Tag: Payroll

What is Payroll? A 2021 Guide to Processing Payroll

Businesses of all sizes will have to deal with paying salaries to their employees. In 2021, many companies opt to use payroll processing software to do the job. But what are those and how can they benefit your business? Here is a quick look at payroll software, its functionalities...
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How to open a bank account for your business

Starting and running a business involves a lot of groundwork. Fortunately, opening a corporate bank account for your business in the UAE is easy and convenient. A company in the UAE (offshore or mainland) is required to open a corporate bank account to undertake business. The UAE has a...
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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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