How do Payroll Outsourcing Services Simplify Expense Management and Reimbursement?
Reimbursements and expenses are a key concern for all businesses. It directly impacts the payroll and ensures it is done in the perfect way. It is best that businesses utilize payroll outsourcing services to reduce errors, keep an accurate track of expenses, [...]
How is HRMS helping HR management teams in reformulating work culture?
HR and Payroll Management System in India enables end-to-end automation of HR activities. Moreover, HRMS solutions help companies enhance productivity and increase the accuracy and efficiency of human resource activities. HRMS Systems offer many benefits that result in improved performance of various departments. It also streamlines [...]
Choosing Leave Management System: Factors to Consider
Excels sheets, applications, and paper forms are no good for managing employees' leaves. These are traditional tools that do not stand a chance to stay in line with government rules and regulations. Even small businesses these days aren’t limited to a specific [...]
How does an HR Management System (HRMS) Ensure Organizational Data Security?
Business leaders all across the world are becoming increasingly conscious of the hazards that loom over their data. Despite this, several firms have failed to implement the necessary data security procedures to secure their data from attackers. Because the rate of data [...]
How can an effective leave Management System increase employee productivity?
When running a business, it doesn't matter how much your employees enjoy working for you; sooner or later, they will need a vacation to clear their heads and spend quality time with friends and family. It is critical for both the company [...]
Is Tech-Powered Payroll Process Changing HR Management Rules In India?
The payroll process necessitates time and effort, as it entails complicated data processing, calculations, and record keeping. Payroll processing entails calculating gross and net salaries after taxes and other deductions have been taken into account. Expenses, holiday pay, and other dues are [...]
9 Ways Payroll Operations are Being Transformed by Technology
The impact of technology on our personal and professional worlds is enormous. Today, technology benefits every organization. If anything, the year 2021 has demonstrated our reliance on technology to keep society and business running as usual. Most business transactions and employees were moved [...]
8 Benefits of Leave And Attendance Management System
Over the years, the demand for leave and attendance management systems has constantly increased. It is undeniable that employees make the organisation. On that note, how can a company meet the targeted goals and manage on-time delivery of projects if the team lacks [...]
6 Myths About Payroll Processing and Outsourcing Debunked
While running your business, you need to be laser-focused on growth, but crucial tasks such as payroll need to be handled with diligence as it directly impacts your employees' experience. Therefore, businesses have started outsourcing payroll. However, several business owners hold some myths [...]
PIPL: Staying Compliant with China’s New Data Security Law
It’s been a busy couple of years for data protection laws worldwide. The European GDPR came into force for EU and EEA nations in 2018, and a revised UK version then came into play in 2021 following Brexit. In the US, 2020 started [...]
Staying Compliant: A Transformative Year for UK Employment Law and What to Expect In 2022
The past two years have been full of immense upheaval — from the outbreak of a global pandemic to Britain’s exit from the EU. And while every aspect of modern life has shifted over the past 18 months in response, the world of [...]
Overcoming the Obstacles of Global Expansion
After months of lengthy lockdowns around the world, the ‘red list’ is finally starting to dwindle. At long last, we’re beginning to see the world open up again following over 18 months of strict travel restrictions, and people are relishing in jetting off [...]
Could Your Business Introduce a Four-Day Work Week?
There have been a lot of changes to the workplace over the past two years, with the pandemic ramping up remote working at an extraordinary speed. And now that people have become accustomed to working from home (or the office — they decide!), [...]
Payroll and Tax Considerations for Hybrid Working
Gone are the days of spending five days a week in the office. If the past year and a half has taught us anything, it’s that employees across many different industries can work just as effectively from home as they can in the [...]
Noted: Key Considerations for Expanding into Canada
You’d expect a country dubbed the ‘start-up mecca to rival Silicon Valley’ to boast a wealthy, high-tech industrial society. And you’d be right! Home to the growing business hubs of Toronto, Vancouver and Montreal — and Niagara Falls, ice hockey and maple syrup [...]
Globalisation: What Are the Pros and Cons for Expanding Businesses?
In a world of rapidly evolving technology, people have more access to information than ever before — and despite the current restrictions in place (thanks, COVID), they have immense opportunities to travel to all corners of the globe. These days, countries, their people, systems [...]
Employ Everywhere: Our Global EOR Offering
TopSource Worldwide is a leading provider of total employer services for all businesses looking to expand internationally. We’re on hand to provide an array of employer of record (EOR) services — spanning across HR, legal and consultancy — in hundreds of countries around the world. What is an EOR? An EOR is an outsourced company [...]
