Major Reasons to outsource Payroll Services in Kenya

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Why you should outsource Payroll Services in
Kenya?
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• Running a business means juggling several
  administrative responsibilities. Whatever the
  company business may be, payroll processing is
  the most critical aspect of any organization and
  it has a direct effect towards the business
  growth of. Outsourcing Payroll Services in Kenya
  could make your job easier.

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• Payroll is time-consuming and complicated. If a
  significant amount of your time is devoted to it
  every month, theres a chance that your core
  services are being adversely affected. The
  administrative burden payroll brings can
  effortlessly have a knock-on effect, particularly
  on closely connected departments like human
  resources.

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• It is very important to have professional
  knowledge and skills for the preparation of
  payroll and thats the reason why professional
  Payroll outsourcing companies in Kenya play a
  significant role in the payroll preparation.

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Why should you Outsource Payroll Services in
Kenya?
Outsourcing payroll is just more than a matter of
ensuring workers is paid on time. Payroll is
complicated and time-consuming. If your full
attention is devoted to it, there will be a
chance that the core services are being affected
adversely.
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Ignoring payroll, however, isnt really a good
option. While compliance errors can invite costly
penalties from the tax man, missed payments can
lead to even worse unsatisfied employees
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The administrative burden payroll brings can
easily have an instantaneous effect, especially
in closely related departments like HR. HR staff
will bear the brunt of the staff dissatisfaction,
etc.
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Global payroll service providers represent a way
to acclimatize your business. Essentially,
outsourcing is a happy medium that allows your
company to focus on what it does best with the
peace of mind that the processing of payroll
processing are being handled by specialists.
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Overview of Payroll Outsourcing Services

• Based on the inputs the outsourcing companies
  obtain from you, they maintain monthly payroll
  processing master data.
• Based on the requirements of the employees
  management, they offer you several output
  reports.
• They perform the activities required for
  collection screening of investment proof at the
  end of every year.
• They can interact with the right authorities
  regarding company registration, such as, with
  income tax, provident fund, labor welfare, ESIC
  and professional tax authorities.
• They prepare submit all statutory returns with
  govt. authorities, as and when required.
• They take care of management of investment
  reporting, usage, balances, accrual calculation
  approval of employee leaves.
• They also manage compensation against expenses,
  including vetting of documents, balance
  computation, reporting, approval submission of
  claims.

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Top reasons why businesses should outsource
payroll management in Kenya

• Saves a lot of time
• Focus Better on Core Business
• Get access to Expertise
• Access to the advanced technology
• Reduce Costs and Risks
• Savings on Tax
• Security
• Clear focused mind

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Saves a lot of time
It takes a lot of time in payroll preparation as
there are involvements of several data in it and
it is a time-consuming process. Hence,
outsourcing the same helps the management of the
business to concentrate towards the business
progress rather playing with the numbers.
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Focus Better on Your Core Business

• Payroll is the critical functions that may not
  directly increase sales. When carried out poorly,
  it can put your company business in a hurting
  stage. And most of all, it can sap time and
  attention of the in-bound team away from core
  activities. Thats why professional payroll
  outsourcing companies play a key role in the
  payroll preparation and can push you to
  concentrate on core business functions.

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Get access to Expertise

• Payroll administration encompasses a vast amount
  of regulatory and administrative baggage. By
  outsourcing to Payroll outsourcing firms in
  Kenya, your business can import the necessary
  expertise and experience to navigate the
  compliance labyrinth and avoid expensive
  financial penalties or consequent reputational
  loss.

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Access to the advanced technology

• Another major advantage of payroll outsourcing is
  the up-to-date, modernized and advanced
  technology used by the payroll outsourcing
  companies Kenya. It is very important to have
  updated tools and softwares to get the perfect
  result.

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Reduce Costs and Risks
Outsourcing payroll can also assist with limiting
risks and cutting huge costs. Consulting a
professional firm to manage your payroll can save
you money and reduce the chance of expensive
legal penalties. A good payroll provider in the
country offers proficiencies that go beyond what
you can do on your own. If you havent
considered an outsourced solution before, try out
once. It will deliver peace of mind for you as
the owner, and free up time in your company.
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Savings on Tax

• Inaccurate tax filing can attract huge fines.
  Some reports and studies say that almost 40 of
  business around the globe, sometimes gets
  affected because of incorrect payment and filing
  of tax and thats why payroll outsourcing firms
  are the perfect option for the same.

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Security

• In-house payroll processing can expose the
  organization to a fair amount of threat. There is
  always a risk of identity theft, frauds,
  embezzlement of funds, or tampering with files
  for personal gain. Outsourcing payroll management
  generally means your data is securely stored and
  such threats are avoided.

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Clear focused mind

• Use of outsourced significantly reduces the agony
  and hassle often associated with processing
  payroll. You provide the basic information, and
  the third party provider company takes care of
  the rest. No stress! No headaches A Peace of
  Mind is one of the true benefits of outsourcing
  payroll to a professional company like Acreaty
  Kenya.

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Payroll outsourcing plays the most significant
role for organization and it has a direct effect
towards the growth of the company.
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THANK YOU!!

• Worldwide Offices Business Partners in US
  Africa Asia Middle East
• Acreaty LLC,
• Head Office (USA) Acreaty LLC, 708, 3rd AVENUE,
  6th FLOOR, NEW YORK, NY10017
• M1(321) 417- 6155 T 91 (9990775772) l
  anand_at_acreaty.us, I
• www.acreaty.us www.acreaty.com
  www.acreaty.com.gh www.acreaty.ae
  www.acreaty.ph