Payroll is the total amount the company pays to its employees in a period. Any business needs to pay all its employees accurately and on time. However, it can be a tedious task for small and medium businesses. With the lack of time and often due to lack of knowledge, businesses pay wrong amounts, leading to employee dissatisfaction and penalties from the government. Payroll is a particularly time-consuming activity, from mapping timesheets to preparing employee payslips, salary, and superannuation; it is a task best handled by experts. An effective payroll management system is a must for every business.
At Whiz Consulting, we transform the payroll processing administration for your business with a cost-effective and scalable solution. Our payroll outsourcing services permit you to give accountability for managing the payroll and taxation processes to specialists with ample resources to track the situation and perform accordingly. We will assist you in setting up a payroll management system that is perfect for your organisation in compliance with your human resource policy and Single Touch Payroll.
Processing payroll is a time-consuming and tedious process, be it manual or computerised. Chances of error are pretty high if payroll is processed by fast-tracking without paying attention to details.
Apart from staying compliant with Single Touch Payroll, you must be aware of many other laws and legislation. Staying compliant is a necessity.
With payroll processing done weekly, fortnightly, or monthly, the amount of data payroll processing is voluminous. Any inaccuracy in this data will lead to more significant problems in future.
Some payroll fraud that people in an organisation can commit will impact the organisation, like ghost employees, falsified wages and commission, or even fake insurance claims.
In most organisations, the responsibility of payroll falls under the HR department, which works in collaboration with the finance department, adding to their workload.
Payroll processing is also quite costly as one needs to invest in payroll software and human resources. The absence of either one will reduce overall payroll processing efficiency.
As an outsourced payroll services provider, we take it upon ourselves to offer you the following services –
Payroll data entry, payroll data processing including tax calculation
Calculating the exact amount due to employees after withholding taxes
On-time payslip generation and emailing
Recordkeeping & administration
Monthly, Annually Employer or Statutory compliance
Map the timesheets and prepare employee payslips, salary, and superannuation
We set up a system according to the schedule chosen by you, and then we prepare a calendar with relevant dates.
Important data and timesheets are shared through email or via cloud storage services like Dropbox or Google Drive.
Based on inputs received from you, we calculate gross pay, deductions, net pay, superannuation and so forth.
We process all employee payment through a batch file which is sent to the Bank for upload.
We review the activities at constant intervals, ask for your feedback and make revisions wherever required.
Outsource your payroll to the highly trained team at Whiz Consulting and obtain dozens of benefits like other businesses. We process over a thousand payslips every month, and thus you can be assured that you are paying accurately. Some other benefits of choosing Whiz Consulting for your Payroll Service are -
Increased efficiency of payroll systems, controls, and processesSingle Touch Payroll (STP) CompliantIncreased confidence in the accuracy of payrollComfort that employees will be paid correctly, on time, every timeEase about the security and confidentiality of sensitive payroll informationConfidence that your payroll processing services function is compliant with legislation across multiple jurisdictionsCustomised to the need of the client's requirementsDecade long experience for all sizes of businesses in Australia
Payroll outsourcing in Australia is not something new, and many businesses have been outsourcing payroll to the payroll management company to help ease their burden. It has helped many save money and stay in compliance with local law and legislation, for example, Single Touch Payroll. For a business, it is essential to understand the process of payroll – pay calculation, superannuation, deduction, payslip generation, Single Touch Payroll reporting requirements, tax return preparation, tax calculation as well as a timely payroll tax payment. And these are best left in the hands of experts.
We at Whiz Consulting have been providing payroll management services in Australia for over a decade now. We offer an affordable way for our clients to take away the payroll burden by providing a time-saving and cost-effective alternative to internal payroll processing services. If you require payroll outsourcing in Melbourne, Sydney, Brisbane or other parts of Australia, we can assist you with all your payroll management needs. We have been providing payroll outsourcing in Australia for over a decade now and help numerous companies with Single Touch Payroll reporting. We understand the current legislation and requirement of each jurisdiction, ensuring no error in payroll processing.
