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Introduction to Statutory Outsourcing

Statutory compliance refers to the legal and regulatory obligations that businesses must adhere to under various laws and statutes, including tax laws, labor laws, environmental regulations, and more.

Outsourcing these tasks can help companies ensure that they are meeting their legal obligations while focusing on their core business activities.

Here are some key points we consider regarding statutory outsourcing

  • Payroll and Tax Compliance:  Companies may outsource their payroll processing and tax compliance functions to ensure that they are deducting and remitting the correct taxes, including income tax, Social Security, and Medicare taxes, as well as complying with tax reporting requirements.
  • Employee Benefits Administration: Outsourcing employee benefits administration can help companies manage their employee benefit programs effectively, ensuring compliance with laws such as the Employee Retirement Income Security Act (ERISA).
  • Health and Safety Compliance: We outsource health and safety compliance tasks to experts who can ensure that the workplace is in compliance with occupational health and safety regulations, including providing safety training and conducting workplace inspections.
  • Environmental Compliance: We help in environmental consulting and compliance, helping them meet regulatory requirements related to emissions, waste disposal, and more.
  • Legal Compliance: Legal compliance can be a complex area, with various regulations governing contracts, intellectual property, and more. We deliver legal compliance tasks to law firms or legal consultants who specialize in specific areas of law. 
  • Taxation and Reporting: Apart from payroll taxes, businesses may outsource their overall tax planning, preparation, and reporting requirements to ensure compliance with local, state, and federal tax laws.
  • Employee Self-Service: We provider online portals where employees can access their pay stubs, tax documents, and other payroll-related information. This self-service feature can reduce administrative tasks for your HR department.
  • Statutory Reporting: We deliver the preparation and submission of statutory reports required by regulatory authorities, such as financial reports, environmental impact assessments, or safety compliance reports.
  • Labor Law Compliance: We can help companies navigate issues related to employment contracts, employee relations, and compliance with labor regulations.

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