As a small business owner you may struggle in keeping up with all the regulations regarding HR and payroll. With limited resources and compliance regulations to deal with you may want to consider outsourcing to professional payroll services.
Compliance With Regulations
Instead of having to spend several hours and loads of resources in ensuring compliance with regulations, let one of the professional business consultancy and payroll services take the load of your shoulders. Your main task is to ensure profits and the growth of your business. At the same time, you need to make UIF payments, ensure correct tax deductions, payslips, on-time payment, and more. The more you have to allocate resources to managing the payroll, the more time and resources you waste that could have been used to grow the business.
By outsourcing such functions to professional payroll services, you are assured of full compliance with the various tax laws and statutory regulations regarding for instance, deductions, third party contributions, submissions, payslip generation, and leave.
The new Companies Act has recently come into effect, ensuring even more changes to the business scene. Simply getting a grip on what is expected of you as business owner is already enough. Having to be concerned about possible non-compliance with payroll regulations, can make running a business rather stressful. For the small business owner, even more than the medium or large company where there are full departments to handle payroll issues, the outsourcing of the payroll services holds several benefits including:
The small business owner can opt to outsource only the payroll services or the complete accounting and bookkeeping tasks to a professional business consultancy company. Small business owners often fail to realise that they do indeed save not only money, but resources by outsourcing their payroll in addition to all the bookkeeping of the business. Instead of having to be concerned about possible non-compliance or perhaps mistakes on the pay-slips, the business owner can rather focus attention on the management of the business, extending its market, and building customer loyalty. With outsourced payroll services, the small business owner will thus have more time and ensure more profits.
Whether creditor or debtor reconciliation is needed, balance sheet assessment, bank reconciliation, and credit control as well as payroll services, the small business owner will benefit from the OfficeOnCall services and expertise. View the services offered and contact OfficeOnCall for professional payroll and accounting services today.