Payroll

The biggest assets for any business are their human resources and it is imperative for the proper functioning of your company that your staff is paid accurately and on time. Payroll management demands time and attention, and it is a continuous process. Let the experts at YBO meticulously handle your payroll management needs for reliable and trustworthy service.


How Does It Help You

Payroll management is an integral part of running a business. Regardless of business size, it can be tricky and time consuming. There is a vast amount of data to work with, hours clocked in, overtimes, attendance, leaves - paid or unpaid, amongst other things need to be accounted for. Furthermore, each state has its own laws and regulations that need to be followed apart from any local or federal laws that need to be followed. The fact that the process is an ongoing one and all 365 days have to be accounted for means a lot of time and resource goes in sorting through the entire thing with no scope for delays or room for error. By coming to YBO for your payroll management needs you can be rest assured that a team of professionals who are trained for this sort of work will be handling the process for you. Your payroll management will be more streamlined and efficient than ever before without any stress or hassle for you.

  1. You save the precious time and resources to focus on your core business that would otherwise be occupied in managing the payroll   
  2. You will have a streamlined payroll process
  3. The payroll data will be meticulously combed through so every worker gets their fair pay
  4. You will save yourself mental stress and have one less worry to deal with, enabling you to focus on growing your business
  5. Professionally organized data might help you see the real picture swiftly thus aiding you in making better informed decisions regarding your human resource needs

Services We Offer

At YBO, we are fully equipped to handle all your payroll management needs. Our team of experts will professionally manage your payroll related requirements and give you high quality service that you can rely on. A selected list of payroll related services that we offer:


Payroll Processing

The process that needs to be undertaken to be able to pay your employees at the completion of the payroll period.

  1. We offer one-stop payment processing, including reviewing employee time log, computation of payroll on the basis of leaves, overtime, bonus (if any), etc.
  2. We manage as part of payroll processing all legalities such as, employment tax, state income tax, deductions, etc. ensuring compliance with all applicable laws.
  3. Payroll generation as per your requirement from weekly to annually

Record Keeping

It is essential to keep and maintain accurate records of your payroll for at least the amount of time set as per the law. It might be helpful for your company to keep it even longer though as per your needs.

  1. We keep and maintain the payroll register for every pay period
  2. We are also able to keep as per your requirements a record that has all the main details along with details of all transactions of your employees

Exec Payroll Services

Payroll services designed specifically for your top management (CXOs and high level managers)

  1. We offer payroll management for your entire organization but we are also able to offer a distinct set of premium service for the payroll needs of your top management

Payroll Advisory

Advice to ensure compliance of payroll as per laws

  1. As experienced professionals we are well placed to provide you consultancy on payroll related taxes and laws at local, state and federal level.

Payroll Accounting

Keeping your books up to date with your processed payrolls

  1. We can keep your books in sync with your processed payrolls by recording all processed payroll transactions
  2. We can provide monthly reconciling of payroll liability balance

Payroll Data Maintenance

Keeping and modifying payroll data as per change in laws

  1. Apart from keeping your payroll data we are also able to modify it in case required due to change in laws or introduction of new laws, statutory bonuses or employee compensation upon resignation

Payroll Tax Reporting

Tracking the due dates and ensuring your payroll related federal, state and local taxes are paid on time

  1. Filing of state and federal tax forms such as Form 940, 941, W2 and others on as per the requirement
  2. Payment processing for all payroll related tax liabilities

Payroll Reconciliation

Reconciling the payroll books with payroll tax returns

  1. For every quarter as well as annually, we reconcile the numbers in the payroll book with the payroll tax returns

Industries We Serve

With our 10+ years of industry experience, our experienced team of skilled professionals is well placed to serve your business. We have worked with businesses of all sizes across industries. Our broad experience of helping clients from various industries distinguishes us from other organizations. Selected list of industries we have worked with so far:

  1. Hospitality
  2. Education
  3. NGOs
  4. Manufacturing
  5. Consultancies

Why Choose Us

With a solid 10+ years of industry experience we are well equipped to handle all your payroll management requirements. Furthermore, our team of experts is well qualified to give you reliable and quality output consistently. At YBO, we only work with professional softwares that meet the highest level of international standards and protocols. Our team is well versed with these softwares thus ensuring quality and accuracy of results. Most importantly by letting the professionals at YBO handle your payroll management, you free up valuable time and resources within your organization to focus on your core business. With YBO, we ensure your peace of mind regarding your payroll management needs, so that you can say goodbye to days of payroll management stress.

  1. 10+ Years of Industry Experience
  2. Custom Payroll Solutions as per requirement
  3. Premium Payroll Solutions for Top Management
  4. Payroll Management Compliant with all local, state and federal laws
  5. Professionally Qualified Team of Experts manage you payroll reliably
  6. Usage of professional softwares that meet the international standards
  7. We value client data and confidentiality
  8. High Quality Customer Service
  9. Say goodbye to your payroll woes, focus on your company goals

Faq's

Do SMEs with a limited number of staff need to outsource their payroll?

It is up to you but by outsourcing payroll management, a tedious and complex process, you will end up saving both time and resources that you can use for your company's growth. Furthermore, you reduce the risk of mistakes both on employee level as well compliance level. Either of which can prove to be very costly. It is therefore recommended to let the professionals handle payroll management.

I am considering YBO for my payroll management but unsure if I want to outsource everything.

Get in touch with us for a no obligation call and our team can work with you to come up with a solution just for you. Enabling you to make an informed decision regarding your payroll management outsourcing needs.