Payroll is the compensation a business must pay to its employees for a set period or on a given date. Outsourcing payroll to specialized firms that handle paycheck processing, employee benefits, insurance, and accounting tasks, such as tax withholding represents a number of advantages.
BDO's team of experts in the field of payroll works with a number of companies based in the Republic of Armenia and abroad, taking care of the requirements for payroll preparation, reporting and compliance with the requirements of all parties involved.
Payroll specialists of BDO can help you with the following services:
- Calculation of staff monthly payroll and other payments
- Calculation of employees’ annual leaves, sick leaves, termination payments for unused leave days
- Calculation of individual income tax payments and social security contributions for staff and preparation of payment list in accordance with payroll calculations
- Sending to employees' personal e-mail address pay slips
- Keeping all payroll documents during the service provision period
- Adding new employees, adjusting employees data in the payroll software
- Calculation of individual income tax payments and social security contributions as per service contracts signed with individuals
- Preparation of bank transfer payments related to salary and salary equivalents. salary related taxes and other payments in online banking system