{"id":5614,"date":"2020-10-03T08:48:56","date_gmt":"2020-10-03T08:48:56","guid":{"rendered":"http:\/\/gonewstech.com\/?p=5614"},"modified":"2020-10-03T08:48:56","modified_gmt":"2020-10-03T08:48:56","slug":"10-reasons-why-your-company-should-have-the-best-payroll-software","status":"publish","type":"post","link":"https:\/\/gonewstech.com\/10-reasons-why-your-company-should-have-the-best-payroll-software\/","title":{"rendered":"10 Reasons why your company should have the best payroll software"},"content":{"rendered":"
Payroll duties at different organisations may include several intricate activities, such as deducting taxes, health insurance premiums, EPFs, gratuity, and calculating the correct amount of tax payable to relevant government authorities. Additional activities may also include, calculating the tax liability of the company as per federal and individual state laws, calculating eligible deductions, medicare, etc.\u00a0<\/span><\/p>\n Missing a deadline while filing taxes or filing incorrect return details may have legal implications for the organisation involved, making the managing of these tasks efficiently, of utmost importance. Besides the above, the HR department has to ensure that the employees are paid their salaries correctly and timely, also managing multiple media claims and other benefit plans. Furthermore, managing leaves, disabilities etc. also fall under the working domain of the payroll team. Lastly, payroll teams also need to maintain and update the various employee records as per current tax laws.<\/span><\/p>\n