Malaysia Hotline: +603- 2141 8908
Payroll is the sum of all
financial records of salaries for an employee, wages, bonuses and deductions.
In accounting, payroll refers to the amount paid to employees for services they
provided during a certain period of time. Businesses may decide to outsource
their payroll functions to third party for better management.
Advantages of Outsourcing:
1. Time Savings – Payroll
processing inside your business is a time-consuming process. Outsourcing
payroll allows employers to concentrate on their core business and frees up the
business owner, human resources or accounting personnel to work more on
strategic tasks that could ultimately affect your bottom line.
2. Reduce Costs – The direct
costs of processing payroll can be greatly reduced by working with a payroll
provider. If you outsource payroll, you
don’t have to worry about your payroll processing company calling in sick, resigning,
wanting to take a vacation OR wanting to request a possible maternity leave
that you have to pay for.
3. Avoid Mistakes / Penalty – A
good payroll-services provider is far less likely to make a serious error than
your in-house staff. Many outsourced payroll providers calculate payroll taxes,
manage filings and payments and will assume the cost of penalties due to
incorrect calculations or late payments as long as you provide the necessary
information and funds on time.
4. Team of Experts – By outsourcing
payroll, a small business can take advantage of the experts. The most valuable
payroll companies have a team of experts who handle many areas of Human
Resources and Payroll.
5. Reliable & Enhanced
Security – Payroll processing is a complex and potentially risky business
operation. Even with long time trusted employees, there is always a risk of
identity theft, embezzlement of funds, or tampering with company files for
personal gain. By outsource to the reliable payroll provider, business owner
don't have to worry on this.
6. Peace of Mind – With the help
of a professional payroll service provider, the hassle and pain often
associated with processing payroll is gone. You provide the basic information,
and your payroll company takes care of the rest. You can eliminate the worry
that many experience when it comes to paying employees and taxes correctly and
on time
For a foreign investors stepping
into a new market (China, Hong Kong and Malaysia), they may require a reliable
agent to deal with the human resource management because it takes much time and
energy. Tannet Malaysia can assist corporate with combining human resources and
development strategy, to effectively enhance enterprises' results and benefits,
and help enterprises to design flexible and encouraging remuneration packages,
to increase employee's working capacity and sense of belonging.
Contact us
If you have further queries,
please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP :
http://www.tannet-group.net,
http://en.tannet.com.my