Year: 2022

Salaries and wages of staff members comprise the company payroll, which is a vital component of the financial statements of a business. However, the company payroll doesn’t appear directly on the balance sheet. In this article, we will take a much closer look at the impact of company payroll on financial statements. Let’s start!   How does payroll in UAE affect financial statements? The payroll of UAE businesses appears on profit and loss statements and it is treated as a …

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Outsourcing payroll functions is the perfect solution for businesses as processing payroll in-house can be daunting – it even increases the likelihood of mistakes and penalties. When selecting between paid payroll services of a payroll processing firm and a free app, there is a need to understand the needs of the business. Which features for payroll processing are necessary? The answer to that is the key to making the right selection. If cost is your primary concern and you think …

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Selecting a reliable payroll service provider for payroll outsourcing in UAE is a very important aspect, regardless of the size of the business. Payroll processing involves the calculation of deductions and salaries of employees, dealing with the labor and employment authorities in the country, and making sure that employees are receiving their salaries on time.  The problem is it can pose issues with a business. With the increased regulations and obligations of companies operating in UAE, payroll can now be …

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