Payroll Outsourcing Services
What is it?
Our payroll outsourcing services simplify operations by managing salaries, tax payments, and statutory contributions for your employees. Many businesses rely on external agencies to ensure payroll is processed accurately and efficiently.
In Hong Kong, companies must comply with the Employment Ordinance, Inland Revenue Ordinance, and Mandatory Provident Fund (MPF) Schemes Ordinance. Employers are responsible for accurate salary calculations, MPF contributions, and timely tax filings, including Employer’s Returns (IR56B/IR56F).
Before hiring, businesses must ensure compliance with all local regulations, including MPF registration and tax deductions.
Payroll Outsourcing Services involve calculating and delivering employees' net salaries while ensuring full compliance with Hong Kong’s statutory laws and deductions. This includes managing overtime, Mandatory Provident Fund (MPF) contributions, taxes, and other obligations as required under Hong Kong regulations.
How does it work?
WE HELP YOU WITH
- Payroll calculation.
- Payslip send by email monthly.
- Submission of Mandatory Provident Fund (MPF) contributions.
- Withholding and remitting salaries tax to the Inland Revenue Department (IRD).
- Adding or removing employees in the MPF system.
- Annual employer tax return preparation and submission (IR56B/IR56F).
Reasons for needing Payroll Outsourcing Services
Miscalculation of payroll can lead to serious financial and legal issues for the employing company. For some employees, their salaries might be the only source of income they have so having it delayed or underpaid will greatly affect them. As an employer, even though you ensure that you pay your employees accurately and on time, failure to adhere to or follow certain laws like the labour law will end up causing legal issues.
Reduce Work Load
Payroll Outsourcing Services can be a big help in reducing the stress your business has to incur from processing the payroll on its own, allowing you to reduce your administrative team, or having them focus better on other tasks.
Save Money
No accounting team means fewer salaries to pay, working with us gets you the time and competencies of a full-fledged accounting team for only a fraction of the cost.
Avoid Mistakes
Calculation mistakes can have a big impact on your business or yourself, such as fines and imprisonments, or tax refund issues and work permit cancellations.
Contact Us
Share with us your requirements and needs, we will get back to you with a personal and confidential quotation.
