Payroll, HR & Global Mobility

Payroll is a critical aspect of business operations, ensuring that employees are accurately compensated for their work.

1. Payroll Processing: This involves the accurate calculation of wages, salaries, bonuses, and deductions for each employee based on hours worked, attendance records, and other relevant factors. This may also include processing employee reimbursements and expense claims.
2. Tax Withholding and Reporting: Ensure compliance with tax laws by accurately withholding and remitting payroll taxes, including federal, state, and local income taxes, as well as Social Security and Medicare taxes. Additionally, prepare and file required tax forms, such as W-2s and 1099s, with the appropriate government agencies.
3. Benefits Administration: Administer employee benefits programs, such as health insurance, retirement plans, and flexible spending accounts. This may involve coordinating with benefits providers, enrolling new employees, and managing changes or updates to employee benefits.
4. Time and Attendance Tracking: Implement and manage systems for tracking employee work hours, including time clocks, electronic timekeeping systems, or manual timesheets. Ensure accuracy in recording hours worked, including overtime hours and paid time off.
5. Compliance and Regulation: Stay up-to-date with changes in labor laws, tax regulations, and payroll-related compliance requirements. Conduct periodic audits to ensure payroll processes are compliant with relevant laws and regulations.

6. Payroll System Implementation: Evaluate, select, and implement payroll software systems to streamline payroll processes and improve efficiency. This may involve data migration, system configuration, and training for payroll administrators.
7. Payroll Cost Analysis: Analyze payroll costs to identify trends, variances, and opportunities for cost savings or optimization. This could involve comparing payroll expenses to budgeted amounts, benchmarking against industry standards, and identifying areas for improvement.
8. Employee Self-Service Portal: Implement self-service portals or systems that allow employees to access their pay stubs, tax forms, and other payroll-related information online. This can reduce administrative burden and improve employee satisfaction.
9. Payroll Audits and Reconciliations: Conduct regular audits and reconciliations of payroll data to ensure accuracy and integrity. This may involve comparing payroll records to financial statements, reconciling payroll-related accounts, and investigating discrepancies or errors.

10. Payroll Training and Support: Provide training and support to payroll administrators, managers, and employees on payroll processes, procedures, and policies. This can help ensure that everyone understands their roles and responsibilities related to payroll.
These projects encompass various aspects of payroll administration and management, aimed at ensuring accurate and compliant processing of employee compensation. The specific projects chosen will depend on the needs and priorities of the organization.

Outsourcing HR and global mobility work can be a strategic decision for many businesses, especially those looking to streamline operations, reduce costs, and access specialized expertise. Here are some outsourcing projects in HR and global mobility:

1. Payroll Outsourcing: Outsource payroll processing to a third-party provider to ensure accurate and timely payment of employee salaries, taxes, and benefits. This can also include outsourcing tax compliance, reporting, and other payroll-related tasks.

2. Recruitment Process Outsourcing (RPO): Partner with an RPO provider to outsource all or part of the recruitment process, including sourcing candidates, screening resumes, conducting interviews, and managing the hiring process. This can help businesses scale their recruiting efforts more efficiently and access specialized talent pools.

3. Global Mobility Services: Outsource global mobility services to assist employees with international assignments, including visa and work permit processing, relocation assistance, tax compliance, and cultural integration support. This can help businesses navigate the complexities of global talent management and ensure a smooth transition for employees relocating abroad.

4. HR Administration Outsourcing: Outsource day-to-day HR administrative tasks, such as employee onboarding, offboarding, benefits administration, and leave management. This can free up internal HR resources to focus on strategic initiatives and higher-value activities.

5. Training and Development Outsourcing: Partner with external training providers to outsource employee training and development programs. This can include leadership development, technical skills training, compliance training, and other learning initiatives tailored to the organization’s needs.

6. Employee Relations Outsourcing: Outsource employee relations services to handle issues such as conflict resolution, disciplinary actions, and grievance procedures. This can provide an objective and impartial approach to managing sensitive employee issues and promoting a positive work environment.

7. HR Technology Outsourcing: Outsource the implementation and management of HR technology solutions, such as human capital management (HCM) systems, applicant tracking systems (ATS), and employee self-service portals. This can ensure access to the latest technology tools and expertise without the need for in-house IT resources.

8. Compensation and Benefits Outsourcing: Partner with external consultants or providers to outsource compensation and benefits benchmarking, design, and administration. This can help businesses develop competitive compensation packages, ensure compliance with regulatory requirements, and manage costs effectively.

9. HR Compliance Outsourcing: Outsource HR compliance activities, such as policy development, regulatory compliance audits, and employment law updates. This can help businesses stay up-to-date with changing legal requirements and mitigate the risk of non-compliance.

10. Employee Engagement and Wellness Outsourcing: Outsource employee engagement and wellness programs to external providers who specialize in promoting employee well-being, morale, and productivity. This can include initiatives such as employee surveys, wellness challenges, and mental health support services

These outsourcing projects can help businesses optimize their HR and global mobility functions by leveraging external expertise, resources, and technology solutions. The specific projects chosen will depend on the organization’s priorities, budget, and strategic objectives.

Why Us?

For Payroll Services
Singh Suri & Company, Chartered Accountants offer comprehensive payroll services to businesses of all sizes, helping them manage their payroll, HR & Global Mobility processes efficiently and comply with applicable laws and regulations.
1. Payroll Processing: We handle end-to-end payroll processing, including calculation of employee salaries, wages, bonuses, and deductions; processing payroll transactions; and generating pay slips. We ensure accuracy and timeliness in payroll processing to meet employee payment deadlines.
2. Statutory Compliance: We assist businesses in complying with various statutory requirements related to payroll, including deductions for income tax, provident fund (PF), employee state insurance (ESI), professional tax (PT), and other statutory deductions. We ensure compliance with labor laws, tax laws, and regulatory requirements governing payroll in India.

