Velan Bookkeeping Services– An Overview 7th successful year in the outsourcing business. Managed by a team of professionals with 100+ years of cumulative.

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Presentation transcript:

Velan Bookkeeping Services– An Overview 7th successful year in the outsourcing business. Managed by a team of professionals with 100+ years of cumulative experience. Impeccable track record of delivering services across the globe. Has state of the art technology for 24x7 operations employees and gearing to become a by the year ISO 9001:2008 certified company. Marching towards ISO certification (ISMS).

Payroll Workflow Client Velan Payroll Process Team Timecard / Time sheet IRS State DD or Paper Checks Payment of Tax & Filing Return

Procedure – Payroll Process Confirmation of payroll period (Weekly/Bi-Weekly/Semi Monthly /Monthly) Payroll working software both online and offline (QB/Peachtree/Intuit online, etc) Update the W4 information for new employees in Software Payroll deduction setup for new employees Review and update the timesheet/timecard Generate the paychecks (DD Checks or Paper checks)

Documents Required for Payroll Process W4 (if they are a new employee) Time sheet/Time card Deductions details (if any) Reimbursement details (if any) Types of Payroll Processing : Weekly Bi-Weekly Semi-Monthly Monthly Software Used : ADP Quick Books Peachtree Paychex

Benefits of Outsourcing Payroll Services Reduced Costs. Do not spend more time. Timely deliver of paychecks. Timely payment of payroll taxes to avoid IRS and State penalties. Preparing quarterly returns (941) and annual returns (940). Preparing State tax returns (UCT-6). Process and filing W2 and W3 thro online for SSA. Be assure that the latest tax tables are being used.

Our Clients -Serving over 100 clients across the globe in our various services -Serving 20% of them for the last 5+ years, 20% for 3+ years, 30% over a year. Client Location CountryPercentage USA56 UK16 Australia9 Canada6 Middle East2.5 Others10.5 Recent Compliments: “ I am happy, its refreshing change from the usual ” – Lyle de Groot, Singapore “ I'm glad I hired you and your team. Good job ” - Sean Saadi “ Velan has been fantastic in their communication methods, are extremely organized, can work independently, and are able to follow through to ensure that the job gets done.” – Chris Majewski

Contact Information Velan Info Services Website : Phone : (516)

THANK YOU