Brooks - A Payroll Specialist, Since 1999

The day income-tax authorities searched the homes and official chamber of Tamil Nadu chief secretary Rama Mohan Rao, the CBI arrested a contractor-sand miner who has been at the centre of the I-T crackdown so far. Sekhar Reddy, 49, has seen 14 of his premises raided since December 8. I-T officials claimed they have seized Rs 132 crore in currency notes including Rs 34 crore in Rs 2,000s, as well as 177 kg gold including 80 kg seized from a suite in a Chennai five-star hotel. “They had booked two such rooms for a long period. The bills, mostly in tranches of Rs 10 lakh, were paid by a firm owned by Reddy,” said an I-T officer. It was to probe the sources of the currency that the CBI had stepped in, arresting Reddy and two of his associates Wednesday.  Reddy’s high connections were in public focus even before the raids began, with vernacular media widely reporting his alleged wealth havens and transactions. Around the time the late J Jayalalithaa was released from B

Liberalization of Foreign Direct Investment - Other Financial Services Department of Industrial Policy & Promotion in order to provide easy finance to the Indian Industries has liberalized the Foreign Direct Investment ('FDI') limits in Non-Banking Financial Company. Para 5.2.26 of the Consolidated FDI Policy has been replaced with the following para subject to specified conditions chartered accountants firms in mumbai : Before Circular: Foreign investment in NBFC is allowed under the automatic route in only the following activities:       i.        Merchant Banking      ii.        Under Writing      iii.       Portfolio Management Services     iv.        Investment Advisory Services      v.        Financial Consultancy     vi.        Stock Broking    vii.        Asset Management    viii.       Venture Capital     ix.        Custodian

When it comes to managing the most important assets of your business—your people, nothing compares to the convenience of a   payroll services company   (HRMS software). From recruitment and on-boarding to compensation and training, the   best HRMS software  can provide a central location where all employees and vendors data is stored and carefully monitored. Payroll management services   enables the organization to see at a glance how well personnel are being managed, with metrics to evaluate the return on investment. There are many choices of   HRMSSoftware   in the market, due to sudden increased innovation and competition in this space. Each HRMS solutions  comes with its own unique set of features and benefits that can enhance a human capital strategy. Yet, it’s these same choices that can overwhelm an HR practitioner who is searching for the   best HRMS software   for specific business needs. Read more information visit at:  http://bit.ly/2gjbCPA

HR Management is a very important aspect of business development and organisational growth. For any business to be successful, it is very important that the most important stakeholders of the business i.e. the employees, are engaged and happy. They should be capable of aligning their goals and values with that of the company. Things were easier when a company had only a handful of employees and the business development was limited to conducting existing business, with no scope for expansion and globalisation. The recent MNC culture and globalisation of companies has brought about a lot of changes in the diversity in staff and has resulted in an increased amount of expectations from the employees. With more and more gen X and Y candidates joining the workforce, the demand for employee engagement and a well structured outsourcing payroll processing  has increased considerably, so much so that when a company fails in its employee engagement strategies, it poses a risk of

here could be sops, after the pain. Sensing the growing frustration among the middle classes and the poor in India over dry   and long queues at banks after demonetisation of big notes, the Bharatiya Janata Party (BJP) is learnt to be sending out feelers to finance minister Arun Jaitley   to relax the income-tax   slabs, even if marginally, in the Union Budget. "This would help consolidate the   BJP   position among the salaried class," a source said. The budget announcements will come right before five states, with population of around 250 million, go to polls. The budget is slated to be early this time, perhaps on February 1. Get more information visit at: https://goo.gl/wzqCiI

Centre’s decision to withdraw Rs 500 and Rs 1,000 notes may have taken many by surprise but back in March, 2016, State Bank of India’s research report ‘SBI Ecowatch ’ had a clear pointer to the possibility of ‘demonetisation’ being on the anvil. The report, authored by SBI’s chief economic adviser Soumya Kanti Ghosh and his team, had cited an ‘unusual rise’ in currency with public, estimated to have risen 25 per cent year-on-year in April-January of 2015-16 fiscal. “Currency with public grew by 25 per cent during the period April-January FY16 as against corresponding period last year. Earlier to that, currency with public grew by 57.2 per cent during the same period in FY11. Even the YoY growth in currency with public increased by 12.3 per cent as of Jan 2016. This recent growth in currency with public is quite puzzling as none of the indicators validates this growth as nominal growth has collapsed,” the report stated. Get more information visit at: https://goo.gl/5ZcRUd  

