Payroll processing stands for the task of maintaining the payment of earnings by a company to its employees. The steps included in payroll processing commonly involve congregation employee time knowledge for a preferred time period, administering benefits & deductions, and disburse employee pay for that time period.
Mostly Business Company's uses a third party payroll to manage payroll and for this payroll software are also there.
MAS also provide services to our clients in generating up payroll, managing payroll statements, on-going weekly/bimonthly/monthly payroll, making transactions to its employees via ACH or direct transfer, circulating pay stubs, payment of withholding and state taxes, filing of federal and state returns.
Payroll taxes necessarily involve two types of taxes.
Taxes that employers are needed to withhold from employees' wages are also known withholding tax, pay-as-you-earn tax (PAYE), or pay-as-you-go tax (PAYG). They also roof leading payment of income tax, social security contributions, and different insurances like unemployment and disability, etc.
Taxes that to be paid from employer's own funds and precisely associated to employing a worker.
They generally cover employer's funding of social preserve system and other insurance programs. We administer services of calculation of payroll taxes, payment of all type of taxes such as federal tax, state tax, unemployment tax, PAYE, PAYG etc. , filing of returns i.e. withholding tax return, unemployment tax return, state tax return etc.
At MAS, we administer number of leave management services, tracking and reporting of leaves, managing employee absences, managing vacation, sick leave and paid time off.
Employees' timesheets are common on an acknowledge density with us and basis which we calculate, track, report, and shorten expenses that arise due to employee absences.
Expense remuneration is a process of paying employees back what they have acquires on trade-related expenses. MAS help its clients by verifying, tracking and paying the bills on employer's side. We also manage depository for bills and receipts that we receive from client.
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