Understanding Your Payroll Cycle
Leave The Back-Office To Us
Aegis Business Solutions is the leading provider of outsourced payroll services in Trinidad and Tobago and the Caribbean.
We offer a complete payroll service for both local and international clients.
Our expertise extends across industries such as:
- Marketing and Advertising
- Shipping and Transport
- Banking and Insurance
- Public Sector
- Hospitality Services
Aegis’ international clientele spans the United States, Europe, Australia, Spain, the Netherlands, and Latin America.
Our local and regional clients include small and medium-sized businesses, as well as corporate and Governmental accounts.
Rest assured that when you outsource your payroll responsibilities to Aegis you will always remain compliant with local legislation.
We also guarantee the highest levels of confidentiality and security.
Our technology and integrated systems will manage your human resources and payroll processes over any pay-run structure, but most commonly weekly, bi-monthly and monthly.
Aegis’ payroll services include:
- Preparation of payroll reports
- Customised reports specific to your payroll/business requirements
- Direct deposits to employees’ accounts in local and multiple currencies where applicable
- Remittance of third-party assignments
- Calculation of appropriate and accurate NIS, PAYE, Health Surcharge deductions and managing the remittance process to the relevant statutory boards
- Preparation and submission of annual TD4s and TD4 summary sheets to the Board of Inland Revenue (BIR)
Payroll Tax & Statutory Compliance
- Expatriate and Local payroll taxes
- Preparation and submission of Tax Returns to the BIR
- Applications for Certificate of Payment
- Applications for TD1 approval
- Applications for employees’ National Insurance (NIS) and Board of Inland Revenue (BIR) numbers
- Compliance with all statutory bodies
- Liaising with the relevant authorities in the event of any queries
- Co-ordination and assistance with payroll audits conducted by the respective statutory boards i.e. The National Insurance Board (NIB) and the Board of Inland Revenue (BIR)
Payroll Audit Services
- Review of Internal Payroll Process
- Verification of payroll data
- Payroll Recommendations
- Implementation of payroll recommendations
Payroll Software Implementation Consultation
Advantages of outsourcing your payroll to Aegis are:
You focus on your core
- Payroll can be time-consuming and repetitive
- Focus instead on building your business
One less overhead
- Save on the software and manpower required in-house
- Utilise that capital elsewhere
- You’ll always be on the right side of current laws and regulations
- You’ll never be caught out by legislative changes
Accuracy, flexibility, convenience
- Aegis implements strict quality assurance procedures
- Access to ancillary services, such as insurance, retirement plans, and direct deposits
Confidential and 100% secure
- Reduces the risk of your payroll information being exposed to unauthorised personnel
- Stored securely and backed-up daily
Helpful Industry Links:
Chartered Institute of Payroll Professionals (CIPP)