Payroll & HR Compliances
- Financial Statement Audit
- Forensic Audit & Fraud Investigation
- Governance, Risk & Compliances
- Accounting Advisory
Payroll compliance is the term used to describe the rules and laws that companies must abide by while processing employee salaries. These rules and laws cover things like tax deductions, minimum wage standards, overtime compensation, and other legal obligations. The legal requirements for recruiting, firing, discrimination, harassment, workplace safety, and other employee-related concerns are all covered by HR compliance, on the other hand.
It’s crucial to be informed of changes to laws and regulations, keep correct and current personnel records, and adhere to established payroll and HR practises in order to ensure compliance with payroll and HR standards.
Several particular payroll and HR compliances include:
- Following minimum wage and overtime regulations.
- Classifying employees correctly as exempt or non-exempt for the purpose of calculating overtime compensation.
- Supplying employees with accurate and timely pay solutions.
- Establishing a work environment free from discrimination and retribution.
- Maintaining records in accordance with the law.
- Observing the correct hiring and firing procedures.
You may also keep educated and make sure that your business is adhering to all relevant rules and regulations by consulting with legal and HR specialists.