For the majority of businesses, with rare exception, the monthly payroll is by far and wide their largest expense. This can especially difficult to keep up with if you are a small or medium business who is trying to manage your expenses in order to sustain your growing business. Many employers also do not know how to calculate their payroll accurately in order to ensure that they have a realistic figure of how much their staffs are actually costing them. When it comes to payroll, employers often fall into the trap of underestimating the real cost of salaries or forgetting about the many hidden costs involved, such as UIF, Health and safety aspects, Workman’s compensation, training, all types of leave, not to mention the cost of the basics, such as desks, telephones, uniforms, equipment, office supplies, tea / coffee… the list is on-going.
Pay Solutions – Payrolls for Africa
Understanding payroll and the needs of your business in terms of regulations from SARS, Department of Labour etc, is something that takes expertise and a guarantee that everything will be executed accurately and correctly first time, every time.
When it comes to running a successful business, there is no getting away from the fact that your business requires a payroll company which is trustworthy and reputable. As you grow your business or even as your current large business grows, it is imperative that you have a payroll system and company that you can rely on.