Processing of regular payroll, bonuses, incentives, last payment and other policy-based payments which involve the calculation of earnings and allowances and deductions.
Master File Changes
Changes in employee/employment status Changes in salary Additional employees Resignations Other Income and Deductions Prepare, generate and submit to CLIENT all the necessary reports related to payroll processing. The deliverables are the following:
Payroll Journal Register Income Register Deductions Register Loans Register Individual pay slips Accounting entry Monthly Payroll Income Tax Reporting
Monthly Social Security, PhilHealth and HDMF Reporting Inform CLIENT of the amount of withholding taxes to be paid to the BIR thru CLIENT’s agent bank. Inform Client of the amounts of SSS, PhilHealth and HDMF premium contributions and loan repayments to be remitted to the respective government agencies. Year-end Computation of Payroll Income Taxes
Calculate the annual taxable income and payroll income taxes on employees’ annual payroll at the end of the year Prepare the annual certificates of withholding taxes (BIR Form 2316) for each employee. Alpha List preparation of List of Employees from whom taxes Have Been Withheld for employees covered by payroll. Deliverables include the following: Copy of the Alpha List and BIR Form 2316 Semi Monthly Payment Services
Prepare the payroll bank electronic file and/or pay lists containing the employee name, bank account number and net pay which will be sent to the bank
