Algebraa offers customized payroll services, which have the potential to save your business 30% of costs as compared to an in-house payroll professional. If your payroll accounting is consuming a significant amount of time and energy, let Algebraa take care of it so that you can spend your time on core business activities. As a professional payroll service provider, you can run your business knowing that a trusted advisor is handling the payroll processing. With Algebraa managing your outsourced payroll, you can be assured that you’ll never miss a tax deadline, pay the wrong amount, or make errors on critical WPS forms. All your payroll information will be maintained accurately and securely, and you can access our online payroll services anytime, from any computer.

In a company, 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. Payroll plays a major role in a company for several reasons.

From an accounting perspective, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and they are subject to laws and regulations (e.g. in the US payroll is subject to federal, state and local regulations). From an ethics in business viewpoint payroll is a critical department as employees are responsive to payroll errors and irregularities: good employee morale requires payroll to be paid timely and accurately. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct withholdings and deductions, and to ensure the withholdings and deductions are remitted in a timely manner. This includes salary payments, tax withholdings, and deductions from a pay check

We offer an efficient payroll processing service to our clients, that will help them reduce the complications and time involved, and also maintain utmost secrecy and confidentiality in this sensitive area of accounting.

Our range of services under this area include:

• Accurate paydays
• Guaranteed, accurate MOL and local employee benefit calculations
• Preparation of Salary in WPS format
• Professional payroll processing- pay checks and pay stubs
• Secure, online employee access to payment records
• Payments to independent contractors
• Daily / Weekly/ Bi-weekly/ monthly Wage calculations according to project wise
• Vacation and sick pay tracking
• All major pay types: salary, hourly wages, multiple pay rates, bonuses, cash tips, pay check tips, expense reimbursements, allowances, holidays, etc.
• Voluntary deductions, including premiums for medical, dental and retirement plans, flexible spending accounts, dependent and medical care, cash advances, loan repayments and more
• Structuring of employee salaries and advance , loan deductions
• Preparation of monthly salary slips and payroll
• Remittance of monthly salary through WPS to appropriate authorities
• Preparation and filing of Quarterly E TAX returns if required

Preparation of year-end TAX Certificates