In control of employment costs and risks
Employees are an organisation’s biggest cost and its biggest risk. Dealing with wages and incentives - and the employment taxes and other statutory on-costs paid to the authorities - as well as administration of the process is complicated and fraught with risks. Organisations are increasingly complex with businesses in multiple territories, complex interactions among stakeholders, workers crossing borders every day and the myriad different country and regional legislation and taxation regimes to deal with. Added to this are new business models and an increasingly non-traditional workforce mix, bringing together employees and a vast array of different contractual arrangements, ‘gig’ talent and other contingent workers.
“In an increasingly complex global environment, employers face unique challenges in dealing with the tax implications of recruiting, rewarding, retaining and incentivising their employees, particularly when you consider an environment where distance is no longer an issue”
“Given the growing focus on labour taxes globally, today’s employment tax function, and its leaders, are central to compliance and governance in almost every territory. A fit for purpose global strategy is a must.”
Do you know how much you pay in global employment taxes and what element of this is controllable? How do you keep up to date with current or impending legislative change? Will your organisation be impacted by minimum wage or pay discrimination reporting in one or more of your trading locations? Are you using your payroll function to incorporate people analytics and reporting capabilities?
Employment Taxes
We support clients across the full spectrum of employment tax obligations. The administration of these can be complicated and fraught with risks. Now, even “traditional” employer organisations are becoming increasingly complex and cross-border, and new business models are also on the rise, with an increasingly non-traditional workforce mix that includes ‘gig’ talent and other contingent workers. Our employment specialists help to guide clients every compliance requirements, helping them to seek out commercial and strategic advantages while doing so.
- Tax, regulatory and accounting advice
- Tax disputes
- Mitigation of risks
- Tax filings for equity and benefits
For more information, visit our global employment taxes page here.
How we can help you?
PwC’s employment tax and cost specialists take a proactive and global approach to the often neglected on-costs associated with remunerating a workforce. We also look at how effectively company employment tax functions support corporate business needs and strong compliance and governance. We look for ways to reduce a company’s workforce costs without reducing the size of its workforce. We can help with:
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