Why hire MPS payroll outsourcing
MPS MANAGEMENT – PAYROLL DIVISION
Every business has to naturally perform the function of processing salaries – in an accurate and timely manner. However, it is not the simplest task to do. How do you factor in reimbursements, loan advances, leaves and Other such dynamic HR inputs while managing varied salary structures? How do you comply with the statutory and tax regulations (that change from time to time) while managing all of that? The answer to this is an outsourced payroll management model. You should consider outsourcing your payroll management if the time you spend taking care of the above-mentioned tasks appears unreasonable.
MPS specializes in payroll processing services and is a preferred payroll management partner for a substantial number of clients. With hands on experience in MSME payroll processing, we can process a considerable number of payroll records on a monthly basis. Working with a team of seasoned professionals in payroll. we hold ourselves very high onethical and accuracy standards. Complete confidentiality while providing transparent employee communication are the two pillars of our organization.
PAYROLL PROCESSING
We offer end to end payroll services that reduce your payroll overheads while ensuring accurate and consistent payroll & compliance.
STATUTORY COMPLIANCE
Our panel of statutory experts ensure that all your statutory compliances are completed ontime every time. Our team handles all your statutory needs from Annual compliances like Shops & Establishments, Trade license, Form 16s & LWF to monthly, Quarterly & half yearly compliances like PF, ESI, PT & 24Q.
EMPLOYEE SELF-SERVICE
Enhance your employee’s experience by increasing transparency on policies, reducing paper & email based processes and giving them quick access to realtime data including payslips, leave information, statutory information etc. Subscribe to 247HRM – our award winning HRM solution.
EMPLOYEE SUPPORT DESK
HR teams & employees can contact our support desk to handle any payroll queries that they may have via telephone, email & an online ticketing system. Our support desk ensures that all tickets are closed satisfactorily within the stipulated time.
PAYROLL MANAGEMENT
- 1.Salary Structure Creation
- 2.Payroll Processing
- 3.Preparing Form 16 (Including Part A & B)
- 4.Digitally Sign & Email Form 16
- 5.MIS Reports
STATUTORY COMPLIANCE
- 1.Shops & Establishments
- 2.Trade License
- 3.Provident Fund (PF)
- 4.Employee’s State Insurance (ESIC)
- 5.Professional Tax (PT)
- 6.Contact Labour Registration
- 7.Labour Welfare Fund
HUMAN RESOURCES
- 1.Leave Management
- 2.Income Tax Planning & Declarations
- 3.Expense, Loan management
- 4.Employee Profile & Company policy
- 5.MIS & Interactive Charts
- 6.On boarding, Exit, Talent & Performance management
- 7.Attendance Management with Biometric integration
- 8.Assistance with creation of HR policies
- 9.Mobile Apps
MIS
- 1.Paysheet
- 2.Salary Statements
- 3.Statutory Reports
- 4.ETDS – 24Q
- 5.Leave Balances, Accruals, Utilisation
- 6.Liability Reports
- 7.TDS Reports
- 8.Form 16
Frequently Asked Questions for payroll
We are a mid-sized organization. Why do we need payroll outsourcing services?
Even if you are small or mid-sized organization, payroll can be complicated, time -consuming process for small business owners. Payroll Outsourcing can simplify your payroll management so that you can focus on your Core business.
Does outsourcing payroll cost more than handling it in-house?
No. In all probability you will save money and time by outsourcing your payroll process.
Are you providing End to End payroll service? Which services are included?
Yes. Managing payroll is not only about processing salaries, but there is more to it, be it statutory compliances, employee reimbursements, loans and advances, leave & attendance management
Do you offer a guarantee for your outsourced payroll services?
All our contracts come with a no-fault termination clause and clients can terminate the contract, if they are unhappy with the services.
Is our Data secure at Payroll service provider’s end?
Data security is our prime focus.
Can we signup in middle of the Financial Year? How do I move my existing Payroll Info?
Yes, you can sign up in the middle of the financial year. The existing payrolls data will be imported into our software.
Can you process end of year Form 16, 26A and other reports?
This is part of our service and we will process these at the end of every financial year.
How much time does it require to migrate the payroll to MPS MANAGEMENT SERVICES?
We provide our clients with a simple check list and the master is created in 15 business days depending on the nos of employees.
Does MPS MANAGEMENT SERVICES handle payroll in other states?
Yes, we handle payroll across PAN India .
Can you help with payroll related compliance?
Our payroll software generates PF, PT, ESIC and LWF chalans.
Do you generate a bank file that can be uploaded directly in my bank?
Yes, we can generate bank file for any of the authorized banks, in the format that is expected by the bank. We can also upload to your bank portal.
Do you provide an APP to mark attendance for employees on outdoor duty or WFH mode?le
Yes, we do have an APP where employees can mark & regularize their attendance, download salary slip/ Form 16, request for leave and many more features.
Can you arrange to pay our employees on our behalf?
Yes, we can do that for you.
When should you outsource payroll?
Payroll can be outsourced at any time during the year and does not need to be linked to the end of the tax year. MPS MANAGEMENT SERVICES has robust processes that allows seamless transition even during mid-year and ensures that all statutory filings and compliances are adequately covered.