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Payroll

Simon Accountancy and Economic Consulting provides payroll accounting services to employers, our services are updated according to the latest labor laws, laws and directives.

חשבות שכר במיקור חוץ

foreword

Israel Employers are required to pay their salary monthly when employees are 'monthly employees'. This means that every month there is a preoccupation around the salary and the importance of the employer is to act legally and prepare the salary accurately and on time. It is very important to make the deductions for payments of income tax, social security, health insurance lawfully for employees and managers of the organization. Our firm, Simon Accountancy and Economic Consulting, offers payroll services to companies and businesses of various sizes. We have extensive experience in providing payroll services, the firm's staff makes sure that the calculation of salary and deductions is done in the best and most efficient way, and of course correctly and lawfully.

What is outsourced payroll?

Outsourced payroll accounting services are services designed to help employers manage payroll payments to their employees. Outsourced payroll accounting includes transferring employees' monthly salaries from the employer, calculating taxes, social security and health, deductions, and adjusting the slip to the terms of the employees' employment agreement. Outsourcing the salary calculation to our office, for example, will provide an efficient solution for managing payroll, and will allow you, as an employer, to save time and resources in this process and concentrate on the core of the business.

Why should you use outsourced payroll?

    1. Saving time and resources – Using outsourced payroll accounting services allows companies to save time and unnecessary resources that would have been invested in managing payroll as part of the employee payment process. 
    2. Adherence to legal provisions and regulations – we follow the latest updates pertaining to labor law, make sure to comply with the appropriate legislative and legal guidelines. 
    3. Reporting and data analysis – Outsourced payroll services provide detailed reporting and data on payments and invoices linked to the employees' payment process. 
    4. Budget update – You can track the company's salary budget and estimate the company's payroll expenses. 
    5. Reduce payroll  errors– The payroll management process associated with employees' payment process is often complex and problematic. Payroll services can help a company prevent payroll mistakes because our firm has 30 years of experience in this field and we are skilled in this area.                                           
    6. Adherence to transaction terms – Companies that use outsourced payroll services can be sure that all terms and agreements are brought before them in a clear and predictable manner. 
    7. Professional and advanced management – our services provide professional management of the employees' payment process, including management of periods of work stoppage, vacations, compensation, etc. 
    8. Fast and professional response – Outsourced payroll services provide professional and fast customer service, so employers can receive support and assistance with any question or problem regarding employees' wages. 
    9. Cost reduction – Employers who use outsourced payroll accounting services can save money on the salaries of employees who are responsible for payroll and the relevant software in this regard.

The advantages of our firm, marking accounting and economic consulting:

  • Decades of experience in outsourced payroll accounting for employers and corporations of various types.
  • High service consciousness while putting the customer above all. 
  • One stop shop in matters of salary for employers: administration, accounting and payroll consulting. 
  • Skilled employees – our firm has skilled and quality payroll accountants. 
  • Maximum customer availability.

The service we provide provides the highest level of end-to-end solution. We make sure to provide our customers with uncompromising service that ensures meticulousness and accuracy in calculating employees' wages, using work methods developed over more than 30 years and our quality payroll accountants.

What does our service include – outsourced payroll?

  • Generate monthly paychecks for your employees. 
  • Production and reporting of relevant annual reports: Forms 106, Reports 126. 
  • Production of monthly reports: salary orders, reports to institutions regarding deductions (Form 102), details for the purpose of making bank salary transfers / production of a tax file, costing and other reports. 
  • Onboarding new employees into the payroll system. 
  • Handling rebates of reserve benefits. 
  • Handling the completion of an account of graduating employees (Form 161+, checking the likelihood of data for redemption values). 

Advising organizations on payroll matters

Consulting service in labor law on payroll issues is a complementary and important service for employers who wish to receive professional and expert help. The service helps solve complex issues related to payroll and dealing with situations that are not part of the day-to-day operations of the business. In addition, the service includes the preparation of reports tailored to the customer's needs, in order to enable identification of deviations and insights and promote decision-making among management. In addition, the service includes personal handling of reporting to the Income Tax for senior executives who are required to report their holding in companies for certain purposes. The service helps employers obtain expert advice and resolve issues in a professional and convincing manner and ensure proper reporting and overall economic activity of the business.

 For more details, contact us below.