Prime Minister Narendra Modi chaired a meeting of senior ministers past midnight on Monday to review the demonetisation process and its impact so far. The meeting, held at the prime minister's residence, saw Cabinet Ministers Rajnath Singh, Arun Jaitley, Venkaiah Naidu, Piyush Goyal and other top officials of the Finance Ministry in attendance. Get more information visit at:  goo.gl/I4MRr5 Speaking to news agency ANI, Economic Affairs Secretary (EAS) Shaktikanta Das said that PM Modi took stock of the availability of cash. RBI assured him that there was enough cash available for circulation in the system, Das said. The EAS spelled out a list of steps that will be come into effect from Monday, including granting exemption to "certain category of transactions" where  old series of Rs 500 and Rs 1000 notes can be accepted in foreign investment approvals.

Sleuths of  Customs Air Intelligence  wing on Monday seized 1,096 grams of gold worth Rs 33.56 lakhs at  Mangaluru International Airport . The gold was being smuggled from Dubai. In this connection, the customs official have arrested a passenger who landed in Mangaluru by  Air India flight IX814 . The accused was later presented before N  Sunil Kumar Singh , principal civil judge (senior division) and chief judicial magistrate, Mangaluru, who remanded him to judicial custody. In a release, M Subramanyam, commissioner of customs, said the gold was being smuggled in the form of objects of various shapes and sizes, all painted with silver colour. These objects included chain and bracelets beads, buckles of chappals, key chain rings, woolen jacket buttons and others. Subramanyam said it is an usual approach by smugglers to devise a new mode of concealment as officers detect older means of smuggling with ease.

There were serpentine queues at fuel stations in Chennai as they continued to accept Rs 1,000 and Rs 500 currency  notes which are no more legal tenders. However, most petrol stations wanted the customers either to give change or fill fuel for the full amount given - mostly Rs 500. "I wanted petrol only for Rs 200, but the petrol bunk attendant did not have change. He insisted me to fill petrol for Rs 500 which I gave or wait till he got change. Being a school working day I had to rush with my fuel tank brimming," said S Ananya, a homemaker at Abhiramapuram. Similar was the scene at other fuel stations. Business at small vegetable outlets in Mylapore and Raja Annamalaipuram were less than normal. Most customers purchased vegetables only for less than Rs 100 as vendors refused to accept Rs 1,000 and Rs 500 notes. Roadside eateries in various parts of the city were doing more or less normal business. Original article:  http://bit.ly/2fYSoy8  

Is not it more expensive to pay someone else to do my payroll tasks. It is certainly not more expensive to hire out your payroll processing in India when an entrepreneur asks. Should I outsource payroll. It often requires a close long took at many different aspects in order to determine the best practice of how payroll is processed. If outsourcing your company’s payroll is something is that you have been considering. You’ll also have to look at just whom you should be outsourcing the payroll work. Payroll has long been one of the most outsourced functions in the business world. Now that small and medium sized enterprises have increasingly wrested the market share, payroll companies have had adopt their services to meet the needs of these smaller clients in Payroll outsourcing in India

It grew by offering free accounting and automated, cloud-based HR programs for small business (and made its money selling health insurance). But after three years of boom times, the company’s revenue growth slowed. So now it’s expanding its services and the company’s attempt to save itself may also save entrepreneurs a big hassle.  Aims to handle payroll for employees of any size. It automates state tax filings in all 50 states and deductions for health and retirement benefits and adjusts paychecks based on vacation days and sick leave taken. It handles prorated checks for new hires as well as COBRA premiums and final payouts for exiting employees. Payroll service in Delhi There are so many irritating things about payroll paperwork, admin, compliance and I’m convinced we can make wide swaths of that go away by having a single, integrated system of records that connects to everyone. They have not quite figured out the legal and licensing regulations for selling benefit

