Accruals and payment of wages

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According to the legislation of Ukraine, wages are paid twice during the month - advance payment for the first half of the month and final payment for the second half of the month. In order not to violate the terms of payment, it is necessary to make a timely calculation of wages.

Accrual and payment of wages, calculation of wages and salaries

In the conditions of constantly changing legislation, it is very difficult to keep track of all the nuances in the calculation of wages, especially when the staff is large, and the accountant is one. He has to keep track of news in tax legislation, which also tend to change almost before the reporting period. Since the calculation and calculation of wages is not a daily operation, in most companies to keep a permanent employee with high qualifications in this area is not rational.

This work is very laborious and time-consuming, requiring maximum attention and professionalism, so one person can not do it well. To ensure correct and timely payroll, it is advisable to outsource these functions to experienced professionals in this area.

Legal Solutions has all the necessary knowledge in the payroll legislation and constantly monitors all changes and amendments to respond to all fluctuations in the rules of payroll in Ukraine. Our employees clearly adhere to the standards of corporate ethics and guarantee complete confidentiality of the information received.

Accrual and payment of wages includes:

Payroll accrual:

1. full-time employees;
2. part-time employees.
3. Accrual of remuneration under contracts of employment.
4. Accrual of vacation pay.
5. Accrual of payments for sick leave.
6. Withholding taxes and mandatory contributions.
7. Calculation of net income to be paid.
8. Filling out the necessary forms of documents.
9. Posting of accruals and payments in accounting.
10. Outsourcing payroll calculation (3 arguments for outsourcing payroll calculation).

Professional payroll outsourcing is the performance of payroll calculation functions and preparation of relevant reports by payroll specialists on the basis of a signed contract. There are at least three strong arguments for outsourcing payroll operations:

It is possible not to keep an extra staff unit in order to occasionally do payroll calculations and get a full-time payroll accountant.

The high professionalism of the hired company will ensure competent record keeping and exclude the appearance of errors in payroll, the responsibility for which is too high, and the storage period of payroll documents is quite long - 75 years.

Outsourcing the responsibility for payroll completely eliminates internal conflicts in the team about the correctness of payroll for ordinary employees and management staff.

Why Legal Solutions?

Why clients bring this kind of matter to Legal Solutions:

• We take on the whole job. Documents, filings, correspondence with the authorities and official queries are on us. We need your decisions and signatures, and we call when your input really matters.
• Refusals and queries are our job. If a registrar, the tax office or a bank sends documents back, we revise and refile, appealing where needed, at no extra charge until the matter is closed.
• One person in charge, start to finish. The same person runs your matter even when the process takes months. You always know who is responsible and where things stand.
• A boutique, involved in every case. An experienced specialist handles your matter personally, backed by the group's 14 years of practice in 50+ countries. Non-standard matters are our field: where you have been told it cannot be done, we look for a lawful way.
• Confidentiality written into the contract. Information about you, your company and your deals stays between us; competitors and third parties will not get it. We disclose only what the law or the procedure requires.
• Faster and cleaner, first time. Full involvement and an individual approach to every matter keep things moving faster and cleaner. Fourteen years of practice let us get right the first time what takes some firms three attempts.

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