Brooks - A Payroll Specialist, Since 1999

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🌍📢 World Population Day! 📢🌍 Sustainable growth for a sustainable future. Small Family Happy Family. #WorldPopulationDay #populationcontrol #SustainableFuture #responsibility #ActNow #payrollservices #brooksconsulting

🚨 Beware of Payroll Fraud! 🚫💰 Running a business requires effort on all fronts. You must ensure that output is always at optimum level so that workers are satisfied and feels motivated with the company culture. Another critical aspect is safeguarding a company payroll system against payroll frauds. Stealing within a company can take place in many ways, such as stealing raw materials, infrastructure vandalism and machinery. However, payroll fraud is the toughest to detect because it’s often secretly invisible. According to Forbes reports, Payroll frauds happens in 27% of all businesses and occurs nearly twice as often (14.2%) in companies with less than 100 employees. We created this Blog on payroll fraud to help you understand how it affects the SME or Large business and what payroll fraud prevention methods can be implemented. What is payroll fraud? Payroll fraud happens when an individual illegally does time theft when they add working hours that they do not work or changes the

How to Structure Salaries that Reduce your Liability as an Employer

Although salaries are part and parcel of any business, often employers aren’t aware of the technicalities involved. While it may not seem important to some, structuring salaries correctly, reduces your liability as an employer as well as an employee. Although salaries are part and parcel of any business, often employers aren’t aware of the technicalities involved. While it may not seem important to some, structuring salaries correctly, reduces your liability as an employer as well as an employee. For instance, allotting a large portion of the salary to the “Basic” component means your liability towards provident fund or ESIC contributions are also going to be higher. For startups, getting this right in the early stages could save you the trouble later. Objectives of the perfect salary structure While creating the ideal salary structures, there are three things you should keep in mind It should be tax efficient: This means that it should give employees the opportunity to save as much

Payroll is more than just cutting paychecks

Payroll outsourcing has been highly productive for companies and has been functioning since 1997. In the past five years this industry has recorded a CAGR of 15 per cent. In short, it is a win-win situation. Payroll outsourcing service For any business, managing payroll is indeed a dreadful task as it consumes a lot of man hours and is not also income generating. Employees are the backbone of every business. And businesses need to pay their staff. Payroll can also be your company’s biggest headache if it isn’t done correctly. Payroll processing is more than entering hours and printing paychecks. Simple mistakes can cost penalties and interest. In addition to keeping up with dynamic business scenario and government regulations, payroll processing proves to be time-consuming and costly tasks for most businesses. Whoever is doing your payroll whether a service provider or a member of your team must understand the relevant tax laws and regulations, all of which vary considerab

Corporate Tax Filing & Returns

More than only standard accounting and tax filling services, Brooks Consulting helps in corporate tax filings and annual returns for the companies. We work closely with all our clients as we firmly believe that clear understanding of their business goal is crucial to impart the best online payroll services. Brooks Consulting, our eminent tax planning professionals work with auditors, economists, actuaries and other specialists to offer tax solutions to companies like yours. But, wherever you do your business, we can help you enhance your cash flows; augment your gross tax margins, boost net profits, manage debt, and curtail tax rates. Whether you are looking for better tax management across a wide range of territories or with multiple entities in one territory, we have a team of skilled tax teams who can easily coordinate with your multi-country compliance requirements, help you with your tax accounting and reporting obligations. We also offer you tax compliance, ta

Payroll Management Services

More than only standard accounting and tax filling services, Brooks Consulting helps in corporate tax filings and annual returns for the companies. We work closely with all our clients as we firmly believe that clear understanding of their business goal is crucial to impart the best payroll management services . Which system and procedures should be used to effectively deal with your company’s tax commitments? Where do you start? Tax management is daunting and risky undertaking at the best of times but these days businesses also need to combat with economic uncertainty and ever-changing regulatory oversight. Making sure that you have the right workforce in place and are employing the latest technologies to effectively manage your tax obligations, is not an easy task, especially if tax management is not the core job of your company. What’s more, tax deduction is different to different companies, depending on their divergent responsibilities within a company but one t