According to a report published in Harvard Business Review, out of 20,000 hires during a three year research period, 46 percent had failed in the first 18 months and only 19 percent achieved success. The primary reason given for failure was “poor interpersonal skills” which 82 percent of managers admitted to having overlooked in the recruitment process. If people are hired and subsequently fail down the track, then the first thing to review is the recruitment process. How you interview candidates   and their referees  is crucial to ensuring you get the “right people on the bus” as Jim Collins put it in his article “Good to Great”. Global research continually confirms that the most effective approach when employing someone is to conduct a behavioural interview with all candidates. Yet, more than half of the managers we surveyed were not able to describe what a behavioural interview is, let alone conduct one. So what is a behavioural interview? Put simply, it is a style of inte

Every company either small, big or a startup needs to enforce  human resource  laws and policies to secure their employees. So, does this mean the organization should have an HR department implemented inside the entity? For fast growing businesses the major problem for them might be managing the needs of their workforce in time.  A popular trend in many of the business organizations today is outsourcing of the HR department for managing hiring and recruitment process.   According to Jan Kruchoski, principal-in-charge, CliftonLarsonAllen Search LLC in an article by Dan Emerson on finance-commerce.com stated that it entirely depends on an organization when they want to hire an HR leader. Jan also said that a highly focused professional service firm may want to make that calculation earlier than a small manufacturing business with shift workers, who may not want a full-time HR specialist. A Minneapolis based HR consultant, Arlene Vernon highlighted the need for companies that often hi

  In the snazzy world of startups that offers better challenges, bigger growth opportunities and now, even a payment package to match the fat pockets of the big companies, traditional organisations are finding it hard to hold on to their talent.  What's worse the size of a traditional company often makes it difficult for the HR managers to keep a tab on the individualistic requirements, thus making it hard to plug disenchantment and .... It is in this environment that technology has come  to the aid of the organisations like HCL to not just retain the talent the companies worked hard to groom, but to also help employees reinvent themselves. HCL TechnologiesBSE -0.51 %, Global Head of People Practices, R Anand speaks to Economic Times.com about the changing times. ET: Have the challenges that a HR manager faces, changed over the years? What are some of key imperatives that an HR professional like you and HCL as a company need to stay ahead?  R Anand (RA):  Technolog

The future of job interviews is here and it looks influenced by on-demand ride service Uber.  The model, created by startup Monjin Interviews, is built around a video database and a platform where candidates meet interviewers purely basis their skills.  This is how it works: A candidate joins Monjin. Intelligent scheduling allows the candidate to get scheduled with the right interviewer on the network on basis of their skills. The interview happens virtually, and is video-recorded, indexed, tagged and rated. The video is streamed across devices and is immediately available for subscribing employers. Employers can rate the candidate and interviewer just like on Uber, or Airbnb where users can rate a property.  An employer looking to hire can see for himself how a candidate performed during the interview. The company gets its revenue from employers subscribing to the service. Monjin is founded by Abhijit Kashyape, former lead-talent at Accenture, and entrepreneur Ashutosh Kulk

Janaki Shantharam, founder of tech-enabled placement services firm Dexter Talent Labs in Bengaluru, is happy that Karnataka, under its startup policy, reimburses service tax paid by emerging companies.  She paid service tax last year but has been trying to figure how to get it reimbursed from the government. Many startup entrepreneurs like Shantharam are looking for clarifications to policy-related questions or assistance to overcome implementation hurdles, which a new state initiative should help resolve.  Karnataka's new information technology minister, Priyank Kharge, is giving the finishing touches to a programme that promises to address various problems that startups encounter, including ones such as the one before Shantharam.  Kharge is expected to announce the finer details of the programme in a couple of days. Startup entrepreneurs face a host of problems and the state government intends to address these through its proposed Startup Booster Kits, Kharge, told ET

There are a lot of challenges of hiring a quality talent. Hiring best candidates are one of the major problems often faced by organizations. It is seriously a challenge for recruiters who work day in and day out to filter out the quality candidates from a number of applicants. Recruiters would need to place advertisements, sort out resumes, interview process and finally the hiring process. We have a list of obstacles often faced by recruiters while hiring a candidate. In order to increase the probability of campaign success, you should apply right strategies at the right time otherwise you may end up attracting wrong candidates and that is totally waste of time. Ensure your hiring strategies encompass quality candidate data and appropriate recruitment avenues to reach and connect with the right talent. Use a  recruitment solution  that is tailored to your needs and can be scaled up or down based on the candidates you need when you need them. Use an integrated process for recr