Payroll is a commonly outsourced business activity, enabling companies to free up resources and focus on adding value to the business. With a vast experience in managing payroll and a long history of providing accurate and economical web-based payroll services, PwC is well equipped to handle all facets of a client’s payroll process including bank transfers, accounting entries and reporting, tax and superannuation withholding and remittances, and monthly and annual compliance.
Our team of experienced and committed payroll experts ensures that your employees are paid the right amount at the right time in compliance with collective and individual terms of service, under continuous supervision, while conforming to all amendments to local labour law, social security matters and income tax. More importantly, we ensure that employers fulfil all the statutory pay requirements and obligations, including those concerning the withholding agent, social security and accident insurance.
Whether it is for a certain group of executives or for your whole organisation, we offer a discreet and reliable service, observing utmost confidentiality in all sensitive information we handle.
Our services include:
- registering the employer with public and private social security and welfare agencies
- calculating monthly pay, including pay slips and all the staff pay formalities to carry out each month
- daily assistance in addition to the current payroll service
- handling communications with the Authorities when new staff are recruited or when their employment terminates
- preparing annual pay returns, including withholding agent returns
- issuing and managing pay slips and remuneration reports, including periodic reports and data required by the accounting team
Our payroll experts can also carry out the following special tasks:
- providing advice and drawing up memorandums on specific issues related to pay
- preparing or reviewing internal regulations and policies
- supporting the client’s HR office if it handles payroll processes in house
- taking on assignments as social security representative for foreign entities
- providing a tailored payroll service for residents abroad, including pay for foreign staff on posting
- sending a payroll specialist at once to a company whose payroll operator is absent or has had to leave unexpectedly, until a suitable replacement is found
- reviewing due diligences of the procedures for recording personnel costs to make sure companies comply with pay regulations
- including refunds of travel and entertainment expenses in the monthly payroll processing program