Payroll Audit Services,Payroll Administration Services,Payroll Audit Services India,Payroll Administration Services India

Our Services
Coupled with years of experience and extensive knowledge, we have been providing innovative and accurate business solution to our clients. We offer payroll audit services, payroll administration services and other following services:

Our Process
The Esource Global Process is as follows:

We start our process with a free consultation conference call to understand the issue of our clients.
Further, we try to gain access to the depth of the problem.
With our understanding we start our sub-process of analyzing the situation and then we place our recommendation with transparent service costs.
Assist the client in the decision making process by giving law extracts and research documents that would address All concerns and help the client in a making an informed decision.
Have a formal agreement sign up with the client with guaranteed Service level's and TAT's. (Turn around times) of the solution offered.
Have the process / event set up within the guidelines of the agreed solution and give detailed status reports to the clients on a regular basis.
Maintain the highest degree of professionalism and ethics in all our work.
A strong and continuous commitment to research and training in all areas of practice and give clients reports relevant to their country of practice or interest
Build long-lasting relationship with our clients through personalized, consistent and quality services.
Ensuring strict confidentiality of all client information and data at all times

PayRoll Management
In today's world, Employee management goes hand in hand with payroll processing.It is a vital component ofan organizations requirements relating to accounting and management of employees' Payroll. A Payroll system is expected to inculcate high flexibility in defining various aspects of payroll management.

Efficient Payroll Management generally includes activities in two major areas,

Payroll Accounting Services
Payroll Accounting Services consists of:

Calculating the earnings of employees and the related withholding for taxes and other deductions.
Recording the results of payroll activities.
Preparing required tax returns.

Payroll Adminstration Services
Payroll Administration Services, deals with the managerial aspects of maintaining a payroll. Payroll administration includes:

Managing employee personnel and payroll information
Compliance with state and local employment laws

Esource global supports a simple and complete integrated payroll solution which caters to all the payroll related activities, in short it's an end to end complete payroll solution.

Our services are designed with the consideration of evaluating the entire process of payroll management, We believe in covering all the aspects of payroll processing starting right from the beginning till the extreme end.

Payroll Management Services
Our payroll Management Services comprises of these components:-

Payroll Processing deducting TDS, PF, Leaves etc.
Management of Employee investments & Income Tax Filings.
Filing employee Income tax returns.
Leave Managements.
PDF reports for Monthly/Annual intervals.
Yearly Payroll summary.
Maintenance of data of different salary structures.
Generating Monthly/Half Yearly/Yearly statutory reports for(Social contribution) PF and (Accidental Insurance & related benefits)ESI departments. namely,
Generating Salary slips and Salary statements.
Changeable Salary heads and Salary structures.
Facility to download the reports to PF department.
Master database of all the employees at one place.

With all these activities, Esource Global creates a huge difference in the working methodology of an organization helping organizations to concentrate on their core businesses - which results in higher profits.

Accounting Services, Audit Services & Taxation Services
With complete understanding of financial services, Esource global has developed outstanding operational techniques in these areas
Our approach places clients business at the first place and from there we implement our working methodology which could be most appropriate for our clients. We focus on working with our clients with such involvement that we build up virtual but seemingly visible partnership with our clients business.

Our global network helps us display accurate and reliable solutions. We evaluate our complete knowledge in order to asses a situation and thereafter we recommend a properly mended solution to our clients. Thus the solution put forward is most appropriate and most works out with no risk of failiure.

Accounting & Audit and Business Process Outsourcing Services (BPO)
We have the necessary resources with the requisite experience to provide cost-effective and qualitative Business Process Outsourcing Services. Our range of services in this area includes:

Accounting and preparation of financial statements.
Accounts Receivables/Payable Function.
Payroll processing and related TDS formalities.
Compilation and maintenance of Fixed Asset records.
Transaction processing for FIIs, SPV's and liaison offices in India of foreign enterprises.
Maintenance and reconciliation of investment records.

