Who Needs Payroll Compliance Services?
Payroll Compliance Services are essential for every organization. Whether you are a small-size, mid-sized or a multinational, to stay compliant with various payroll related laws and regulations you need payroll and compliance services. This includes industries such as manufacturing, healthcare, IT, and other service industries.
Managing payroll and statutory compliances are not only time consuming but also encompasses a wide variety of tasks that are an integral part of the employee lifecycle. Alp Consulting with a vast experience of almost three decades, pan-India presence, a talented team and a well-defined process facilitates meticulous payroll compliance in India for its clients.
What is the Importance of Payroll Compliance Service?
Outsourcing your payroll needs to an external, expert third party payroll compliance services provider such as Alp Consulting ensures that your business adheres to these regulations and stays compliant with all applicable.
Our Payroll Compliance Services
Alp Consulting provides statutory compliance and payroll compliance services to organizations to help streamline their payroll process and maintain compliance with laws and regulations. Our compliance experts focus on avoiding non-compliance by staying up to date with the changing regulatory environment.
Here is a list of services we offer under our statutory payroll compliance services:
- Monthly challan generation of EPF and ESI
- Generation of employee UAN & I.P no for all respective PF & ESI code
- In case of change of employer, we help with the amendment of employee UAN number, as necessary.
- Provision of support in case of transfer of employee PF account / Withdrawal of PF amount
- Liaison with the PF & ESI department
- Assist our clients in handling of PF & ESI inspections efficiently
- We will take the responsibility of preparing and Submitting PF & ESI related documents as well as provide legal consulting related to PF & ESI matters.
- Remittance of PT (Professional Tax) and LWF (Labour Welfare Fund) (Labour Welfare Fund) as per periodicity
- We update the client regarding any legislative changes
- Coordinate with the client in handling inspections by statutory authorities.
- Facilitate employees in getting Transfer In, Transfer out, Withdrawals & Pension Claims.
- Facilitating employees in the process of updating KYC on the portal
- Facilitating employees for online transfer of accounts between companies
- Facilitating employees to avail pension benefits on retirement
- Coordination support for accident-related compliances
- Coordination support for availing benefits from ESI & EPF
- Preparation and submission of Statutory Returns under EPT
- Remittance of Statutory Payments under EPT
- Tech enablement of Payroll Compliance Tasks with a robust automation tool
What are the Key features of Payroll Compliance Services?
Some of the key features of an effective Payroll and Compliance management are-
1
Payroll processing and management
Processing payroll is the most important function of an organization. Payroll compliance services help process and manage payments on time and pay employees in their preferred method of payment.
2
Direct deposit
Direct deposit eliminates the risk of fraudulent cheque deposits and optimizes time, money, and resources by electronically transferring funds instead of printing and distributing cheques, allowing paperless transfers.
3
Easy tax filing
Tax filing is a tedious process that involves calculation and deductions of the right taxes from employee wages. With payroll management services this task is made easier as payroll companies take care of the entire tax filing process and create necessary forms for tax filing and submission.
4
Time tracking integration
As your payroll compliance service provider, we provide you with an ESS (Employee Self Service) portal that automatically records their work hours avoiding the hassle of inputting the time in and time out information manually.
5
Compensation management
Monitoring and administering compensation to employees needs meticulousness and precision. The adjustments can include benefits, bonuses, overtime, and vacation pay. Part of payroll compliance management involves keeping track of time and attendance to calculate accurate compensation to be sent out to employees.
6
Employee Self Service
Employee self service allows transparency between the organization and the employees as they have access to the tax information, w-2 forms, their personal data, and pay slips. It ensures and encourages an open communication environment regarding any issues and concerns about payments.
7
Payroll reporting
Reports are essential to analyse and improve your business. Information like employee payments, deductions, tax information and a breakdown of costs and revenue can help you plan future budgets and operations so that you can save on hidden costs and improve your overall payroll process.
8
Compliance management
The government and compliance are ever changing. So how do you make sure your business is always compliant? Payroll compliance service make sure they stay updated with the changes in the rules and regulations and ensure that your business is in line with the law and avoids non-compliance.
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What are the Benefits of Payroll Compliance Services?
Payroll Compliance Services offers various advantages for businesses, especially if you choose a talented partner like Alp Consulting. Some of the key benefits of our payroll and statutory compliance services are-
Why choose Alp Consulting?
With Alp Consulting’s payroll compliance services, businesses can efficiently manage their payroll processes while staying up to date with regulatory changes and ensuring that employees are paid accurately and on time. Alp Consulting specialises in offering comprehensive Payroll Compliance Services, assisting you from initial advice to ensuring full compliance with essential requirements.
Contact Us For Business Enquiry
Want to explore partnership with Alp?
Whether you are a startup on a growth trajectory or a large organization struggling to maintain your talent pipeline or a company looking to outsource HR or training functions, we have bespoke solutions for everyone!
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Please do NOT fill the form for any job related query. If you are looking for a job please visit our careers page. If you need any support from our HR team please send an email to hr@alpconsulting.in.