5 Questions to Ask Before Selecting Your Global PEO
So, you’ve decided to enlist the help of an international PEO (Professional Employer Organisation) to guide you on your global expansion journey. That’s certainly a good start — but that was the easy part. Now, you have to make sure you choose the [...]
Onboarding New Payroll Outsourcing Vendor: Major Precautions and Steps
The past year has set in motion major changes in organisational functioning. Organisations switched from on-site to remote to hybrid workplaces. Inclusion and diversity became pertinent and the overall work culture changed for the better if one must say. Companies now focus more [...]
What Are Different Types Of Payroll Taxes In India: Exploring The Importance
With a population of 139 crores, India is one of the fastest progressing economies. Naturally, in every economy growing at this rate, there are several emerging sectors, technological advancements, and multiple trends. This growth requires companies to expand, hire new employees, and manage [...]
Reasons for Switching Payroll Service Provider
Working with the right payroll service provider is crucial for the performance of all businesses. Besides the wellbeing of the business, good payroll management is also important for the satisfaction of its employees. However, if your provider fails to meet your expectations incessantly, [...]
Top Stories About 5 Major Challenges Faced By HR managers While Using Leave & Attendance Management System
Despite being an important component of payroll, leave and attendance does not get the kind of attention it should receive. If an organization sticks to conventional methods such as excel sheets, emails, timesheets, etc for managing attendance, errors are highly likely. Employee leave [...]
New Wage Code 2021: How Is It Impacting Your Payroll Processing?
As per the announcement made during the 2021 Union Budget, the New wage code 2021 has been proposed to be in effect starting from April. The New wage code is an attempt by the government of India to simplify the various regulations related to wages. [...]
Payroll Services For Streamlining Human Resource Policies & Procedures
Payroll services and human resources (HR) are two distinct functions within a business. While payroll processing is concerned with employee compensation, human resources are primarily concerned with employee relations. However, there are instances where the two roles overlap and are frequently performed by [...]
Payroll Management Systems: Improving the efficiency of your payroll process
Payroll process management is a daunting task because there are several other crucial tasks other than disbursing salaries that are associated with it. A robust payroll management system ensures the smooth running of any business. Every business is different, operates differently and may [...]
Managing Payroll Beyond 250 Employees: What You Need to Know
Small and medium enterprises form a large share of the market. These companies have 300 or fewer employees. While this workforce is not too big, it is large enough to increase payroll calculations and management challenges for your HR team. You start facing [...]
Maintaining Secrecy and Confidentiality of Payroll Data
Payroll and confidentiality of payroll data are inextricably linked. The former entails carrying out the procedures required to pay employees and run the firm legally, while the latter entails safeguarding the financial information utilized in the payroll process. You should take precautions as [...]
January 2022 Tax Returns — Is Your Business Ready?
The start of a new year is always a demanding time for payroll, human resources and accounts departments. And in the UK, January means tax codes, tax bills and tax returns. With all self-assessment tax returns due at the end of January, your [...]
Choosing a Payroll Service Provider: Things to Keep in Mind
Running payroll for your employees is no mean feat, and keeping up with the ever-changing legislation can make an already-critical task even more challenging and complex. This is especially true for smaller businesses, where business owners must wear a dozen hats to keep [...]
UK Payroll: Is the Latest Tax Hike A Blow to Economic Recovery?
As if there weren’t enough challenges for businesses post-pandemic, the UK government recently announced a new health and social care (HSC) levy, which will see a 1.25% increase in employee and employer National Insurance contributions (NICs). This additional tax will be payable on [...]
Paul Stevens Joins TopSource Worldwide as UK Head of Sales
TopSource Worldwide is proud to announce that Paul Stevens is now fully on-boarded and actively operating as the UK Head of Sales to lead its domestic sales department for UK payroll in a period of growth and transformation. Paul is a confident and highly experienced [...]
The UK Payroll Laws You NEED to Know About
Employment laws differ from country to country, and payroll is no different. With all their quirks and nuances, it can be easy to miss things in your global payroll operations when your business spans multiple jurisdictions. For any business looking to expand into [...]
Pioneering UK Payroll: How We Can Help
Businesses of every size can benefit from outsourcing their payroll. When the rules are constantly changing, trying to keep up with them can feel like a full-time job. Did you know that over 1,500 new global payroll regulations have come into play since [...]
