Paying wages and salaries on time is a basic responsibility of corporate employers. If any employee is unpaid within the first seven working days following the payroll period or termination of the employment contract, the employer would be criminally prosecuted. Besides, the employee can pursue civil claims for overdue wages. Staff members and employers must comply with the law to contribute to the employees' Mandatory Provident Fund (MPF).
However, processing wages is also a complicated and time-consuming task for enterprises, which may further increase the company's resource burden in a long term!
To improve the efficiency of business operations, our team offers effective Payroll Management Procedures, including:
Keeping staff records
Processing payroll and commission calculation table
Handling salary and preparing payroll receipts on behalf of the client
Assisting in the opening of MPF accounts and handling contribution matters on behalf of the client’s organization
Acting as a Financial Advisor for staff members to customize Personal Financial Plans, such as personal insurance, MPF Personal account transfer, Tax-deductible voluntary MPF contributions, Tax-deductible Voluntary Health Insurance Scheme (VHIS) and Tax-deductible Qualified Deferred Annuity contributions, etc.
Handling Labor insurance, Group medical and other matters
Filing employee salary tax returns and filing personal tax returns (Form IR56B & 56M)