Payroll Management

PMH provides end-to-end Payroll management services that are to help businesses efficiently handle the tasks related to employee compensation and payroll processing. These services are designed to streamline payroll processes, ensure compliance with relevant regulations, and reduce the administrative burden on businesses. Here’s an overview of the typical services offered by us:

PMH offers to provide complete or part processes as per the needs of the business structure.

Payroll Processing:

· Calculation of employee wages, salaries, bonuses, and other compensation.

· Deduction and withholding calculations for taxes, benefits, and other deductions.

· Generating and distributing paychecks or electronic payments.

Tax Compliance:

· Accurate calculation and withholding of payroll taxes.

· Timely filing of federal, state, and local payroll tax forms.

· Staying updated on tax law changes and ensuring compliance.

Direct Deposit and Payment Options:

· Facilitating direct deposit of employee salaries into their bank accounts.

· Offering multiple payment options, such as paycards or traditional checks.

Employee Self-Service:

· Providing employees with online access to their pay stubs, tax forms, and other relevant documents.

· Allowing employees to update personal information and access their payroll history.

Compliance Management:

· Ensuring compliance with labor laws and regulations.

· Monitoring changes in employment legislation and adjusting payroll processes accordingly.

Recordkeeping and Reporting:

· Maintaining accurate records of employee earnings, taxes, and deductions.

· Generating standard and custom reports for management and regulatory purposes.

Time and Attendance Integration:

· Integrating with time and attendance systems to automate time tracking and reduce errors.

· Calculating overtime, time-off accruals, and other time-related data.

Benefits Administration:

· Administering employee benefits such as health insurance, retirement plans, and other perks.

· Coordinating with benefit providers and managing enrollments and changes.

HR Integration:

· Integrating with human resources (HR) systems to ensure seamless data flow between payroll and HR functions.

· Updating employee information, job changes, and other relevant details.

Customer Support:

· Providing customer support to address inquiries, resolve issues, and assist with any payroll-related concerns.

By outsourcing payroll management services, businesses can focus on their core activities while ensuring accuracy, efficiency, and compliance in handling employee compensation. This can be particularly beneficial for small and medium-sized enterprises that may not have the resources or expertise to manage payroll processes internally.