Payroll Management

  • What is Payroll Management?

    All employers must maintain records of the number of workers they employ, the amount they pay them, deduct taxes on their salaries, pay those taxes to government, keep track of the number of leaves they take in a month, among much else. This is a time-consuming task that requires assistance, particularly when your business is too small to make it viable to do it in-house. Given how crucial it is to maintain these records, payroll is essential from the moment you hire your first employee. Not only is it required from a legal and compliance standpoint, but also from an accounting perspective, as payroll and payroll taxes considerably affect the net income of most companies.

  • Working days


    30 Working Days

    The statement of accounts must be submitted no more than a month before submission of the application. This is a declaration to the RoC that only what is submitted is to be considered and that the company has no other assets or liabilities.

    25 Working Days

    Within a month of the submission of the statement of accounts, the application must be submitted along with the documents mentioned above. Our representatives will guide you through the entire procedure.

    3 Months

    It takes at least two to three months to complete the closure of your company, but it could take much longer, depending on the findings of the liquidator appointed.

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