Payroll and Taxation: Understanding the Connection
Employees’ remuneration and taxation are critical areas of any organization’s strategic and working model. Payroll and taxation refer to the process of making payments, computing, or distributing people’s wages or salaries, while taxation represents the system by which the government can be able to extract revenue from the citizens or organizations. Both of them are complex processes that interrelate, creating difficulty for businesses when addressing the legal requirements, standard employee relations, and penalties.
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