PAYROLL PROCESSING SERVICES
While there are many possible reasons for an employee to feel unsatisfied at work, there is nothing quite as infuriating as messing up their monthly pay.
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What is payroll processing?

Payroll processing is the management of monthly paychecks from an employer to all its employees. It is a series of tasks which make up a complex process as it requires strong attention to detail. Not only does salary need to be paid in a timely and accurate fashion, it also needs to be compliant with the labor law in Malaysia, income tax regulations, government requirements, and other statutory compliance.
While there are many possible reasons for an employee to feel unsatisfied at work, there is nothing quite as infuriating as messing up their monthly pay.
Image
What is payroll processing?

Payroll processing is the management of monthly paychecks from an employer to all its employees. It is a series of tasks which make up a complex process as it requires strong attention to detail. Not only does salary need to be paid in a timely and accurate fashion, it also needs to be compliant with the labor law in Malaysia, income tax regulations, government requirements, and other statutory compliance.
Benefits of Payroll Outsourcing
1. Time savings

Depending on the number of workers they have, employers can spend repetitive hours in a day – or even weeks – manually compiling vast amounts of information in order to calculate money to be paid to each employee. Basic wages, benefit deductions, attendance reports, paid and unpaid leave, overtime, allowances, insurance, EPF, SOCSO, and claims go into the calculation for every paycheck, and that only gives you the gross amount. Now imagine doing that for every employee you have to pay for. For most companies, this is reason enough to consider outsourcing to a service provider to get rid of a repetitive manual process, as it translates directly into major cost savings over a period of time.
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2. Avoid legal mistakes

Non-compliance with the Malaysian employment laws where payroll is concerned will attract serious legal and financial repercussions with the local government. Not only does it anger your people, reporting mistakes and late filing will incur costly penalties, wasting time and precious resources. It is part of the job for a payroll outsource provider to check and monitor changes to income tax, updates to regular terms and conditions, contribution to social security fund, pension funds, etc, and to update our accounting software according to these changes. The risks of legally grave errors can be reduced, if not omitted, by engaging a service provider, as we have strict processes set in place to ensure businesses are legally sound in the financial department.
3. Security

As much as we want to avoid thinking about it, identity theft and embezzlement are real, and the dangers of it happening in your company is present as long as all your important data is managed by your own staff. Even if you enforce limited access to your systems and software, there is still no guarantee that your employees’ sensitive information will not be compromised. Payroll providers invest heavily in state-of-the-art, cloud-based software and high-quality technology so you don’t have to, and you can go about your days knowing your records are secure and protected.
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1. Time savings

Depending on the number of workers they have, employers can spend repetitive hours in a day – or even weeks – manually compiling vast amounts of information in order to calculate money to be paid to each employee. Basic wages, benefit deductions, attendance reports, paid and unpaid leave, overtime, allowances, insurance, EPF, SOCSO, and claims go into the calculation for every paycheck, and that only gives you the gross amount. Now imagine doing that for every employee you have to pay for. For most companies, this is reason enough to consider outsourcing to a service provider to get rid of a repetitive manual process, as it translates directly into major cost savings over a period of time.
Image
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2. Avoid legal mistakes

Non-compliance with the Malaysian employment laws where payroll is concerned will attract serious legal and financial repercussions with the local government. Not only does it anger your people, reporting mistakes and late filing will incur costly penalties, wasting time and precious resources. It is part of the job for a payroll outsource provider to check and monitor changes to income tax, updates to regular terms and conditions, contribution to social security fund, pension funds, etc, and to update our accounting software according to these changes. The risks of legally grave errors can be reduced, if not omitted, by engaging a service provider, as we have strict processes set in place to ensure businesses are legally sound in the financial department.
3. Security

As much as we want to avoid thinking about it, identity theft and embezzlement are real, and the dangers of it happening in your company is present as long as all your important data is managed by your own staff. Even if you enforce limited access to your systems and software, there is still no guarantee that your employees’ sensitive information will not be compromised. Payroll providers invest heavily in state-of-the-art, cloud-based software and high-quality technology so you don’t have to, and you can go about your days knowing your records are secure and protected.
Image
Image
1. Time savings

