U.S & Indian Payroll Preparation & Management

FinTax Bookkeeping manages the entire payroll function from information sourcing to year-end compliance, we use a streamlined and standardized process. We are highly knowledgeable of rules and provisions applicable to federal and state payroll compliance.

• Employee Onboarding Management
• Periodic and Annual Compliance
• Validation and approvals
• Commission reporting
• Benefits management
• Payroll preparation
• Payroll processing
• Payroll tax filings
• Notice resolution.

USA Payroll Services: –

Payroll services can help you reduce the time spent on administration by developing and implementing a computerized payroll system that will facilitate processing, timely payment, and preparation of tax returns

U.S.A Payroll Compliance Federal and state taxes (Social Security, Medicare, FUTA (Federal Unemployment Tax Act) Documents preparation and verification like I9, W-4, W-9, direct deposit Authorizations, Work Authorization, etc. Taking care of C2C, W-2, 1099, Quarterly, and annual federal tax return 940,941,945 in the payroll as well as supporting to CPA filing of IRS Forms 1120 or 1120S (Corporate Tax return). And appropriate state returns preparation of all federal and state payroll tax returns. resolving federal and state notices.

• Implement a software-based payroll processing system according to client requirements
• Routine Payroll processing – Calculate time, calculate gross pay, calculate withholding
• (Provincial & Federal taxes, state taxes, employee benefits etc.), Issue pay (Hourly, Weekly, Biweekly, Monthly) etc.
• Determine tax withholding and payment.
• Integrate time, paid time off (PTO) – vacation time, sick days, and personal days to employee data to reduce errors.
• Prepare payroll reports, Year end Tax reports, and Periodic and Annual Compliance time & attendance reports.

Indian Payroll Services: –

The word statutory means “word of or related to statues”- set by-laws, rules, and regulations. Compliance means adherence Thus, Statutory Compliance means adhering to rules and regulations. Statutory Compliance in HR refers to the legal framework that an organization should adhere to in dealing with its employees. Payroll & Statutory Compliance handle in India.

• • •  EPF (Employees’ Provident Fund
    •  ESI – Employees’ State Insurance
    •  PT -Professional Tax
    •  Income-Tax – Income tax Computation under section 192B & TDS quarterly filing issuing Form-16’s
    •  NPS – National Pension System
    •  Gratuity

Statutory Registrations:-

• • • • EPF Registration
      • PT Registration
      • ESI Registration
      • Labour Registration certificate & renewals ( Telangana, AP )
      • TAN Registration ( TRACE, TDS Returns )