Frequently Asked Questions & Answers

Have Questions? We have answers.

Here you will find answers to some of the most common questions we encounter as we provide Financial and Tax solutions.

  1. What is Payroll?Payroll is the financial record of employees’ salaries, wages, bonuses, net pay, and deductions for a given pay period .  Payroll can vary from one pay period to another due to overtime, commissions, changes in tax rates and/or tax bands and other statutory and non-statutory variables.
  2. What is Payroll Outsourcing? Payroll outsourcing is the process of externally sourcing, from a third party, the payroll function of a firm.