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As the sum of all the salaries for employees, bonuses, taxes, and deductions, payroll is the amount paid to the employee for the services they rendered during a certain time period. The best way to manage payrolls in Hong Kong is payroll outsourcing. In other words, this means that a certain business hires another company (third-party/external party) to handle all payroll-related activities.
Outsourcing payroll in Hong Kong is being done by companies large and small as it has proven time and time again to be the easiest, fastest, and safest way to ensure both the employee and the government's happiness when it comes to HR and payroll responsibilities.
Our Hong Kong payroll management services include salary calculation on a monthly basis, automatic generation of monthly employee payslips, preparation and submission of the employer’s return, maintenance of payroll file for each employee, and e-submission of MPF online. It is a known fact that payroll processing is a very tedious, time-consuming task that can distract both the employer and the employees from focusing on more important tasks at hand. Keeping track of benefits, taxes, deductions, new hires, paid time off as well as state regulation changes can be frustrating and stressful tasks. They can end up to be very time consuming, especially if you factor in the preparation of forms and sending them in time.
Pretty much, attending to payroll demands a great deal of time and attention to detail. Outsourcing payroll allows companies to focus on their main business operations and frees up the business owner to focus more on strategic tasks that could ultimately affect the future of the business. By working with us here in Hong Kong Payroll Services, the direct expenses of handling payroll can be greatly reduced.
Outsource : and focus on what you do best.
As your reliable Hong Kong payroll provider, we figure out how many labor hours your employees are devoting to payroll-related activities. We take care of the arduous tasks of calculating payroll each time period, printing them, signing them, and distributing paychecks or pay stubs to every employee. Technically, we calculate the cost of an employee’s wage and we weigh if it is profitable for your company to keep paying them or not. We also integrate ourselves into our client's accounting system, which is how we get accurate and detailed financial reports.
Leave the payroll and HR to us...
Our Hong Kong Payroll Services manage all aspects of payroll for Hong Kong organisations and its workers. This includes handling taxes, social security payments, withholding, and all other statutory requirements. We make sure that all your staff are paid in a timely manner, usually monthly, with tax and social security already deducted beforehand then paid to the respective local authorities. To make sure our clients stay on top of every payroll action we take, we make it a point to invoice them a month in advance of the actual payroll date.
Said invoice would usually contain the Total Cost of Employment. which includes Base salary + Employers Statutory Contributions + Additional statutory contributions, and a Management Fee. We also provide every employee with a payslip. Needless to say, outsourcing of payroll can save you a lot of time, money, and compliance headache.
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