3. Tax Deduction and Payment: We calculate and deduct taxes at source (TDS) from employee salaries as per the applicable income tax rates and slabs. We ensure timely deposit of TDS and other payroll taxes with the relevant tax authorities, such as the Income Tax Department and the Employee Provident Fund Organization (EPFO).

4. PF and ESI Compliance: We manage compliance with the Employees’ Provident Fund (EPF) and Employees’ State Insurance (ESI) schemes, including registration of employees, calculation of contributions, preparation and filing of monthly returns, and compliance with EPF and ESI regulations.
5. Professional Tax Compliance: We help businesses comply with professional tax (PT) regulations applicable in certain states in India. We calculate and deduct professional tax from employee salaries, file PT returns, and ensure compliance with PT laws and regulations.
6. Leave Management: We manage employee leave records, including accruals, usage, and balances for various types of leave, such as annual leave, sick leave, and casual leave. We ensure compliance with company policies and applicable labor laws regarding leave entitlements.

7. Payroll Reporting and Analysis: We prepare payroll reports and provide analysis of payroll data to businesses, including cost analysis, budgeting, and forecasting. We help businesses gain insights into their payroll expenses, trends, and patterns to support decision-making and financial planning.

8. Employee Self-Service Portals: We implement employee self-service portals or online platforms where employees can access their pay slips, tax statements, and other payroll-related information. We provide training and support to employees in using self-service portals effectively.

9. Payroll Advisory Services: We offer advisory services on payroll-related matters, including compliance strategies, tax planning, payroll process optimization, and regulatory updates. We provide guidance and recommendations to businesses on improving payroll efficiency and reducing compliance risks.

10. Integration with Accounting Systems: We integrate payroll systems with accounting software and systems to ensure seamless transfer of payroll data for financial reporting and analysis. We ensure accurate recording of payroll expenses in financial statements and compliance with accounting standards.
Our Firm Singh Suri & Company, Chartered Accountants play a crucial role in providing payroll services to businesses, ensuring accurate and compliant payroll processing, and relieving businesses of the administrative burden associated with payroll management. We help businesses focus on their core operations while ensuring that payroll processes are handled efficiently and effectively in accordance with Indian laws and regulations.

For HR & Global Mobility
Singh Suri & Company, Chartered Accountants offer HR and Global Mobility services to assist businesses in managing their human resources effectively and navigating the complexities of global workforce mobility. These services encompass a range of HR functions and global mobility support to help businesses attract, retain, and manage talent across borders.
1. Global Workforce Planning: We assist businesses in developing global workforce strategies and plans aligned with their business objectives. We analyze workforce needs, talent requirements, and skill gaps to develop workforce planning strategies that support business growth and expansion into new markets.
2. International Assignment Planning: We help businesses plan and manage international assignments for employees, including expatriates, inpatriates, and short-term assignees. We assist in assignment policy development, assignment structuring, tax planning, and compliance with immigration and labor laws in host countries.

3. Expatriate Tax Advisory: We provide tax advisory services to expatriates and businesses on tax implications related to international assignments. We assist in tax planning, tax equalization, and tax compliance for expatriates, ensuring compliance with tax laws and maximizing tax benefits for both employers and employees.

4. Global Payroll Services: We offer global payroll services to businesses with employees working in multiple countries. We manage payroll processing, tax withholding, and compliance with payroll laws and regulations in different jurisdictions, ensuring accuracy and timeliness in payroll administration.
5. Employee Benefits Administration: We administer employee benefits programs for global workforces, including health insurance, retirement plans, and other employee benefits. We manage benefits enrollment, eligibility verification, and coordination with benefits providers to ensure compliance with local regulations and market practices.

6. Immigration and Visa Services: We assist businesses and employees with immigration and visa processes for international assignments. We provide guidance on visa requirements, work permits, residency permits, and immigration compliance in host countries, facilitating smooth mobility of employees across borders.
7. Global Mobility Policy Development: We help businesses develop global mobility policies and guidelines to govern international assignments and manage expatriate benefits. We tailor policies to the unique needs of businesses and employees, ensuring alignment with business objectives and compliance with legal and regulatory requirements.
8. Cross-border Employment Compliance: We ensure compliance with employment laws and regulations in multiple jurisdictions where businesses operate or have employees. We provide guidance on employment contracts, termination procedures, employee rights, and employment-related compliance requirements in different countries.

9. HR Technology Solutions: We offer HR technology solutions and platforms to streamline HR processes, automate workflows, and enhance global mobility management. We implement HRIS (Human Resource Information Systems) and mobility management software to improve efficiency and effectiveness in HR and global mobility operations.
10. Training and Development: We provide training and development programs for HR professionals and global mobility teams to enhance their skills and knowledge in managing global workforces. We offer workshops, seminars, and certification programs on topics such as expatriate management, global mobility taxation, and cross-border HR compliance

Singh Suri & Company, Chartered Accountants play a crucial role in providing HR and Global Mobility services to businesses, ensuring effective management of human capital across borders and supporting businesses in achieving their global talent management objectives. We help businesses navigate the complexities of global workforce mobility, comply with regulatory requirements, and maximize the value of their global talent pool.