Audit Services and Assurance Services
We provide Audit services across various industries

Audits of foreign branch offices,corporates, partnership firms, charitable trusts, etc under Indian Laws;
- Companies Act, 1956
- Income Tax Act, 1961
- Bombay Public Trusts Act
- Sales Tax/VAT Laws
- Banking Regulation Act
- Insurance Act
Conversion of financial statements from Indian GAAP to US GAAP or to IFRS.
Special Investigation and Fraud Audits and.
Attestation work required under various statutes.

Direct Taxes Advisory
As Indian taxation is prone to many changes, so decision making should be perfectly updated with new amendments. After conducting in-depth analysis of the changes we send reports which communicate the changes lucidly and in simple English language for each comprehension :

Recommending tax strategies which would minimize tax incidence through a detailed evaluation of:
- Double Tax Avoidance Agreements entered into by India with various countries
- Tax incentives and tax holidays and
- Tax incidence in other countries.
Tax planning for Non-Resident Indians (NRI's), overseas entities desirous of setting up a business in India and Indian entities desirous of setting up an overseas business/base / Branch office.
Tax representation before the Indian tax authorities at all levels (up to the Income Tax Appellate Tribunal.
Transfer Pricing studies & its findings.
Analyzing and advising on the impact of the recently introduced Fringe Benefit Tax and advising organizations in designing a tax-efficient salary structure of employees.
Advising on the applicability of withholding taxes and
Preparation and filing of tax returns (income tax, withholding tax returns) in India and various other procedural compliances such as preparing and filing applications for a Permanent Account Number, Tax Deduction Account Number, certificate for non-deduction of taxes at source.

Indirect Taxes Advisory

Advising on structuring of transactions, which would help minimize the incidence of State Value Added Taxes, Sales Tax Laws and Service Tax within the framework of the applicable laws.
Tax Representation before the Indian tax authorities.
Advising on issues relating to VAT, sales tax, lease tax, works contract tax, claim of Cenvat Credit etc.
Preparing and filing of tax returns under VAT, Central Sales Tax, Service Tax and advising on the quantum of tax payments and.
Audit and assurance services required under Sales Tax Laws.

Financial Advisory Services
The financial advisory services of Esource Global provides valuable insights into structuring and strategy options with a view to enhancing shareholder value.

Advising on technical and financial collaborations, joint ventures, setting up new ventures (which could either be in the form of subsidiaries/branch offices/liaison offices for multinational companies) and obtaining the approval of the Foreign Investment Promotion Board and other government agencies.
Advising on mergers, amalgamations, de-mergers/spin-offs, diversifications, slump sale right from the stage of conceptualization of the scheme, co-ordinating with lawyers, valuation of companies etc till the stage of obtaining the final High Court approval to the scheme.
Preparation of project reports and assisting clients in procuring funds from banks & financial institutions.
Advising on appropriate mix of debt and equity financing and internal financial restructuring.
Advising on issues under Securities & Exchange Board of India (SEBI) Regulations, such as Takeover Code, Foreign Institutional Investors (FII) Regulations, Regulations applicable to Stock Brokers etc.
Advising on conceptualization, drafting and implementation of employee stock option schemes.
Advising various foreign financial funds and entities and strategizing their investments and disinvestments/exit options.
Advising and undertaking business and company valuations including due diligence thereof and
Feasibility studies, process reviews and system studies.

Exchange Control Advisory
With the easing of Foreign Exchange control's and the burgeoning Indian economy. There are huge opportunities for Indian companies to tap the global market place for funds/ taking over foreign companies, forming Joint Ventures JV's or for opening foreign branch offices.

Our services offered in this area are as below:

Advising in designing a structure for inbound and outbound investments.
Advising on setting up joint ventures/subsidiaries with non-resident participation and obtaining approvals from the Foreign Exchange Promotion Board/Reserve Bank of India, as the case may be.
Advising on External Commercial Borrowings (ECBs) and obtaining the necessary approvals.
Advising on transfer of shares from residents to non-residents and vice versa and
Advising on setting up of liaison offices and branches in India and across our global network.