Even with a small number of employees, calculating and processing salaries can be a tedious and time-consuming process. We provide flexible outsourced payroll services that improve payroll management for small and medium-sized businesses.
The payroll needs of companies can vary, but our services generally include a mix of the following tasks:
Payroll calculations – calculation of net salary payment including monthly personal withholding tax, over-time payment or other benefits, social fund contributions and other monthly deductions
Pay-slip creation – a carbon-slip consists of payroll in details for each employee
Submitting pay instructions to your bank – payroll instructions to be given to the bank to automatically release payment to each employee
Social Security (SPS 1-10) – preparation of filing form for monthly social contributions of all employees to Social Fund office within the date 15th of each following month
Withholding Tax Certificate (BIS 50) – issuance of certificate of total earning salary, withholding tax, social fund contributions, and provident fund(if any) of the whole calendar year for each employee. This certificate is required for Filing of Personal Income tax returns.
Provident fund – calculation of provident fund deductions for each employee’s payroll
Workmen’s compensation – preparation and submission of annual contribution to Social Fund Office
Payments to government agencies – submission of government fee(s) to each government department
Electronic reporting – preparing of monthly payroll report for your reference