Importance of correct accounting of income tax and contributions does not required too much analysis.
We will draw your attention to a number of reasons why you should outsource your payroll accounting to external experts. These reasons include: penalty in the case of incorrect accounting and payments, subsequent requests of the employees in terms of damages, reputation risk vulnerability, protection of earnings information, etc.
Payroll Accounting services include:
- Administrative work regarding the registration and deregistration of employees, archiving and storage of personnel documentation;
- Payroll and other income calculation for individuals, production and preparation of payments orders;
- Preparation of all required monthly and annual reports in accordance with financial and tax authorities and employees requirements;
Printing transfer order, or electronic data transmission to the Bank or Company.