An employee payroll service is a full or partial transfer of payroll accounting and payroll-related reporting to a specialized accounting provider.
Structure of outsourced payroll solutions:
- Calculation of salaries, compensations and other expenses
- Calculation of accruals and deductions of any type
- Calculation of taxes, insurance fees, state subsidies
- Preparation of payslips and certificates for personnel
- Submission of reports of all types at the end of the reporting period to the statistical, tax authorities and employment centers
- Participation in communication with regulatory authorities in case of addressed claims
- Consulting and legal support
Cost of outsourcing payroll
Outsourced payroll costs are calculated based on the following factors:
- Number of employees, legal entities and separate subdivisions
- Frequency of salaries and advance payments
- Composition of social package
When is it relevant to outsource payroll?
- There is a need to reduce the cost of accounting
- Lack of own resources to calculate and accrue advances and salaries to employees
- Lack of knowledge on the correct submission of reports to the authorities, as well as on the calculation and payment of payroll taxes
- Lack of resources to keep track of the latest changes in the labor legislation
Why do people trust us?
- Safety of employee’s personal data is built in accordance with the requirements of the international standard ISO/IEC 27001
- 25+ years of providing professional services in payroll, personnel administration and accounting
- 5+ years of experience in payroll accounting of our employees
- Financial responsibility for the process
- Individual approach to task solutions
- Experience in servicing companies of any size from various sectors of the economy
