Bermuda Payroll and Benefits
Abacus provides companies like yours with the opportunity to outsource this important administrative task. By outsourcing the payroll process, you can reduce costs and add a layer of confidentiality not readily available through in-house personnel.
Payroll and Benefits in Bermuda
Payroll information can either be housed within your current accounting system or externally at Abacus. We can provide assistance with the following services:
- Calculation and payment processing of payroll
- Preparation of pay-slips and reports
- Generation of journal summaries, if required
- Calculation of payroll tax
- Reconciliation of payroll liabilities
- Compliance with legislation
Abacus’ payroll services ensure that your payroll needs are met on time, helping you to streamline your payroll process, improve productivity, and simplify administration. We manage the time-consuming task of payroll processing so you can stay focused on your business. Our services are tailored to your specific needs so you can achieve maximum value.
Frequently Asked Questions
How can adding a level of confidentiality to my payroll and benefits process benefit my company?
When adding a layer of confidentiality by outsourcing their payroll tasks, companies can safeguard their confidential data. Employees will also feel better about their payroll information not being known by many within the company.
My business is seasonal. Do you offer payroll and benefits services that don’t run year-round?
Our services are offered to correlate with payroll is needed. We will work with you to create the right package.
What are the benefits to housing my payroll information in my own systems versus letting Abacus house this information externally?
By housing your information internally, authorized persons will always have full access to this information at all times.
I cannot make sense of my payroll taxes. What resources do you have to help?
Our team will ensure you taxes are filed correctly by using our expert knowledge and working with the Office of the Tax Commissioner. We fully utilize all recommended tools, including the OTC issued payroll tax calculators, to determine your taxes.
I want to revamp my benefits options for my employees. Can you consult me on my options and help me offer a better benefits package?
Yes, we can! Our payroll tax experts will offer advice on the best payroll and benefits structures for your employees and the company.
Get in Touch
Are you tired of the task of managing your own payroll and benefits programs? We can help! Contact us today for a free assessment of your payroll and benefit practices and to see if Abacus would be a good fit for you.