payroll processing in the Philippines
Hiring employees in the Philippines means understanding the labor law of the Philippines, understanding the mandatory requirements needed by the employer and employee, and so much more.
Once a corporation have employees, they are now obligated to register them to the three social institutions in the Philippines plus with the BIR who is responsible for tax wages in the country.
Jumpstarters Manila will guide you through the step by step process. We will ensure that everything will be taken care of.
JMI caters to payroll requirements from small and medium-sized enterprises to large enterprises. We provide the highest quality of payroll processing by using cloud-based payroll software which ensures that salary computations, government contribution deductions, and tax deductions are in consistent compliance with the present laws.
Our payroll team will work hand-in-hand with your company to ensure that all information is accurate, that the mandatory payments have been discussed, and that the employees will receive the highest net income possible within the limitations of the Bureau of Internal Revenue’s rules and regulations.
You will also be able to customize some parts of the payroll process. Payroll can be released on a monthly or bi-monthly basis, payslips can be released in either or both softcopy and hardcopy, and we can manage the accessibility of the payroll documents.
Important Information for Payroll Processing
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Estimated cost for monthly or yearly payroll
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Timesheet and employee details
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Appropriate BIR Form
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Registration to the different agencies (BIR, SSS, HDMF, and PHIC)
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Computation of employee and employer’s government contributions and taxes
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Benefits and premium pay applicable for different levels of employment
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Receipts management
We will gather all the details and documents needed then we will process accordingly. Once the computation is done, we will cross-check with our manually-built spreadsheets before sending them to your team. Immediately after the approval and settlement, the salaries and payments will be accomplished.
Here are more useful information to further understand the payroll processing in the Philippines
BOOK A CONSULTATION WITH US
We will schedule a FREE consultation to know more about the nature of your business and the advice on what would be the most suitable entity for your company. The explanation on the process of registration will be included as well.
We value your trust and rest-assured that we will be honest and transparent with you all throughout the process. Book a consultation with us and we will guide you through step 1 up to the end! Email us at info@jmiph.com