Payroll services to simplify business
Payroll is the list of Company employees entitled to receive payments and other work benefits and the amounts that each should receive. Along with the amounts each employee should receive for time worked or tasks performed, it also refers to salaries and wages, bonuses, withheld taxes, or the company’s department that deals with compensation, including funds. A company may handle all aspects of the payroll process in-house or can outsource aspects to K2Y.
K2Y advises clients on all matters related to preparing and execute on payroll-related filings and tax compliances. Keeping control of payroll and reporting obligations at home and overseas is a stretch for any international business. That’s why a growing number of clients outsource those obligations to us. Complying with payroll and related laws and regulations that are constantly changing is a challenge. We can help in recording payroll and associated rules.
Additionally, staying current on payroll laws developments at the local and national level while meeting the demands for more transparency and financial information strains the resources of the payroll department and further complicates payroll compliance. K2Y delivers a distinctive mix of expertise and technology throughout India– all the talent you need to build consistent, standardized payroll processes, with rigorous local law compliance at their core.
K2Y payroll service ensures that your employees are paid accurately and on time. We can make payday simple for you with our secure, fast, and flexible systems. At the same time, the company abides by labour security laws to comply with local laws and regulations.
A single answer to all challenges
From payroll outsourcing to reporting, analysis, and consulting, we can strip away cost, complexity and risk. We can organise and manage your entire payroll and payroll reporting activities centrally bringing precision, consistency and punctuality to local payroll compliance and clarity to payroll risk management. Our services are based on your business nature and other vital aspects.
- Scalable services adapt easily to any business and are flexible enough to evolve.
- Concise, timely, value-driven reporting supports effective corporate decision-making at every level and in all your markets.
- Distinctive localized technologies transform central financial reporting into dependable local compliance.
- Professionalism in team behaviour always gives a positive way to work longer and time management.
- Always proactive and knowledgeable on all matters.
- Help you stay on top of regulatory change, build strong relationships with local vendors, employees and authorities, and align your local compliance processes with what’s important for your business.
Payroll Consulting
Our team will guide you through possible options related to payroll obligations when expanding internationally and what steps to take to comply with local rules:
- Payroll guidance for international expansion and cross-border transactions.
- Appointment, resignation and other related documentation.
- Monthly filing statements under Provident Fund (PF)and Employee State Insurance (ESI) and deposit the contribution money.
- Health checks assessing payroll risks and opportunities for cost savings.
Our consultancy services
The Payroll consultancy team at K2Y assists businesses to dealing with the most challenging aspects of projects. We can assist with ERP localisation, payroll consulting & filing commercial registration & filings thereon, and finance transformation. We also provide ad hoc pay roll support, with expertise in local laws, regulations and requirements.
Our core areas of expertise
K2Y is a world-class essential corporate service provider in India. In addition to Payroll services and consultancy, we offer Indian company formation, registered office and resident director services and related post-incorporation services, including incorporations and shelf documentation and value added post-incorporation work (VAPI) which includes foreign exchange management or foreign direct investment and set up-current bank account etc. K2Y enables multinational businesses to confidently and quickly establish a presence in India via our international incorporations, corporate secretarial services, tax services, HR and payroll services.
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