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About Payroll Accounting
Payroll accounting is basically the calculation, management, recording, and analysis of employees’ compensation.
Most startups and small businesses do not have well-established HR systems and processes directing to challenges in hiring top talents, keeping good employees, and creating a productive workplace culture. By outsourcing payroll and HR management to LegalSalah, you can enjoy a stress and error-free payroll cycle every month, understanding it has been accomplished by the experts.
Advantages of Payroll Accounting
Payroll Accounting Registration Process Flow
2 WORKING DAYS
2 WORKING DAYS
2-3 WORKING DAYS
Documents Required for Payroll Accounting
|Comparison Basis||Private limited company||Llp||Sole proprietor|
|Start-Up India Recognition||✓||✓||✕|
|Suited For||Growing Startup||Service Provider||Small Business|
Payroll management is an ancillary process for all businesses. However, for most startups and small businesses, payroll and HR management takes up a huge amount of time and energy for the founding members. Thus, by outsourcing payroll management to LegalSalah, the founding team can concentrate on more critical areas like product development, marketing, and customer support.
LegalSalah Professionals will be deputed for your business to deliver support every month. In addition, we also have a pool of Experts to assist you with all your needs.
Indeed. Any of your employees may contact us for advice and assistance either by email or telephone
- Time Savings & Increased Productivity
- Reduce costs
- Team of Experts
Anyone can be a designated partner as long as they are a resident of India.
Payroll accounting is basically the calculation, management, recording, and analysis of employees’ compensation. In addition, payroll accounting also contains reconciling for benefits and withholding taxes and deductions related to compensation.
Most startups and small businesses do not have well-established HR systems and require Payroll accounting services.
Payroll management can be outsourced, handled on our own, or through software. But it is best when outsourced as it is cost-effective and saves time and money. Not to mention, the chance to closely work with payroll specialists and financial experts who are well-versed in the latest tax rules and compliances.
Our payroll system is well-secured and promises to protect your company data and employee data. With a strong security system in place, we do not compromise on the security of bank account numbers, addresses, pay rates, and other details needed to process the payroll and tax forms.
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The company aims for excluding the mediators from between the disadvantaged and the professional and saving the time of former whilst the procedure. The founders came up with the idea of Legal Salah- an online legal advisory portal, after looking at the faulty and often pleonectic opinions of the lawyer and accountants. Thereby the motive of the firm is to bridge the gap between the litigant and professionals for the easy provision of specialised second opinion according to the needs of the user. Another intent is of eradication of mouth reference and replacing it with the expert opinions of professionals who not just guarantee confidentiality of the query but also respond to it within 24 hours of asking hence saving the time of the user.Anushka Mishra
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