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Business EconomyPosted at: Feb 20 2020 4:16PM


Paysquare now offers 360-degree support for year-end payroll operations

Pune, Feb 20 (UNI) Paysquare has unveiled comprehensive services and support for year-end payroll operations of global enterprises, a statement said here on Thursday.
The year-end payroll services will involve the Paysquare team in document collections against investment proofs, verifications and then calculating and making the tax deductions for employees for the balance months of the year.
The service will also include holistic auditing of employee data including their PAN numbers, names and addresses and other pivotal information associated with their payroll.

The year-end payroll operations involve a hefty allocation of resources and time by enterprises across the globe to avoid stringent penalties from regulatory authorities in case of any discrepancies. Furthermore, the organisations also run at the risk of losing credibility in their respective industry segment in case of any regulatory action.

"The year-end payroll involves balancing books, verification of payments to the right set of people as well as strict evaluation of taxes to be paid to the government. A large number of enterprises lack the bandwidth and expertise to manage this task. Paysquare’s year-end payroll services for businesses include keeping an updated record of yearly transactions, verification of pivotal data as well as precise computing and filing of taxes without missing the deadlines,’’ said Rakesh Jain, CEO, and Founder, Paysquare.


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