Outsourced cost to perform the process "process payroll taxes" per $1,000 revenue

This measure calculates outsourced cost per $1,000 revenue to perform the "process payroll taxes" process, which ensures regulatory and statutory compliance for payroll tax obligations on behalf of the company. Outsourced cost refers to the total cost of outsourcing a specific process to a third party, except one-time charges for any type of restructuring or reorganization. This measure is part of a set of Cost Effectiveness measures that help companies understand all cost expenditures related to the "process payroll taxes" process.

Benchmark Data

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Measure Category:
Cost Effectiveness
Measure Id:
101605
Total Sample Size:
652 All Companies
Performers:
25th
Median
75th
Key Performance
Indicator:
No

Compute this Measure

Units for this measure are dollars.

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(Total cost to perform the process "process payroll taxes" * Percentage of total cost to perform the process "process payroll taxes" allocated to external costs * .01)/(Total business entity revenue * 0.001)

Key Terms

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Total Annual Revenue/Net Revenue

Total annual revenue is net proceeds generated from the sale of products or services. This should reflect the selling price less any allowances such as quantity, discounts, rebates and returns. If your business entity is a support unit and therefore does not directly generate revenue, then provide the revenue amount for the units you support. For government/non-profit organizations, please use your non-pass-through budget. For insurance companies the total annual revenue is the total amount of direct written premiums, excluding net investment income. Note: Business entity revenue needs to only include inter-company business segment revenue when the transactions between those business segments are intended to reflect an arm's length transfer price and would therefore meet the regulatory requirements for external revenue reporting.

Cost Effectiveness

Cost effectiveness measures are those in which two related variables, one of which is the cost and one of which is the related outcome related to the expenditure are used to determine a particular metric value.

Measure Scope

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Cross Industry (7.3.0)

  • 9.5.3.1 - Develop tax plan (14075) - Devising a method to minimize payroll tax liability by means of allowances, deductions, exclusions or exemptions.
  • 9.5.3.2 - Manage tax plan (14076) - Overseeing maintaining the reduction of payroll taxes [14075].
  • 9.5.3.3 - Calculate and pay applicable payroll taxes (10866) - Paying tax according to appropriate deductions made from salaries. Calculate and pay the tax liabilities according to the salaries and tax regulations of employees with the help of certified chartered accountants.
  • 9.5.3.4 - Produce and distribute employee annual tax statements (10867) - Providing tax deductions statements created by certified chartered accountants to every employee for their reference or refunds.
  • 9.5.3.5 - File regulatory payroll tax forms (10868) - Filling taxes, and highlighting different sources of income and expenditures made.