A payroll system refers to the activities put in place by an entity in order to ensure accuracy and completeness in payment of salaries and wages to its employees and in good time.
Nahashon & Company administers/implements the payroll of an entity in as far as the following activities are concerned:
- Recording the total amount payable in salaries and wages to employees,
- Calculating the amount deductible from the employees’ pay for tax and other deductions e.g. NSSF, NHIF, among others,
- Preparing and submitting statutory returns (Pay As You Earn) on behalf of the entity.
The above functions are carried out in consultation with the entity’s management and in adherence to its payroll system policies.