Payroll Made Simple with Our Payroll Services
Managing employee payroll can be a complex task that requires accuracy and compliance with laws and regulations. Let our dedicated team of experts handle this administrative burden for you with our comprehensive payroll services.
What is included in our Payroll Services?
Our payroll services include calculating salary, allowances, leaves, loans, bonuses, and deductions for all your employees. This includes processing salaries on a monthly basis, issuing payslips on time as well as year-end settlements. We ensure tax payments such as income tax, and social security contributions are processed and filed accurately before deadlines.
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Monthly Payroll Services
Employment laws and regulations in the UAE are frequently updated, necessitating regular checks to ensure business compliance. To prevent issues arising from legal violations, many companies opt to outsource their payroll functions. We can handle your monthly payroll function that includes calculating net salary, factoring in taxes, and generating bank files for salary payment and issuing payslips to the employees. We offer a variety of reports, including Gross to Net, Payslips, Gratuity and Leave Provisions, Payroll Journal Vouchers, Year-To-Date reports, Loan and Advance reports, Bank File Final Settlement or End of Service Benefits, along with any additional reports as needed. Our industry-leading customized approach guarantees that your company receives optimal support and remains compliant with UAE employment laws and regulations.
Wages Protection System (WPS), GPSSA & DEWS Reporting
The Wages Protection System is an electronic salary disbursement platform that monitors the payment of employees’ salaries in the UAE. It guarantees that employees receive accurate salaries according to their employment contracts and in a timely fashion.
The General Pension and Social Security Authority (GPSSA) is the federal entity in the UAE tasked with administering pension and retirement benefits for UAE and GCC nationals employed in both the public and private sectors. According to the law, companies in the UAE must remit monthly employer contributions alongside contributions from UAE or GCC national employees to the GPSSA.
The DIFC Employee Workplace Savings (DEWS) program is a compulsory savings initiative that began in February 2020, replacing the conventional end-of-service gratuity system in the Dubai International Financial Centre (DIFC). According to the law, employers in the DIFC must make monthly contributions for each of their employees.
As part of the monthly payroll service, we provide support in WPS salary processing, GPSSA and DEWS reporting so that the company is in compliance with the laws and regulations. Non-compliance on WPS, GPSSA and DEWS will result in fines and penalties.
Benefits of using our Payroll Services
We have years of experience in handling payrolls of all sizes, from small startups to large multinational corporations. With our expertise and advanced software systems, you can rest assured of flawless payroll processing every month. All your obligations related to UAE Labor Law such as wage protection, health insurance, and end-of-service benefits are efficiently managed.
Compliance with UAE Labor Law and other rules such as Wages Protection System, GPSSA and DEWS ensures you avoid fines or legal issues
Time savings for your HR and finance team as they no longer need to spend hours processing payroll.
Accuracy in payroll calculations removes risks of errors in payslips or payments.
Centralized payslip management allows employees online access to review past payslips.
Auto-updates for any changes in employee records or emoluments minimizing manual effort.
Detailed payroll reporting which includes including Gross to Net, Payslips, Gratuity and Leave Provisions, Payroll Journal Voucher, Year-To-Date reports, Loan and Advance reports, Bank File Final Settlement or End of Service Benefits and audits whenever required.
Get Tailored Payroll Solutions - Partner with BAM Advisors!
Our payroll reports are highly customizable. Detailed earnings statements, salary registers, and payment advice are some of the standard reports that help you in reconciliations and decision-making. We can even generate custom screenshots as per your unique requirements.
With us as your payroll partner, you have more time to focus on your core business functions while payroll is taken care of professionally.
So if you want hassle-free, cost-effective, and accurate payroll management, contact us today to understand how our services can help optimize your payroll processes!
