For small, medium and large companies
What is payroll?
Payroll is the sum total of all compensation a business must pay to its employees for a set period of time or on a given date. It is usually managed by the accounting department of a business; small-business payrolls may be handled directly by the owner or an associate. Payroll can also refer to the list of employees of a business and the amount of compensation due to each of them. It is a major expense for most businesses and is almost always deductible as such. Payroll can differ from one pay period to another due to overtime, sick pay and other variables.
Why outsource your payroll to us?
Simarca Chartered Accountants professional payroll services offer many benefits and a few disadvantages. One major benefit of our payroll services is the ability to produce a variety of reports that simplify accounting procedures and help you and your company ensure that you are in compliance with legal and tax filing requirements. The payroll service also maintains a record of how much vacation or personal time employees have used.
Outsourcing is a great avenue for companies of all sizes to save time and money. The back office functions or bookkeeping and payroll operations are a non-core activity that takes time and resources to run every business. They are a time consuming activity that doesn’t need to be. Time spent on these activities add little or no value to your customer relationship or growth. In fact, you will be able to get more work done and tackle bigger projects. The reason for this is the outsourcing company works like an employee for these functions to ensure you have access to the important information needed to help make your business successful.
Outsourcing provides your business a professional or team of professionals who are experienced with many different types of companies that have more experience and knowledge than a bookkeeping employee that is able to provide advice on how to set up your system, organize your account more effectively and gives you in-site on how to save money and increase profitability.
Outsourcing adds value to your business by definitely streamlining the core business operations and allowing for what you do best, you do more efficiently.
What we offer
Capturing of monthly payroll transactions
Calculating all payslip allowances, deductions and company contributions
Generating and printing of security sealed payslips and monthly payroll reports
Reconciling and verifying payroll structures and allocation of allowances and deductions to the IRP5
Generating and printing of IRP5’s and IT3(a)’s in the prescribed format
Addition of new pay calculation codes to the system when required
Updating system with any changes in employee and employer information
Interfacing of external software packages such as accounting packages
Processing of monthly payroll back-ups procedures
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