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Blue Bison launches payroll tax solution

After a successful soft launch, Blue Bison, the software division of Paragon GRC Bermuda, is officially rolling out its HRM/payroll software solution that has been modified to support the calculation and reporting of Bermuda’s progressive payroll tax regime.

It will be holding workshops next week, including a general update session.

Paragon said Blue Bison is currently used to administer local offshore payroll and work permit processing by more than 7,000 employees each month in Cayman, Bahamas, British Virgin Islands, and other locations.

Customers include banks, audit and legal firms, hotels, wholesalers, retailers, government departments, schools, and hospitals.

Graham Pearson, chief executive officer, said: “Since the implementation of progressive payroll tax in Bermuda it has been a real administrative challenge for both small and large organisations, it’s quite a complex calculation and the traditional accounting packages such as QuickBooks, Sage, and others are unable to process and provide the reporting without significant manual intervention. This is where our customisation of the Blue Bison software has provided a much needed affordable solution.”

Blue Bison in Bermuda already has more than 800 employees being administered since its soft launch last year.

Blue Bison said it plans a number of workshops next week. A general update session is being held at the Royal Bermuda Yacht Club on Tuesday at 8.30am; to reserve a seat visit www.bluebisonsoftware.com