Payroll Outsourcing | Payroll Outsourcing Agency in Bangalore

Payroll OutSourcing

Payroll Management

Depending on their needs, a company may customize the payroll services that they outsource, while retaining control of other aspects. The payroll functions typically outsourced to a third-party provider include:

Running payroll and making employee pay and withholding calculations
Depositing funds directly or issuing checks to employees
Calculating state and federal payroll taxes, and making tax withholding payments
Filing required government reports
Administering employee benefits
Withholding social security and pension contributions

Payroll Management is the administration of the financial record of employees' salaries and statutory payable. Payroll outsourcing is simply the use of a service provider to handle the administrative and compliance functions of paying employees. It is important to note that payroll services are only that, and do not offer a local employer of record for the foreign company. This means that local incorporation is still required, and the other aspects of employing workers must be handled DIY or by other experts.