The consequences of inaccurate computation of work hours of employees are both internal and external. In fact, it can attract either a huge fine or reputational damage or even both depending on the severity of the legal battle. This explains why companies must continually do more to achieve accuracy in tracking hours worked by every simple worker.
Employee time and attendance monitoring are expedient because it forms the basis upon which payroll is processed. To know how much an employee is to be paid, the number of regular hours worked, double time, and overtime is added together and multiplied with the prevailing hourly rate. The net amount is gotten upon subtraction of taxes and levies. Wage dispute is not an uncommon occurrence and it is even more embarrassing when a big company is involved. In lieu of this, companies call on professional firms to help them keep track of the number of hours every single employee has served the organization over a period of time. The manual method is good but it is not perfect and ideal especially with continuous advancement in technology and ways of doing things. The manual method involves the use of time card and it can be likened to filling forms which nobody likes to do. In addition, there is the risk of calculation errors which is unpalatable.
E-pay payroll can help you handle this task. Amazingly, we do it well and at a reasonable cost. We have experienced staff. In fact, our workers have a cumulative work experience of over forty years.
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If you need advice on strategies to implement for the growth of your business, we are there for you. Furthermore, we have tax experts within our ranks that can help you with your tax computation needs. We can also help you file your tax forms at the office of the IRS and you can also reach out to us for your staff-manning and human resources issues. This goes to show that we are giants in the service industry.
To know more about us, you can visit www.epaypayroll.com, send an email to help@epaypayroll.com or call (866) 340-8132 and we will gladly answer all of your questions.