Many organizations handle the payroll process in-house. At the same time some businesses outsource their payroll service provider
who handles all the aspects related to this. In both the cases it is
very vital to understand the compliance related aspects and micro-manage
them to prevent any issues in payroll, since this is related to the
operational cost of the organization and any errors will directly impact
on the ROI as well as, since these compliance related aspects are
related to the government, it might even result in adverse effects in
the reputation.
The first and foremost factor that tends to create an issue with regard to compliance and payroll processing company is that your HR leader must be an expert in the industry. He must be aware of all the changes that tend to happen in a frequent basis with regard to the government regulations, especially taxes.
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