The proper payroll management is necessary for the effective ruling of the business. Many companies prefer to assign their payroll obligations to accounting companies because of lesser cost, high accuracy, promptness and confidentiality of the process.
ATCA CO. LTD professional payroll team offers cost effective and diverse payroll management services to a wide range of companies irrespective of their type.
We conduct clear mutually advantageous discussion with the client and thoroughly analyze needs comprising the Payroll rules. Our professionals suggest the best solution for companies and staff. We undertake all the relevant paperwork, communication, and follow-up with the government authorities.
Our complex payroll services include:
- Registration of the company as an employer with the Governmental Authorities (Social Insurance, Income tax).
- Registration of the employees with the Governmental authorities (Social Insurance, Income Tax).
- Employment contracts preparation.
- Preparation and distribution of payslips at the end of each payroll run.
- Preparation of tax computations for each employee in order to perform an accurate determining the monthly tax deductions based on the signed IR59 form of the employee.
- Arrange timely payment of salaries to employees and deductions to the relevant public departments.
- Compliance and submission of all necessary monthly / annual statements.
- Returns to government departments (Department of Tax and Social Insurance).
- Payroll calculation monthly/weekly payments, depends on client’s preferences.
- Keeping payroll records of employees.
Timely, accurate and compliant management of payroll in Cyprus demands a root comprehension of local tax, reporting, employment and compensation requirements. With our payroll solutions, you can be confident in our expertise and maintenance as we are aimed to help ensure your workers in Cyprus are paid correctly, compliantly and on time.