UK Statutory Leave, CVJRS and How to Process This Through Payroll
UK statutory holidays Almost all UK workers are legally entitled to a minimum 5.6 weeks’ paid holiday a year (known as statutory leave entitlement or annual leave). This includes: agency workers workers with irregular hours workers on zero-hours contracts Bank holidays can be [...]
What’s the True Cost of Employing Someone Internationally?
When hiring a global workforce, finding the right people for your business is as much about their wants and requirements as it is about yours. The world’s top talent know what they’re worth — and they’re unlikely to settle for anything less. But [...]
New Wage Code 2021: How Is It Impacting Your Payroll Processing?
As per the announcement made during the 2021 Union Budget, the New wage code 2021 has been proposed to be in effect starting from April. The New wage code is an attempt by the government of India to simplify the various regulations related to wages. [...]
TopSource Worldwide chooses Ebury for international payroll payments partner
Ebury will support TopSource Worldwide’s growing client base of over a thousand businesses in making payments to thousands of employees Ebury’s proposition allows high volume time critical payments in over 140 currencies to 200 countries alongside a dedication to customer service Integration of [...]
Noted: Key Considerations for Expanding into Canada
You’d expect a country dubbed the ‘start-up mecca to rival Silicon Valley’ to boast a wealthy, high-tech industrial society. And you’d be right! Home to the growing business hubs of Toronto, Vancouver and Montreal — and Niagara Falls, ice hockey and maple syrup [...]
Payroll Anywhere: Getting to Grips with Global Payroll
Global payroll is an integral part of TopSource Worldwide’s enhanced offering. But what is it, exactly? The management of an organisation’s entire payroll function for all locations via a single system. As a more flexible, hybrid approach to working becomes increasingly popular, employers are no longer confined to hiring locally. But any businesses looking to [...]
January 2022 Tax Returns — Is Your Business Ready?
The start of a new year is always a demanding time for payroll, human resources and accounts departments. And in the UK, January means tax codes, tax bills and tax returns. With all self-assessment tax returns due at the end of January, your [...]
Top Stories About 5 Major Challenges Faced By HR managers While Using Leave & Attendance Management System
Despite being an important component of payroll, leave and attendance does not get the kind of attention it should receive. If an organization sticks to conventional methods such as excel sheets, emails, timesheets, etc for managing attendance, errors are highly likely. Employee leave [...]
Managing Payroll Beyond 250 Employees: What You Need to Know
Small and medium enterprises form a large share of the market. These companies have 300 or fewer employees. While this workforce is not too big, it is large enough to increase payroll calculations and management challenges for your HR team. You start facing [...]
Employee Investment Declaration – What Could Be Solution for Employer
The call from the accounts office or HR seeking details on tax savings committed for the current fiscal year is one that most employees despise. The employee investment declaration determines how much of their taxes will be deducted and when they must submit [...]
5 Things to Expect from Your Payroll Service Provider
Businesses are leveraging the concept of outsourcing as their strategy to operate smoothly and save costs. Payroll is an essential part of any business – big and small and reflects their reputation and financial stability. For businesses to focus on their core activities, [...]
Global Expansion in 2022: Are You Ready to Hit ‘Go’ On Your Plans?
The pressures of the pandemic have thrust global supply chains into the spotlight, highlighting the extent to which businesses rely on them. Under the thumb of COVID-19, almost all aspects of business operations have seen drastic changes, and the pandemic has resulted in [...]
TopSource Worldwide Appoints Jonathan Ridley-Holloway as Head of Mergers & Acquisitions
TopSource Worldwide is happy to announce that Jonathan Ridley-Holloway has joined the group as Head of Mergers and Acquisitions and Corporate Development. Jonathan joins from Advanced Business Solutions (Vista Equity Partners and BC Partners), where he was instrumental in numerous acquisitions during his tenure [...]
Payroll in Finland: Employing in the World’s Happiest Nation
Finland — officially the happiest place on Earth (for three years in a row, don’t you know). Hardly surprising either, given that the Finns enjoy an exceptionally high standard of living, set the bar when it comes to work-life balance and lead the [...]
Payroll in Japan: Employing in One of the World’s Most Successful Nations
Japan is a hub of quality and innovation. The Japanese market’s global outlook and willingness to invest in viable products and services has rendered it the world’s third-largest economy, only falling short of the US and China. The Japanese workforce is synonymous with [...]
