News & Views
A Comprehensive Guide to Payroll Compliance in India
Every company in India is expected to pay tax and follow compliance guidelines regardless of its size. Therefore, a large sum of money is invested in statutory compliance activity, including audits, compliance policies and governance structure. To help you tackle this, we have ...
HR Management System: The Answer to Complex Recruitment Issues in India
The most valuable resource for any business organization is its employees, as they play a vital role in accomplishing business goals. It makes sense then for companies to use a HR management system to recruit and retain the most talented people. Today, recruitment ...
Health and social care levy: how will it affect my organisation?
July sees the introduction of the first stage of a new health and social care levy, an additional tax designed to support the NHS and additional associated services and allow them to increase spending. The levy will affect both individuals and organisations that ...
Why Attendance and Leave Management is Essential for a Small Business in India
Attendance and leave management processes are essential for all businesses, big or small, as they ensure that employees are paid correctly and on time. Manual processes mean that Tracking working hours is crucial as it is required not just for salaries but also ...
What is Global Expansion?
Have you heard the phrase ‘global expansion’, or has someone asked you to identify opportunities? Our helpful guide will explain exactly what is meant by global expansion, and leave you with a few tips and actions to implement your global expansion strategy. Defining ...
Staying on the Right Side of Payroll Compliance
Sachin Disa is a qualified Chartered Accountant with 20+ years of experience. He heads the India business unit for TopSource Worldwide. Staying up-to date with the ever-changing legal and statutory requirements related to labour and tax laws can be quite challenging. Depending ...
What is Global Payroll?
The meaning of Global Payroll ‘Payroll’ refers to the process of a company paying its employees. So, it stands to reason that ‘global payroll’ is the same process but on an international scale. But there’s more to an organisation’s payroll than handling employees’ ...
Employing in Ireland: A Booming Tech Hotspot
Immediately evoking images of shamrocks, Guinness and a pot of gold at the end of the rainbow, Ireland is known for its warmth and hospitality, thanks to its notably friendly and welcoming population. However, its stable economy, robust infrastructure and plethora of tax ...
Top 3 Locations for Employing in Europe
Europe has become a hotspot for global expansion. Affluent economies, stable legal systems, varied cultures and a wealth of business opportunities mean it’s little wonder that many companies look to Europe when embarking on their expansion journey. Of course, ‘Europe’ isn’t a destination ...
Spring Statement 2022: What Does it Mean For Businesses?
Last month saw the Chancellor run through the Spring Statement 2022. But what does it all mean for UK businesses? Although this year’s Spring Statement will have more of an impact on individuals than organisations, there are still several changes that employers will ...
The benefits and challenges of working with an EOR (Employer of Record)
If you’re eyeing up global expansion, or need to start operating in another country, then an Employer of Record (EOR) is a great option. Rather than setting up your own entity in the target market, and having to deal with the associated bureaucracy ...
Working in the US as a Canadian: everything you need to know
For Canadians who work abroad, it’s highly likely the US will be their new home from home. There’s no need to fly, the language and culture won’t be too unfamiliar, and plenty of Canadian companies operate in the US, and vice versa. Despite ...
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 ...
Navigating Employment Laws Post-Brexit
Brexit is officially done and dusted. Well, the trade deal agreement is at least… The signing of the Trade and Cooperation Agreement (TCA) on Christmas Eve means businesses in the UK and Europe finally know what they’re working with (sort of), and many ...
The Right Direction: Developing Your Global Expansion Strategy
New markets and access to fresh talent. The chance to diversify product ranges and introduce additional revenue streams. Global expansion is essential for business growth and can open up a world of opportunities. But it can also be chaotic and highly stressful — ...
The 5 Best Countries to Expand into in 2020
If you think your business could benefit from global expansion, then you’d be right! After earning a sizeable share of their domestic market, many companies reach a point when going global is the only logical next step. From exploring new markets and gaining ...
Why Attendance and Leave Management is Essential for a Small Business in India
Attendance and leave management processes are essential for all businesses, big or small, as they ensure that employees are paid correctly and on time. Manual processes mean that Tracking working hours is crucial as it is required not just for salaries but also ...
How Do Payroll Service Providers Ensure Payroll Compliance for Their Clients In India?
The ever-changing legal and statutory compliance landscape makes it challenging for companies to stay up-to-date with various labour and tax laws. Plus, every industry in India has its own set of rules and regulations, and non-compliance can lead to heavy penalties and legal ...
Everything You Need to Know About Employing In India
We live in an increasingly globalised world where few things manage to stay confined to one location. Digitisation and the transition to an online way of working have allowed us to become hyper-connected, and we have greater access to different cultures than ever ...
ULIP Tax Exemptions in India: What Do They Mean for You?
Living, working and employing in India comes with various benefits for employers and employees alike. For example, one of India’s most popular investment schemes is the Unit Linked Insurance Plan, or ‘ULIP’. ULIPs are long-term financial plans that serve two financial goals: they ...
How do payroll outsourcing services assist you in concentrating on your core business?
Payroll processing is a vital business function for any organisation; still, it is a non-core activity. Handling payroll process in-house requires the HR team to manage vendors, onboarding, timely payroll processing, benefits administration, leave and attendance management, and many other administrative tasks. The task ...
Are Payroll Outsourcing Services Part of Modern Employee Pay Management?
Employee or payroll management system can be described as administering financial records of an organization's employees’ wages/salaries, deductions, bonuses, and net pay. Salary is the most significant retention tool (for some employees, it is the only reason why they are working). It attracts employees and ...
6 ways to improve the Company Leave Management System
Taking annual leave is not a bad thing. It improves physical health and mental well-being and helps boost work-life balance. After all, we are not machines and we need to take breaks to bounce back. A good work-life balance has many positive effects, ...
Third party payroll services for efficient payroll management of business
A Payroll outsourced service can manage the employee's salary, social benefits, taxes in a foreign or domestic location. All of this can be done at ease with help from a payroll outsourcing service provider. Payroll outsourcing is a simple term that means assigning ...
Is having an online HR management system safer and more efficient than manual processes?
Many companies big or small nowadays are shifting to an HR management system instead of relying on a manual process. Employee performance reviews, work schedules, paid days off, benefits, and payroll management systems are all tracked by HRMS systems, which is a computer-based ...
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 ...
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 ...
Canada’s COVID Response Laws: Are They Here To Stay?
Canada is a hub of progression and innovation and is heralded globally as the ‘start-up mecca to rival Silicon Valley’. Its low corporate tax, strong economy and highly educated workforce mean that employing in Canada is incredibly attractive for many businesses. However, as ...
Introducing Our New Chief Operations Officer: Bryan Davies
In December 2021, TopSouce Worldwide was fortunate enough to be joined by a new Chief Operations Officer, Bryan Davies. Bryan will be responsible for leading our operations and client relationship teams to provide a high-quality, responsive and compliant service to our global customers. ...
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 India 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 ...
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