Payroll
Our firm produces salary slips for our clients' employees
- We use programs approved by the tax authorities which are continuously updated for every change in legislation.
- Through payroll software, we produce salary slips and wage reports which can be printed or emailed in PDF files.
- Each month we calculate employees' salaries, print salary slips and prepare the reports to income tax, national insurance, management insurance, pension funds, and further study funds.
The reports we provide our clients include:
- Confidential salary slips
- Employer cost reports - which detail the cost of each employee
- Reports to provident funds - which include details of employees and the payment to every fund (including pension funds, further study funds and management insurance)
- Form 102 - which includes national insurance and income tax deductions
- Reports to banks - which include a letter to the bank in which the list of employees, details of their banks accounts and the amounts to be transferred.
- Journal order to the accounts department - to record payroll expenses
- Form 106 - summary of annual salaries to the employee
- Form 126 - summary of annual salaries to the Company
- Form 161 - calculating severance pay for the employee
- National insurance claims - army duty reserve, birth grant, and unemployment benefits
Current support
Our firm keeps up-to-date on a current basis regarding all updates, legislation, court verdicts connected with labor laws, and apply these when preparing the payroll.
In addition, we provide current support on all matters relating to the labor laws and employee - employer relations.