Low Cost Payroll Services For Small Business

Payroll services are documents that are issued every month as long as the employee or employee continues to work, showing in detail the payments made by employers or organizations that employ workers, such as payroll, payroll, insurance, tax and other deductions. In other words, it is a document that includes other allowances such as road, meal and overtime paid to the worker, stamp and income tax deducted from the worker’s salary, insurance premium and all other deductions, if any.

The benefit of outsource payroll is to get rid of the cost of necessary things such as hiring and hiring workers, illness of the worker, getting payroll, installing a system. Outsource payroll is generally called the purchase of services from other companies due to the fact that professional companies cannot do their jobs professionally. The process is followed by experts in the field and the documents are protected. Other services covered by outsource payroll are;

• Indication of the entry and exit of workers and personnel

• Preparation of payrolls of monthly paid wages

• Full documentation of monthly leave, additional allowance, overtime and deductions

• Preparation and follow-up of personnel files

• Compensation calculations of dismissed or dismissed personnel

• Follow-up of incentives and discounts

What are the Documents Required in the Payroll?

According to the labor law numbered 4857, the documents that must be included in the salary and payroll are as follows;

· Name and surname of the personnel

The day and period of the payment

Additions or deductions to the main wage for working days, holidays, holidays, etc.

Deductions such as advance, premium, tax, insurance

· Employer’s signature

According to Social Insurance and General Health Insurance laws, the documents that must be included in the payroll are as follows;

· Business registration number

The month in which the payroll was obtained, the number of days paid and the salary of the worker

· Name, surname, registration and social security number of the insured personnel

· Signature of the relevant worker proving that his wage has been provided.

Things to consider when calculating payrolls are as follows:

· Meals, tolls and advances

Minimum wage and minimum living allowance

· Family and child benefit amount

Social security premium floor and ceiling amount

Private health insurance premiums

· Individual retirement contribution

· SGK base and SGK worker and employer premium

· Net fee

Overtime, public holiday working days and annual leave

Why Do Companies Use Outsource Payroll Service?

There are many reasons why companies obtain payroll services from other companies, namely external sources. These reasons can be listed as follows;

Reducing and controlling operating costs,

To focus on improving the company or to change its focus,

· Access to world standards,

Ensuring that internal resources are used for other purposes,

Simplifying or increasing efficiency of time-consuming functions,

· Maximizing the use of outsourcing,

Sharing the risks related to legal responsibilities with partner companies

However, these reasons are not sufficient to implement a successful outsourcing plan. Companies must ensure that they consider each component and successfully meet their outsourcing needs.