management is becoming an increasingly complex function, requiring a high level of expertise, focus, and no room for error. This function is mostly a cost center and often a time-consuming duty. Regardless of the size of your business, payroll administration is a vital aspect of your business that needs focused attention.
Our company is here to look after your staff payroll which will free you to get on with what you do best – getting on with your business!
Outsourced Payroll Administration
- Absolute and Total Confidentiality on all payroll records.
- Compute employee remuneration.
- Implement and processing of payroll.
- Compile payroll records.
- Generating pay slips on pre-printed stationery or electronic.
- Generating Monthly Payroll reports (Company Recons, Earnings and deduction analysis, etc.), customized reports available on request.
- Creating/compiling customized financial salary-related journals (electronic).
- Maintain up-to-date employee equity records.
- Creating upload files for salary imports into your bank.
- Third-party information and payments, i.e.
- Unions, councils’ Provident funds, etc.
- All third-party reports for payments i.e. Medical aids, Provident funds, etc., including SARS, UIF, and SDL.
- Submitting of SARS statutory information (EMP201, EMP501 Mid-year, Financial year end).
- SARS EMP501 Annual and Bi-Annual reconciliation and declarations and issuing of IRP5 and IT3 at tax year-end.
- Compiling yearly report for submission of CIODA.
- Reports for employer purposes.
- Registration of new employees.
- UIF Declarations and submissions. (Unemployment Insurance Contributions Act, No. 4 of 2002)
- Keeping accurate leave records and leave provisions.
- Adding and terminating employees.
Despite the potential savings, cost is not the primary reason why most firms outsource their payroll. Another good reason is to save themselves the time and hassle of internal processing.
Time is your most valuable resource no matter what business you are in, minutes and hours saved mean more revenue generated in your business.
Our Payroll services include
- Capturing all your payroll-related changes and input for example overtime, loans, provident funds etc.;
- Generating professional pay slips on pre-printed stationery, or supplying electronic pay slips
- Processing all loans, garnishing orders, and third-party payments on the payroll and maintenance of their relevant balances;
- Providing reports in either printed or electronic format. These include a company reconciliation report, a variance report detailing differences to the previous month’s payroll, listing all earnings, deductions, and company contributions made during the pay run;
- Provision of a summary report which will detail all payments that you are required to make to all third parties, including SARS, UIF, SDL (Skills Development Levy), Medical Aid, Pension / Provident Fund, Garnishee Orders and Unions, etc. Detailed reports will, of course also be provided;
- Processing of all leave taken (annual/sick/ family/ and Maternity) and maintenance of all leave balances;
Additional services include
- Annual preparation and submission of IRPS and IT3 and checking certificates of the e@syfile.
- All SARS and Labour returns are done monthly
Benefits of outsourcing your payroll
Cost Savings
Time spent on Payroll can be used on more productive tasks
Reduce Overhead
No need for expensive payroll systems
Expertise and Focus
Staying up to date with constant changes in legislation and compliance
Confidentiality
No risk of leaked or shared payroll information from staff
Data Protection
Your company data is secured and backed up
Compliance
No compliance could result in costly fines and penalties
