Payroll handling can be both time-consuming and complex. Fortunately, outsourcing is the ideal solution when it comes to multinational companies with multi-regional representation, particularly where expatriates are frequently on the move. What’s more, companies that venture into new territories face myriad challenges: foreign offices must comply with host countries’ laws on tax, pensions, business practices, human resources, labor unions, expatriate workers and a host of other issues that can take their toll on even the most ambitious managers. The fact is that you shouldn’t have to worry about such issues—you should be focused on the business of gaining market share and boosting your bottom line. So, outsourcing your company's payroll (and related services) is an efficient way to free up your resources—including valuable human capital—and allow you to focus on and engage in projects that add value to your business. Tapping the pool of knowledge of a highly specialised partner may be just the answer to tackle these challenges.
If this is your situation:
- Your company needs reliable and accurate payroll calculations and process sing.
- You must find a timely way to accurately prepare your payroll records for accounting purposes.
- You find that inefficiencies in your payroll processes are delaying the payment of wages, salaries and deductions.
- Your company has to devise a better way of being in compliance with statutory filing deadlines.
- You need help dealing with third-party providers, such as the tax authorities and medical and life insurance agents.
- You need ongoing access to a team of payroll specialists who can tackle problems whenever, and wherever, they arise.
What PwC can do for you.
At PricewaterhouseCoopers (PwC) we can undertake either all, or part, of your company’s payroll and/or human resource administration functions. Our specialists are able to offer you a fully managed payroll service—coordinated on either a multi-territory or local level—that encompasses payroll processing, payroll administration, HR administration and compliance services. Working closely with you we can handle every aspect of your expatriate payroll, wage tax returns, and other payroll procedures mandated by local and national fiscal authorities. Plus, we can undertake regular payroll reviews and provide payroll processing advice should you need it. Our professionals have the knowledge and experience to collect input data and details of periodic changes, handle changes to employee remuneration, take care of payroll operations. and accurately calculate expat salaries. And we can also assist with year-end payroll reporting procedures and handle communication with the authorities. Let us show you how.
