In today’s fast-paced Nigerian business environment, effective payroll management is critical for compliance, employee satisfaction, and operational efficiency. At Faturoti Taiwo and Co., we provide comprehensive payroll solutions tailored to businesses across Nigeria, ensuring accuracy, compliance, and peace of mind.
The Importance of Professional Payroll Management
Regulatory Compliance – Stay updated with FIRS, LIRS, PenCom, and NSITF requirements Error Reduction – Eliminate costly mistakes in salary calculations Time Efficiency – Free up your HR team for strategic initiatives Employee Satisfaction – Ensure timely and accurate salary payments
“Since partnering with Faturoti Taiwo and Co., we’ve reduced payroll processing time by 60% while achieving 100% compliance.”
— Financial Services Company, Lagos
Common Payroll Challenges Nigerian Businesses Face
Complex Tax Calculations – Navigating PAYE, pension, and other statutory deductions Changing Regulations – Keeping up with frequent tax law updates Manual Processes – Spreadsheet errors and security risks Multi-location Operations – Managing payroll across different states
Our Comprehensive Payroll Solutions
1. End-to-End Payroll Processing
- Automated salary calculations with deductions (PAYE, pension, NHF)
- Payslip generation and distribution
- Bank integration for seamless salary payments
2. Statutory Compliance Management
- Monthly PAYE remittance to state tax authorities
- Pension contributions (PenCom) processing
- NSITF and ITF compliance
- Annual tax returns and reporting
3. Customized Solutions for All Business Sizes
- Startups: Basic payroll setup and processing
- SMEs: Leave management and benefits administration
- Large Enterprises: Multi-branch payroll consolidation
4. Advanced Payroll Technology
- Cloud-based payroll software accessible 24/7
- Employee self-service portals for payslips and tax documents
- Mobile app for payroll approvals on-the-go
Industry-Specific Payroll Expertise
Manufacturing: Shift differentials and overtime management
Banking & Finance: Bonus calculations and stock options
Healthcare: 24/7 staff scheduling and payroll
Retail: Commission-based payroll structures
Why Outsource to Faturoti Taiwo and Co.?
ICAN-certified payroll specialists Nigerian payroll compliance experts Cost-effective compared to in-house payroll staff Secure, confidential data handling Seamless integration with accounting services
Ready to Transform Your Payroll Process?
Stop struggling with complex payroll calculations and compliance risks. Let our experts handle your payroll while you focus on growing your business.
Call: (+234) 701-272-5021
Email: thomas@faturotitaiwoandco.com
Visit: https://faturotitaiwoandco.com
“We’ve expanded to three states without payroll headaches thanks to Faturoti Taiwo’s national payroll expertise.”
— Logistics Company, Abuja