International payroll: money makes the world go round

Payroll. A small word with a big responsibility. All global organisations have a payroll challenge; some manage it internally while others outsource it.

Payroll. A small word with a big responsibility. All global organisations have a payroll challenge; some manage it internally while others outsource it.

Whichever option your organisation has chosen, payroll remains a vital function that needs to run smoothly.

As any payroll professional, will advise you, local payroll is complex but manageable. But when you look at the different global compliance rules, tax requirements, on-boarding, off-boarding submissions (and the list goes on) then the task becomes bigger and far more complex.

Local tax and compliance nuances are difficult to manage and your organisation needs to have an internal team of experts working diligently to keep your payroll risk minimal.  Hiring an expert for each location is not cost effective for the one legislative change that happens every other year….

BPS World Solutions offers an international payroll service designed to support your recruitment and mobilisation needs. Paying employees in local currency and accounting for taxes is not a straight forward process. Brazil is an example of a complex payroll structure; employees are entitled to 13 monthly salaries per year where social security, health hazard allowance and unemployment guarantee fund are all deductions required by employment law.

Understandably this can cause a large administrative burden on a business looking to expand in Brazil so using World Solutions to manage your international payroll and manage all local tax and compliance requirements is one less “headache” for you.

To simplify the situation: You pay us, we pay your employee and handle all the required tax deductions.

We are experts in international payroll and currently offer payroll solutions in over 70 different countries. BPS World Solutions do not just cater for a single employee, our solution can manage multiple employees across multiple locations.

Do you need global payroll advice? For further discussion, please contact Kris Simpson on 01628 565765 or kris.simpson@bps-world.com

 

 

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