Your current internet connection is probably enough to set up KPO Payroll Outsourcing, save a bundle, and get-and stay-on the cutting edge of what businesses will be doing tomorrow. Handling your own payroll or outsourcing locally is an expensive solution in this day and age. Offshore Knowledge Process Outsourcing payroll is an option you should consider-even if you have only a few employees.
The annual cost of regulation, paperwork, and tax compliance for companies with fewer than 500 employees is around $5000 per year per employee and the figure rises as the number of employees decreases.
Further, a relatively large amount of a small- to medium-sized company's time and resources are spent on payroll administration, time that could be spent on the company's core business process.
Payroll tax offshore outsourcing has dramatically changed the way you should view your payroll obligations. A computer and an internet connection are what you need to realize serious savings in your payroll administrative costs. But more importantly, we innovate and expand the process as needed to meet new challenges and problems.
That's KPO and it's more than an Internet buzzword.
As the cost of local tax services and payroll administration increases, more and more accountants and companies are turning to back office payroll tax outsourcing to help minimize operating costs and maximize efficiency and profits.
To address this concern, in addition to our payroll services, iCatchIT also offers a comprehensive line of services for personal and employee taxes that may be applicable to you and your staff.
Developed specifically for small businesses, the iCatchIT payroll service streamlines the payroll process, improves productivity and management reporting and simplifies administration year-round
| Standard Deductions | Retirement Plan Deductions | Miscellaneous Deductions |
|---|---|---|
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| Real Time | Quarterly | Annual | |
|---|---|---|---|
| Federal | Payroll Calculation | Employer's Quarterly Tax Returns |
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| State |
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Quarterly Wage and Withholding Reports | Annual Reconciliation Statement Preparation |
Direct Deposit - iCatchIT deposits your employees' pay directly into their checking or savings accounts. Your employee's pay is electronically transferred into their select bank accounts. Employees then spend less time cashing or depositing checks during the workday. Funds then are automatically available on payday. The risk of lost or stolen checks is eliminated.
Total Pay - iCatchIT debits the total cost of your payroll from your bank account, issues paychecks and direct deposits from an iCatchIT account, and handles all payroll reconciliation.
