PAYROLL MANAGEMENT

Updating the payroll with new hires and departing staff

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Our payroll management services include and are not restricted to the following:

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Preparing payroll on a monthly basis separately for management of the entity, (to maintain confidentiality if so requires) and the general staff of our clients

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Updating the payroll with new hires and departing staff

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Making appropriate statutory deductions with respect to social security and Pay As You Earn (“PAYE”) tax and remitting these deductions and submitting related monthly returns to the relevant authorities on a timely basis

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Making appropriate non-statutory deductions such as third tier provident funds (where applicable) and effecting/transferring payments to the nominated banks as well as fund managers, if any

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Preparing and distributing pay slips/advice slips to management and staff

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Preparing payroll reports for management for purposes of integrating/incorporating in annual financial reports

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Advising management on any possible tax efficient remuneration structuring/planning schemes that will benefit employees