News Genausolutions

Category: Payroll & HR Operations

  • Payroll Compliance Basics for Small Teams

    Payroll Compliance Basics for Small Teams

    Core statutory requirements

    PF, ESI, tax deductions, minimum wage compliance.

    Payslip and record rules

    Payslips must be issued and records retained for audits.

    Using software vs spreadsheets

    Software reduces errors and ensures compliance as teams grow.

  • Employee vs Contractor – How to Classify Workers Correctly

    Employee vs Contractor – How to Classify Workers Correctly

    Legal and financial differences

    Employees require statutory benefits; contractors don’t—but misclassification is risky.

    Risk of misclassification

    Penalties, back taxes, and legal disputes.

    Decision checklist

    • Who controls work hours?
    • Who provides tools?
    • Is the relationship ongoing?