Payroll is the function of a business paying its employees. It includes distributing money in the form of checks and direct deposits. It also includes keeping records on those payments and paying taxes on behalf of those employees. Payroll is used at the end of the fiscal year to assess annual employee wages. A business may refer to payroll as shorthand for its total workforce or the cost of that workforce. A business may also say that it’s “doing payroll,” which could mean that it’s processing paychecks or calculating the taxes it owes for those employees. Payroll is typically the single biggest expense for most businesses, and it can be hard to get it right consistently. Payroll mistakes can happen faster than you think. Such irregularities can take a toll on the morale of the employees and ultimately affect the business’s productivity. Anyway, find out the best payroll service providers in Toa Payoh.

Accounting Solutions Singapore

8 Burn Road #04-04 Trivex Building, Singapore 369977

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