Category: Payroll

Impact of Mismanaged Finances: The consequences for SMEs

Source: SimplySolved Accounting & Tax Solutions Good financial management is the foundation to reach profitability in any business. But as a start-up or small business, your first thought inevitably goes towards fast market launch and growing sales. This emphasis can lead to major issues later if you under-invest in...
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Tips for startup leaders – paying yourself

Starting your own business and watching your dream come true is exciting, but how do you decide your own salary? Startup leaders are often tempted to invest as much as they can back into the business. While this can be a tricky situation to deal with, most successful entrepreneurs...
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Salary formulation and the right way to do it

Determining what and how to pay your employees can be overwhelming. Here are some things to keep in mind before you draw out the compensation structure. Salary formulation for your employees can be a challenging task when you are setting up your own business. The goal with setting the...
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All about the Salary Information File

If you are wondering how to process payroll in the UAE, you must have come across the term ‘Salary information file (SIF)’ time and again. Here is a quick guide about SIF. Payroll is probably one of the most essential functions of an organization. After all, employees should be...
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Calculate settlements with Bayzat’s free gratuity calculator

Calculating the end of service compensation for an employee accurately is fundamental. When an employee resigns or is terminated, the legal formalities need to be carried out properly. An employee who has completed one year or more of continuous service is legally entitled to severance pay at the end...
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