Every company large or small should think about outsourcing payroll as to reduce the labour costs and administrative paperwork. Outsourcing payroll processing helps business save costs and ensuring that employees are paid on time. Payroll providers can do everything from calculating pay, to transfer money into your employers account and filing all associated taxes. Businesses often experience difficulties in achieving or finding the right payroll function, but to choose the right payroll services provider you need to make sure that payroll provider:
Get the right level of service: making sure that provider delivers the right level of service, experts on Australian payroll laws and regulations, making sure that the business is super stream and single touch payroll (STP) compliant
Automate the easy stuff: making sure that provider using a software to automate the stuff, so you are not paying more in professional fees for a basic admin job
Check employee details regularly: making sure that provider is updating all legal requirements and any affected deductions, preparation of activity statements, preparation of payroll tax returns
Secure your data: provider needs to have safe and secure business data to make sure all personal data is handled in the safe and secure manner, check that they have a strong security measure in place
As a payroll service provider, we have resources to ensure the following employer’s payroll function are fully completed:
– working out a pay
– deduction of employee’s income tax
– making other deductions such as retirement contributions
– filing taxes with the ATO
– making payments to employees
– reporting single touch payroll (STP)
– keeping payroll records and emailing payslip to employees, and
– EOFY reconciliation & rollover reporting.
We are a team that provides an end-to-end payroll service for Australian employers across Australia, we partner with our client’s needs to ensure employees are paid correctly and the organisation is complaint with Australian standards. We provide peace of mind and cost affective opportunity to our clients.
Feel free to contact Lana and her team at Matovic Business Accountants if you would like to discuss your business’ accounting and bookkeeping needs.
Email us at info@matovicaccounting.com.au or call (07) 3557 5721.
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