Payroll is concerned with the financial records of salaries, wages bonuses, allowances and deductions of employees in an organization. In accounting, payroll refers to the amount paid to employees for servicesthey provided during a certain period of time. Payroll is simply concerned with the administration and management of personnel cost in an organization. From the accounting point of view, payroll is crucial, because they are subject to law and regulations(e.g in Nigeria Payroll is subject to Personal Income Tax Acts). From the business ethics perspectives, payroll department is critical because employees are responsive to payroll errors and irregularities. To boost good employee morale requires employees pay to be paid timely and accurately.
The primary and most important mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct tax, pensions and other deductions, and that all the deductions are remitted in a timely manner. This includes salary payments, tax withholdings and deductions from a paycheck.
Payroll comes in all types and sizes. They may vary in their degree of complexity but they all have one thing in common – they are urgent!
Which why we have a dedicated team of specialists in our payroll department geared up in providing a timely, accurate, and flexible service tailored to suit you needs.
We can relieve you of the pressure of:
structuring and packaging of your payroll
calculating PAYE, overtime pay, sick pay, maternity pay, terminal benefits, pensions, NHIS, NHF,etc.
helping you make remittance in respect of your PAYE, Pensions, NHIS, NHF, et
Alternatively, we can also provide PAYE training if you prefer to do it yourself, and a helpline in case you run into any difficulty.