Payroll Management Service are services provided by Professional Human Resources Companies for third parties who need to save time and costs and also focus on more key issues relating to their business. Payroll management is the administration of the financial records of employees’ salaries, wages, bonuses, net pay and deductions. Payroll is the list of employees of a company that are entitled to receive pay and the amounts that is due to each employee.
Companies often find that processing payroll is very complicated and time-consuming. The business owners want to focus on their core business but find themselves investing most of their time & money in keeping track of various tax laws that apply to their employees.
Managing payroll is always a tough task for businesses. Each time a new staff is hired, there are forms to be filled and regulations to comply with. Failure to do this could result in being fined and penalized by the relevant regulatory agencies.
A third-party payroll company accelerates the entire process, delivering a vital layer of infrastructure to your firm that manages unexpected hiccups and ensures your workers continue to get paid on time.
Most business owners don’t have the time or motivation to keep up with the latest regulatory compliance mandates. A payroll management service provider manages all necessary compliance needs, allowing firms to avoid financial penalties and sanctions that stem from potentially non-compliant practices.
No matter how many employees an organization has, processing payroll requires a lot of time and attention to details. Payroll Management Services when outsourced gives business owners more time to focus on what matters most to them.
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Biz Summit is a leading payroll management service provider managed by seasoned professionals with extensive experience in the financial and business arenas.
We have the ability and have successfully assisted retail, private and public sector clients with payroll management services.
We aim to become the service provider of choice to business owners.
By outsourcing your payroll services, you free yourself from worrying about fines and penalties. Majority of businesses pay penalties due to late or incorrect fillings. This situation can be avoided by availing the services of a payroll provider as many payroll outsourcing companies also give a tax guarantee and they make sure that you do not need to pay any fine. For this reason alone, payroll outsourcing is justified.
Even a single mistake can leave you open to audits and costly penalties. Due to the singular fact that regulations change constantly, often many times throughout the year, it’s unlikely that as a business owner, you can stay on top of all of these changes when your focus is to run and grow your business. We understand tax law. It is our duty and business to keep up with the rules, regulations, and changes in tax laws. They guarantee accuracy and compliance.
Payroll processing is indeed a brainstorming process. Outsourcing payroll can free up staff to pursue other important value-added and revenue generating activities.
At times there are errors like salary overpayment, errors in tax deduction which needs to be addressed at a high priority. These errors can lead to a major breakage of the company which can be eliminated by outsourcing payroll services.
Biz Summit offers a boutique of bespoke services one of which is payroll management services.
With the constantly change in tax laws, lots of businesses, especially the small businesses are at a huge risk of facing losses in the form of fines. Payroll outsourcing in such circumstances, reduces the expenses in terms of money and time. Our team of professionals are specialists in regulations and related complexities. We also deal with taxes and government compliance.
Talk to the best Payroll management service company in Nigeria now.
Biz Summit saves you time and effort associated with researching plans, obtaining quotes and maintaining the administrative duties. We will help you design an employee benefits package that will meet your financial and business objectives. It has been established that benefit plan satisfaction is closely linked to worker loyalty and job satisfaction. By offering competitive benefit plans, we will help you retain your best employees, as well as assist your recruiting efforts.
We will successfully implement and administer your employee benefits plan.
Payroll management in-house is cumbersome, time consuming and an overwhelming task. Biz Summit dedicated relieve this burden by ensuring your employees are paid correctly and on time. Our payroll management service includes features designed to eliminate virtually all of the overhead required to run your own payroll.
We provide you with an experienced and knowledgeable payroll team that is able to answer any payroll related question. In addition, your employees can contact us with any questions about their wages or deductions.
We perform your tax functions by handling state and federal payroll reports. Our dedicated team of staff are responsible for complying with federal and state employment tax laws. You will be at ease knowing your employment taxes will be calculated correctly and paid when due on a timely basis. We calculate, deduct and remit, Contributory Pensions & Health Insurance, PAYE Tax, Personal Income Tax, NSITF remittance as at when due.
We understand the impact injuries can have on a business. As such, we provide a package of superior claims services designed to ease the negative effect of work related injuries. Our services also guide employees back to health and help employers reduce claim costs.
Safety & risk management
By evaluating hidden hazards and potential safety violations, we make sure your environment provides a safe and productive workplace for you and your employees. Biz Summit safety programs decrease your liability and stabilizes your workers compensation costs. In providing your employees with safety program and necessary training, we create a safe environment that maximizes productivity and reduces the cost of time loss and productivity due to workplace injuries.
Employee background check
One effective way to protect your business from employee potential issues is carrying out background checks on your applicants and employees. It remains the utmost responsibility of every company to know for a truth who they indeed have on board. This will curtail potential employment risks and also aid the company in maintaining a good reputation. Our background check usually covers the following: academic qualification verification, previous employment verification, guarantors/referees verification, address verification, NYSC certificate verification, and criminal record verification
Let’s handle your payroll while you focus on the job
Other services include:
Maintaining vacation and sick leave records
Federal, state and local government taxes
Why you need us
Payroll outsourcing services means shifting the responsibility of disbursing salaries of your employees over to a third-party service provider. This is normally done to save time and costs associated with having to hire a specialized staff.
Performing payroll duties alongside running a business creates a huge burden and unwanted stress for small business owners. Issues like a missed deadline or incorrect filing of statutory returns can result in fines and penalties. These issues can be avoided when you outsource your payroll services to us.
When considering payroll outsourcing companies, you should consider factors such as experience, industry knowledge and reliability. Biz Summit is an accounting firm which provides the best payroll services around town. We proactively alert you to material changes that affects your business and your employees while also keeping payroll running smoothly no matter the size of your business and your employee population.
With so much to handle and take care of as regards work, payroll management can be challenging. To avoid the challenges that come with payroll management, businesses rely on a third-party payroll services providers like Biz Summit that has dedicated experts who specialize in payroll management services. Our dedicated team of experts have the proficiency to help our clients get rid of all the inconvenience associated with payroll processing. As experienced Payroll Services Provider, we have a team of professionals who are well qualified and experienced to solve all the payroll related challenges of your organization.
We provide innovative and completely customized solutions regardless the size of your organization. Our payroll solutions will directly address all the requirements of payroll management. We help businesses enhance their competitive advantage with the help of customized solutions on the background of vast domain experience, qualified professionals, and advanced technology. This allows us to offer our clients the confidence to meet all their business challenges.
When you outsource your payroll management services to us, you are guaranteed peace of mind and detailed payroll expertise.
Benefits of outsourcing your payroll services
Some of the benefits of outsourcing your payroll services to us are:
- Elimination of errors;
- Regular communication;
- Consistency and accuracy;
- Data Security and confidentiality;
- Concise documentation and reports;
- Trained and qualified staff members,
- We render the best professional services;
- Savings on infrastructure and maintenance cost;
- You avoid paying penalties due to non-compliance;
- Timely and efficient resolution of all employee issues;
- Compliance to regulatory and statutory requirements;
- We help your organization achieve her objectives effectively;
- Guaranteed compliance with federal, state and local government laws;
- Increase in productivity of your company as you can focus on other essential activities.
Be it basic payroll management, statutory compliance, staff benefits administration, or leave management we are here to help you. Schedule a consultation with us today and you will be glad you did.
If you need support with this service, please call on +234 8188888893 or email: email@example.com