PAYROLL SERVICES

Payroll accounting and management which is an integral aspect of financial accounting tends to be complicated and most accounts staff get it wrong. It takes lot of time from accounts staff and put unnecessary pressure when the PAYE and SSNIT deadlines are approaching each month.

Corporate Tax Solutions has a dedicated payroll desk that can take all the stress and strains from you, freeing you up to focus on running your business. We offer complete payroll service for staff portfolios of any size and take care of all the necessities as is legally required. We establish constant and clear communications between our dedicated staff and your team to ensure constant flow of information , reports and feedback.

Our payroll package includes;

  1. We do all the payroll computations in software and send you a list of employee names and the net payment to be made to each employee.
  2. We provide monthly payroll reports to management
  3. We provide payroll accounting entries to the Head of Finance
  4. We let you know through e-mail, phone or text your monthly PAYE, SSNIT, Provident Fund payments to be made.
  5. We provide a dedicated help desk for all your queries e.g. sickness pay/ maternity pay entitlement and minimum wage levels.
  6. We remit payroll deductions and SSNIT to the respective authorities.
  7. We complete the necessary tax forms and furnish the GRA on your behalf:
  • Monthly PAYE Deductions Return
  • Employer monthly tax deductions schedule
  • Newly employee deductions schedule
  • Disengaged employees schedule
  • Annual PAYE deductions return
  • Employer PAYE deductions return
  • Annual Employees information schedule

As part of our payroll services, we provide Employee Provident Fund administration. We undertake the following;

  1.     We assist Fund Trustees, Fund Manager and Custodians with all relevant information.
  2. We make monthly contribution on time  to Custodians
  3. We obtain quarterly fund report from Trustees and ensure that there is value for money in the investments
  4. We obtain regular employee scheme report and ensure that each employees information is accurate.

 

By outsourcing your payroll to us, you are poised to enjoy the following benefits,

  1. You will have more time to focus on running your business
  2. This will reduce your stress levels as you do not have to worry about all things payroll related
  3. You have assurance that you are doing your payroll correctly
  4. You are confidence that you are in compliance with the tax laws
  5. You save huge sums of money on expensive and complicated payroll software