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|Total Solutions Middle East is the leading compliance consultancy and training service company in the Dubai established in 2004, We provides HR Solutions, contracting, outsourcing and Payrolling services as well.|
Choosing payroll services has great benefits
Paying your employees for what they do is not a simple job. It is not only about keeping track of their hours or cutting a few checks but a lot more goes into the process. For small business owners who are not well-versed with accounting, and for whom hiring a team for payrolling is an economic burden, payroll processing can be an overwhelming process. Hiring an outside payroll service brings many advantages in this scenario.
Saves you time
Payroll processing by hand is a time consuming process and if you are not well-versed with the process, then it can create more problems for you. Outsourcing payrolling in Middle East can free-up your staff time to let them get involved in more important revenue-generating activities.
Small businesses with obsolete payrolling have to pay huge penalties for late or incorrect filings and payments. Most payroll service providers give a tax guarantee ensuring that their clients would incur no penalties as the service providers take the responsibility for the penalties if it ever happens. This cost-saving immediately justifies outsourcing these services.
No technology headaches
A major problem for the business owners is to keep abreast with the technology. They have to think whether they have the up-to-the-minute version of payroll software and the latest tax slabs installed on their computer. The use of wrong tax tables can result in penalties but outsourcing payroll keeps them free from all such problems ensuring processes run smoothly.
Keeping the information confidential
When you outsource payroll services, you actually keep the information confidential. Your bookkeeper or controller doesn’t have idea of the technology employed for the process. The knowledge stays indoors even if they walk out of your office to join somewhere else. It saves you from a big business risk.
Leverage third party expertise
Most business owners and controllers find it difficult to keep up with the constantly changing government forms, regulations, and withholding rates. By outsourcing these services, small and medium companies can take advantage of expertise which they can’t afford to have in-house. They can avail the same facilities which are usually enjoyed by the big companies.
Easy maintenance of processes
Manual payrolling is headache and it can also be a nightmare in worst cases. Businesses that outsource Payrolling in Dubai don’t have to undergo the tiresome process. They have the assistance of a payroll expert eliminating the sources of personal pain. Also, the employees enjoy direct deposit saving themselves from the error-prone and time-consuming paper processes of banks.