Payroll Processing
Your Trusted Source For Payroll Outsourcing Services In Malaysia
Today, employees have a sense of security and confidence that they can rely on the companies they work for with a payroll system with zero delays or errors. Are you looking to outsource your payroll services? Increase your efficiency and accuracy with Servnetic Accounting & Tax Consultancy.
We provide flexible management and are an outsourced payroll provider in Malaysia that is able to adapt to any business size and industry, increase the growth of your business and address all your compliance needs so that your most significant assets, your employees, are well taken care of.
Your employees will be paid accurately and on time while we adhere to all the laws and regulations in Malaysia that govern how employees are paid. As your payroll outsourcing partner, you can rest assured that you have a team of payroll experts with years of experience to help you in payroll processing, preparing payslips and submissions for EPF, SOCSO, LHDN, EIS, HRDF and more.
Salary Listing & Payslips
Monthly report that shows total salary & total statutory payment that paid to employee
Submission of EPF, SOCSO & EIS
Calculation & Submission of PCB & HRDF
Monthly calculation and submission of employee personal tax and HRDF levy
FAQ
Why outsource your payroll operations
1. Improved focus and increased efficiency on core business activities
You can finally free up your time to focus on growing your business strengths and allowing your employees to concentrate on their main tasks, future strategy and daily operations. Our specialised payroll services help you achieve a more productive, efficient service with greater quality to ease your mind.
2. Save costs
You can cut down the cost of hiring a full-time payroll team or purchasing payroll software that you are not familiar with. These costs that you saved can be better used for investments in other aspects of your business.
3. Guarantees compliance
Outsourcing your payroll system helps increase your business’ flexibility and agility to adapt to the ever-changing market conditions and challenges.
No matter your business size or industry, you no longer have to stress about keeping up with the latest rules and regulations on Malaysia EPF, EIS, and SOCSO.
Why outsource your payroll to us?
Small business owners like you are the focus of Servnetic Accounting & Tax Consultancy, which offers competent and trustworthy payroll services to handle and manage your payroll procedures – so that you can ease your mind.
Here are some reasons why our esteemed clients choose us for their payroll outsourcing needs:
- We are always up to date and adhere to the latest rules and regulations for KWSP, LHDN, EPF, EIS & SOCSO and Bank GIRO in Malaysia for salary disbursement
- The highest level of security is used to secure data stored with us, including privacy and security
- Trusted and simplified payroll services with 10+ years of experience
- We prepare the annual income tax return of the employee and a thorough payroll report for management approval
- Retains new hires on the payroll, administers EPF and SOCSO contributions, and saves time
- We help manage employees’ data related to a new hire, resignation and termination processing
- No hidden charges with our services
Why should I choose a monthly accountant vs. an annual accountant?
Compared to only an annual subscription, monthly accounting services offer significantly greater value. If your accountant simply looks at your financial records once a year, it will be too late to assist you make that year more profitable and too late to reduce your tax obligation for the previous year.
5 ways monthly accounting pays for itself:-
· It saves you time
· You get regular business profitability advice
· You are at ease knowing that your finances are being properly managed
· Your tax liability is reduced
· You can take more proactive steps with your money
What distinguishes you from other periodic accounting services?
Our customer service sets our firm apart. We prefer to get in touch with our clients as we are interested in you and your company’s success. To help you optimise your income, our seasoned team of accountants also offers proactive business guidance and tax preparation. To find out more, contact us!
Why can’t I do the bookkeeping myself?
Outsourcing bookkeeping to a company offering expert services may be more cost- and time-effective.
Why is Accounting important for a business?
To discover, quantify, and transmit economic information, accounting’s primary goal is to record financial transactions in the books of accounts. Additionally, IRB mandates that you maintain basic records of your finances that show revenue and outlays.
Is it necessary for me to file income tax even when my income is below the threshold or the firm is not profitable?
In spite of your company’s lack of profit, you must nevertheless file tax returns. If you require loan approval to pay for your home, this is crucial. As a financial proof to process your loan application, you will need to present your tax acknowledgment receipt.
I made a mistake on my tax return. What should I do?
First, don’t panic. Depending on the nature of the error, you may need to take some action. The IRB will probably get in touch with you to ask for precise details if there is something you neglected to mention. If you calculate incorrectly, the IRB will find numerous minor math problems as it examines the result. You probably won’t need to fix minor mistakes. Get in touch with us to find out more if you have any more queries or worries regarding a mistake on your tax return or if you require assistance filing an updated tax return.
If the IRB audits me, are you able to represent me?
Many clients become anxious when they receive the IRB audit notice. There is always a possibility that IRB will audit your business or you personally. Servnetic Enterprise, however, can deal with IRB directly on your behalf thanks to its extensive tax understanding. You may relax knowing that we will handle all of your IRB audit requirements thanks to this.
Can you help my business find tax deductions?
Yes, we can. We can help you identify which expenses are deductible by doing a thorough analysis of your business and costs.
What benefits may you get from using a service provider to handle your payroll?
Outsourcing payroll saves your time and money. After accounting for all the variables, it is less expensive to have a third party handle your payroll. You also get the peace of mind of having a payroll professional making sure that you comply.
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We get your paperwork in order and simplify your business payroll operations.
Talk to our payroll experts to learn more about payroll outsourcing today!