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Payroll & Accounting off-shoring services

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Salient Business Solutions Ltd focuses on end-to-end off shoring of payroll, accounting, tax administration and reporting services to our clients

Salient provides user friendly, dependable and cost effective payroll process Outsourcing solutions to its clients. SALIENT offers the twin option to its clients to either continue to use their own software interface or operate from SALIENT’s software platform. This option enables the client to retain existing records and data, on company specific software. Flexibility is the key, whether the requirement is a simple payroll service or a total outsourced solution. The services are individually tailored as per client requirements.

Currently, Salient is engaged in the payroll processing activities for approximately 20,000 employees. Salient has the capability and the domain knowledge expertise to cater to its clients in India & abroad.

Our Expertise and capabilities lie in the following:

Functions Indian Clients US Clients
Payroll Delivery/Direct Deposit
  Payroll Checks
  Direct Deposits to Employees to
Bank accounts
  Pay slip generation
  Employee Earnings Statements
  Payroll Journal
  Departmental Cost Summary
  Payroll Tax Summary
  Payroll Checks
  Direct Deposits to Employees to
Bank accounts
  Pay slip generation
  Employee Earnings Statements
  Payroll Journal
  Departmental Cost Summary
  Payroll Tax Summary
New hire processing
  Employee Master Maintenance
  Salary Structure Maintenance
  Investment Declaration
  PF Registration
  Employee Master Maintenance
  Salary Structure Maintenance
  Investment Declaration (W-4)
  Employee Eligibility Verification
(like I-9)
  Insurance
Terminations processing
  No Due Clearance Verification
  Filing all Payroll related taxes
  Full and Final Settlement
  No Due Clearance Verification
  Filing all Payroll related taxes
  Full and Final Settlement
Loan management
  Loan processing
  Maintenance of balances
  Computation of interest
  EMI tracking
  Loan processing
  Maintenance of balances
  Computation of interest
  EMI tracking
Deductions
  LIC Premium
  Bank Loan Repayments
  Advance Repayments
  Other standard monthly repayments
  Health/Dental Insurance Premium
  Wage Garnishments
  Levies
  Child Support Payments
  Other standard instructions
Retirement, Health and Tax
administration and filing

 
  Monthly deductions
and filing
  Statutory audit
  Provident Fund
  ESI
  TDS
  Labour Welfare Fund
  Professional Tax
  Superannuation/ Gratuity Funds
  401K retirement plan
  Federal Withholding Taxes
  Social Security (FICA)
  State and Federal Unemployment
(SUTA & FUTA)
  State Taxes if applicable
  Local Taxes if applicable
  Worker’s Compensation Premium
Quarterly/half-yearly statement preparation and filing
  Form 24 Q (TDS)
  Form 10A,3A,6A (PF)
  941 Federal Tax Return
  State Unemployment Tax Return
  940 Federal Unemployment Deposit
  Local Tax Returns (as required)
Annual statement preparation and filing
  Form 16 for all Employees
  Form 24 Q (TDS)
  Form 10A,3A,6A (PF)
  W-2's for all Employees
  W-3's Federal Withholding Recap
  940 Federal Unemployment Tax Return
  State/Local Withholding Recap
  Federal 1099 Forms
Query management
  Queries related to Salary, Leave, Deductions, Tax withholds
  Queries answered through E-mail, Phone and Web- access
  Queries related to Salary, Leave, Deductions, Tax withholds
  Queries answered through E-mail, Phone and Web- access

Top Reasons to Outsource Payroll Projects to Salient Team
  Minimize your risk
Leverage your time
High Value
Avoid Penalties
Eliminate Software Hassles
Tap the Experts
Reliability

Salient provides accurate, on-time payroll administration services, each time, every time. We process the payroll system & upload the details of our client’s employee data and their individual packages, salaries and pay rates. We are propitiously poised to handle an unlimited number of pay frequencies on a bi-weekly, monthly and an unlimited number of pay groups whether salaried or hourly paid, all within the same database.

SALIENT has the bandwidth to accept inputs from a client's time and attendance system. On the deduction side of the "gross-to-net" calculation. In addition to the regulatory items mandated by the local and federal governments, Salient is capacitated to handle an unlimited number of user-defined formulae and rules, such as those relating to loans and union dues. From here we calculate employees' net pay, and present you with a series of reports including variance analysis to approve the payroll. Once approved, Salient provides files for depositing with the bank and either prints hard-copy pay slips or provides e-pay slips. We balance and reconcile the results and handle the submissions to the local authorities.

Employee Expenses
Besides processing payroll activities, Salient can handle employee’s expense claims. Employees can submit work-related expenses, such as mobile phone bills, transportation charges, and entertainment costs for reimbursement processing. They can view and track the status of their claims followed by an approval workflow process for managers, which is then routed to payroll for reimbursements. Adherence to the payroll disbursement system ensures the minimization of petty cash and banking activities, often with real time cost savings. Since, we set up the client’s claim policies, rules and individual employee's eligibility in the system, valuable client time is saved, as opposed to an otherwise time-consuming & cumbersome activity.

Enquiries
Salient can answer your employees' questions about payroll during normal business hours. Alternately, employees can access information online or direct queries to our help team via email. Salient also handles queries from external agencies such as income tax bureaus and local statutory boards.

Please contact us to learn how we can help you manage your payroll better.

 

© Copyright 2012, Salient Business Solutions Limited
also visit www.pyramidhs.com | www.avanthatechnologies.com | www.avanthagroup.com
 
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