Payroll and Human Resources Administration - Ernst & Young - Latvia

Payroll and Human Resources Administration

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Outsourcing payroll calculation and HR matters to Ernst & Young specialists allows a company to focus on its core business, yielding tangible financial benefits and ensuring that payroll information is distributed strictly on a need-to-know basis and is not disclosed internally.

 Payroll operation

• Monthly payroll calculations, including salary, related employee and employer taxes, contributions and charges
• Maintaining the payroll register for every employee
• Generating and delivering pay slips to the client’s employees
• Calculating vacation and other payroll related accruals
• Reporting payroll costs to the Management Board or the Finance Department
  

Payroll related tax compliance

• Preparing monthly returns for social security, health insurance, personal income tax, or other locally required returns
• Fringe benefit identification and taxation
• Preparing annual personal income tax information for the employer and employees
• Assistance in the course of internal, statutory or tax audits
• Registering and de-registering employees for the mandatory social security scheme
  

Initial set-up services

• Customizing Ernst & Young’s payroll software to meet client’s needs and payroll requirements
• Entering master data and historical data of all individuals into the payroll software, payroll test-runs
• Implementing the data exchange security system depending on client’s security standards
  

Human Resource administration

• Drafting and maintaining employee personal files
• Monitoring utilization of annual leave and other leaves of absence
• Drafting employment documentation
• Coordinating time reporting and other employee reporting
• Training in payroll calculation and personnel administration issues