Payroll

With payroll legislation changes, it is often difficult for international as well as local clients to know all the required changes to the law. We have the expertise to apply changes to your company’s payroll and process them efficiently.

Our specialists have managed hundreds of clients across several industries including but not limited to:

  • Energy
  • Marketing & Advertising
  • Airline
  • Shipping & Transport
  • Banking & Insurance
  • Telecommunications
  • Construction
  • Manufacturing
  • Public Sector
  • Media
  • Hospitality Services
  • Technology

We work closely with international clients across the United States, Europe and Australia to ensure local compliance as well as manage their statutory obligations. Our expertise also extends to other Caribbean countries.

Our technology and integrated systems seamlessly manages human resources and payroll processes weekly, bi-monthly and monthly, all in one pay run. Our systems and processes ensure accuracy and our internal controls maintain highest confidentiality.

Our payroll services include:

Payroll Management

  • Preparation of payroll reports
  • Develop customized reports specific to your payroll/business requirements
  • Direct deposit of to employees’ accounts in local and multiple currencies where applicable
  • Remittance of third party assignments
  • Calculation of appropriate and accurate NIS, PAYE, Health Surcharge deductions and managing the remittance process to the relevant statutory boards
  • Preparation and submission of annual TD4s and TD4 summary sheet to the Board of Inland Revenue (BIR)

Payroll Tax & Statutory Compliance

  • Expatriate and Local payroll taxes
  • Preparation and submission of Tax Returns to the BIR
  • Process application for TD1 approval
  • Process application for employees’ National Insurance (NIS) and Board of Inland Revenue (BIR) numbers
  • Ensuring compliance with all statutory bodies
  • Liaising with the relevant authorities in the event of any queries
  • Co-ordination and assistance with payroll audits conducted by the respective statutory boards’ i.e. The National Insurance Board (NIB) and the Board of Inland Revenue (BIR)

Benefits to Payroll Outsourcing

Focus

Companies can better focus on what they do best which is running their core business.

Accuracy

All payrolls are subject to a quality assurance process to ensure it is accurate and the proper procedures are followed.

Confidentiality

Payroll outsourcing reduces the risk of exposing confidential payroll information to unauthorised personnel.

Convenience

Outsourcing payroll functions relieves companies from the stress and diverts resources to focus on other parts of the business.

Flexibility

An employer has access to a greater number of ancillary services. This has become increasingly important, as administration of other functions have become part of the overall payroll process. For example, insurance, retirement plans, and direct deposits.

Cost Savings

Employers can eliminate the cost of overhead expenses associated with the processing of their payroll in-house. The capital can be utilised in other areas of the business.

Compliance

The challenges of maintaining statutory compliance can be overwhelming. Aegis works with clients to ensure they act in accordance with the current laws and regulations that govern payroll.

For more information on our services, email us at info@aegistt.com

OR

Megan Apang - Manager, Payroll - megan.apang@aegistt.com - 1-868-625-6473 ext. 217