Hassle-Free Payroll Management Services


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.

Challenges Face in Processing Payroll


Time-consuming

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.

Compliance

Apart from staying compliant with Single Touch Payroll, you must be aware of many other laws and legislation. Staying compliant is a necessity.

Accuracy

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.

Fraudulence

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.

Dedicated Team

In most organisations, the responsibility of payroll falls under the HR department, which works in collaboration with the finance department, adding to their workload.

Cost Implications

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.

Payroll Outsourcing Service by Whiz Consulting


As an outsourced payroll services provider, we take it upon ourselves to offer you the following services –

Payroll Process for Australian Business


Setting up a System

We set up a system according to the schedule chosen by you, and then we prepare a calendar with relevant dates.

Sharing of Data

Important data and timesheets are shared through email or via cloud storage services like Dropbox or Google Drive.

Processing of Data

Based on inputs received from you, we calculate gross pay, deductions, net pay, superannuation and so forth.

Payment

We process all employee payment through a batch file which is sent to the Bank for upload.

Review, Follow Up and Revisions

We review the activities at constant intervals, ask for your feedback and make revisions wherever required.

How would you benefit from the Outsourced Payroll Solutions by Whiz Consulting?


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 processes
  • Single Touch Payroll (STP) Compliant
  • Increased confidence in the accuracy of payroll
  • Comfort that employees will be paid correctly, on time, every time
  • Ease about the security and confidentiality of sensitive payroll information
  • Confidence that your payroll processing services function is compliant with legislation across multiple jurisdictions
  • Customised to the need of the client's requirements
  • Decade long experience for all sizes of businesses in Australia

Payroll Outsourcing for Australian Business


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.

Frequently Asked Questions (FAQs)


Outsourced payroll is a great way to improve your productivity. As a business owner, your main priority is your business and the main operation, which producing goods or providing services. Payroll is not a core task but essential and can take a toll on your productivity. Additionally, provided you have to conduct payroll weekly, fortnightly or monthly, it will only increase your burden. Outsourced payroll solutions providers will take away this burden and make payroll management a breeze for you.
Single Touch Payroll (STP) is a payroll reporting regulation by the Australian Tax Office (ATO) introduced to help lessen employers' payroll reporting burdens. Single Touch Payroll allows the employer to report to ATO regularly throughout the year instead of reporting it annually.
Single Touch Payroll is a mandatory obligation for Australian businesses that have employees on the payroll. It enables you to report your employees' payroll information like salaries, wages, super and pay as you go (PAYG) withholding to the ATO.

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