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. |