Depending on the number of workers they have, employers can spend repetitive hours in a day – or even weeks – manually compiling vast amounts of information in order to calculate money to be paid to each employee. Basic wages, benefit deductions, attendance reports, paid and unpaid leave, overtime, allowances, insurance, EPF, SOCSO, and claims go into the calculation for every paycheck, and that only gives you the gross amount. Now imagine doing that for every employee you have to pay for. For most companies, this is reason enough to consider outsourcing to a service provider to get rid of a repetitive manual process, as it translates directly into major cost savings over a period of time.
Image
2. Avoid legal mistakes

Non-compliance with the Malaysian employment laws where payroll is concerned will attract serious legal and financial repercussions with the local government. Not only does it anger your people, reporting mistakes and late filing will incur costly penalties, wasting time and precious resources. It is part of the job for a payroll outsource provider to check and monitor changes to income tax, updates to regular terms and conditions, contribution to social security fund, pension funds, etc, and to update our accounting software according to these changes. The risks of legally grave errors can be reduced, if not omitted, by engaging a service provider, as we have strict processes set in place to ensure businesses are legally sound in the financial department.
Image
3. Security

As much as we want to avoid thinking about it, identity theft and embezzlement are real, and the dangers of it happening in your company is present as long as all your important data is managed by your own staff. Even if you enforce limited access to your systems and software, there is still no guarantee that your employees’ sensitive information will not be compromised. Payroll providers invest heavily in state-of-the-art, cloud-based software and high-quality technology so you don’t have to, and you can go about your days knowing your records are secure and protected.
What’s Included
There are a number of factors that will influence the complexity of payroll processing for each client. With our experience and training, our team can provide complete and customized services according to the needs of each individual client regardless of the size of the organization.

The functions typically outsourced to InTune Outsourcing by our clients include:

  • Payroll processing and salary payment via direct deposit OR issuing checks
  • Calculating local income taxes and making tax payments
  • Payroll statutory preparation, submission and payment
  • Administration of employee benefits
  • Payroll by department report
  • Distribution of payslips
  • Annual employment income summary form
  • Managing compulsory EPF and SOCSO contributions
Looking for a payroll solution and reliable provider in Kuala Lumpur, Malaysia? Call us today to find out how we can help you with the next step for your business.
There are a number of factors that will influence the complexity of payroll processing for each client. With our experience and training, our team can provide complete and customized services according to the needs of each individual client regardless of the size of the organization.

The functions typically outsourced to InTune Outsourcing by our clients include:

 
  • Payroll processing and salary payment via direct deposit OR issuing checks
  • Calculating local income taxes and making tax payments
  • Payroll statutory preparation, submission and payment
  • Administration of employee benefits
  • Payroll by department report
  • Distribution of payslips
  • Annual employment income summary form
  • Managing compulsory EPF and SOCSO contributions
 
Looking for a payroll solution and reliable provider in Kuala Lumpur, Malaysia? Call us today to find out how we can help you with the next step for your business.
Every SME Can Become Large
InTune Outsourcing - Creating Financially Driven Businesses and Entrepreneurs.
Every SME Can Become Large
InTune Outsourcing - Creating Financially Driven Businesses and Entrepreneurs.

About InTune Outsourcing Services

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InTune Outsourcing was founded in 2007 as an outsourcing and business consultancy firm geared to the needs of small and medium sized enterprises.

Find Out More About Us


About InTune Outsourcing Services

Quick Link

Facebook


InTune Outsourcing was founded in 2007 as an outsourcing and business consultancy firm geared to the needs of small and medium sized enterprises.

Find Out More About Us


About InTune Outsourcing Services


InTune Outsourcing was founded in 2007 as an outsourcing and business consultancy firm geared to the needs of small and medium sized enterprises.

Find Out More About Us

Facebook