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Showing posts from February, 2021

12 Benefits of Using Online Payroll Software For Your Small Business

  Running a small business is hard. When you are running the show, you are responsible for everything from the efficiency of the back office operations to the success of the sales force, but that does not mean you have to do everything on your own. To the contrary, there are times when strategic decision making and smart delegation can improve your operations and help you get more done. The management of your payroll is a case in point. You could handle the payroll process, delegate the task to a trusted employee or get the assistance of your bookkeeper or accountant. No matter who is tasked with payroll operations, there are plenty of benefits to using  online payroll software  to get it done. Here are 12 of the biggest benefits you can enjoy when you switch to online payroll software for your small business. 1. Greater Employee Satisfaction If your employees are not happy, you will not be happy. If you neglect the morale in your office or factory, you could find your be...

How payroll accounting software benefits to Dual Tax Regime

  Salary and wage deductions are a necessary part of payroll processing software . The employer must take compulsory withholding from employee paychecks, including federal income tax. These taxes can be time-consuming and perplexing to compute manually. A number of rules are attached to withholding tax calculations. An automated payroll system has the tax rates hard-coded the system. It calculates the withholding tax for each employee based on the withholding conditions data input.  Dual Tax Regime: Shall I Switch Or Stick To The Old? Tax calculation from the start has always been a headache for most people. With the time approaching to file the annual tax deductions service, most of the people find it weary due to the additional paperwork, forms it includes. This year, however, there was a wave of change that stunned most of the people. When the budget was announced for the financial year 2020-2021, it came as a surprise for many people. While most of them were expecting that...