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Payroll
Payroll
Payroll service is a specialized field that encompasses various areas such as international money transfers, taxation, and labor laws.
It requires dedicated professional services and is already a common practice in the United States, Europe, and many other regions.
- Accurate Payroll Disbursement : Accurate payroll calculations and timely payments as per the company's designated dates are achievable.
- Time and Cost Savings : Automate processes to save time and resources, thereby minimizing overseas payroll processing costs tailored to each company.
- Precise Tax and Legal Compliance : Compliance with complex taxation and labor regulations through local accountants and labor experts in the respective country.
- Enhanced Security and Confidentiality : Enhanced data security and confidentiality through our proprietary systems.
- Better Management and Analysis : Systematically record and store data, allowing for faster and more effective decision-making in workforce management and budgeting.
9. What is Payroll?
Payroll involves handling all tasks related to payroll, from calculations to bank transfers for salary and bonuses,
encompassing tasks such as payroll processing, social insurance, retirement benefits, year-end settlements,
withholding tax reporting, and providing relevant data and reports.
It's a comprehensive administrative support service.
Additionally, you can access HR/Payroll programs and consult on labor and tax matters to view and generate results related to Payroll.
With Blueback Global, you can also benefit from:
Allowing HR departments to focus on core tasks.
Relieving repetitive tasks
Achieving over 30% cost reduction
Ensuring confidentiality of salaries among employees
Procedure for Payroll
Personnel/Payroll
Change Information
Submission
The client provides updated
information to Blueback Global.
Personnel/Payroll
IT Registration
Based on the information received,
Blueback Global registers personnel
and payroll data in the system.
Deduction/Allowance Information Notification
The client informs
Blueback Global
of deduction
and allowance details.
Payroll IT Registration, Calculation
Based on the notification,
Blueback Global registers deduction
and allowance information in the system,
calculates the payroll, and sends relevant documents.
Payroll Ledger
Verification, Payment
After verifying the payroll ledger,
the client transfers the payroll amount
to Blueback Global.
Payroll Statements
Issuance, Payment by Draft
Blueback Global sends payroll
statements and transfers individual
payroll amounts.
Personnel/Payroll Change Information Submission
The client provides updated information to Blueback Global.
Retirement Benefits Calculation
Using the updated information, Blueback Global calculates social insurance loss reporting, retirement benefits, and retirement income tax. And sends notices and requests confirmation of statements.
Confirmation of Retirement Benefits Calculation Statement and Transfer
The client confirms the statement issued by Blueback Global and transfers the retirement benefits.
Individual Retirement Benefits Transfer
Individual retirement benefits are transferred, and the transfers are confirmed.
Withholding Tax Data Submission
The client submits withholding tax data, including business income and other income, to Blueback Global.
Withholding Tax Report Preparation/Reporting
Based on the received data, Blueback Global prepares withholding tax reports and submits them to authorities.
Withholding Tax Payment Amount Notification, Notification of Tax Statement
Blueback Global informs the client of withholding tax payment amounts and sends tax statements.
Tax Payment Amount Confirmation/Payment
After confirming the payment amount,
the client pays the taxes.
Submission of Personnel (Joining, Resignation) Data, Change Notification Data
The client provides personnel data
and change notification data to Blueback Global.
Acquisition, Disposal, and Post-Reporting Completion, along with Insurance Premium Information
After processing the notifications, Blueback Global informs about notification completion and monthly insurance premiums for acquisition/loss of insurance.
Request for Payroll Adjustment
Based on Notification Completion
After receiving the information,
the client requests payroll adjustments
from Blueback Global.
Payroll System
Adjustment
Blueback Global adjusts payroll based on notifications and sends summaries of advances and insurance premium notifications to the client.
Confirmation of Documents, Statements,
Premium Payment
The client confirms documents received and premium notifications and pays the insurance premiums.
