Payroll outsourcing is becoming an increasingly popular service among companies in Ukraine. Many entrepreneurs believe that HR accounting can be handled by an accountant, if the company has one. However, this opinion is wrong. Proper HR accounting requires much more than just calculating salaries and taxes. This is a complex process that includes monitoring legislation, personnel management and compliance with labor laws. With the help of experienced specialists, you can also get a tax identification number in Ukraine.
Main tasks of HR accounting
Keeping HR records in a company is not just an administrative responsibility. It is a process that includes:
- understanding and complying with legislation – labor and wage legislation is constantly changing, and companies must monitor these changes to avoid fines and sanctions;
- hiring and firing procedures – companies must follow strict hiring and firing procedures to comply with all legal requirements and protect their interests;
- employment contract management – this includes the execution, storage and updating of employment contracts, as well as monitoring the fulfillment of the terms of contracts;
- calculation and payment of wages – in addition to calculating salaries, this includes accounting for all social and tax deductions, as well as reporting to tax authorities;
- social and pension contributions – correct accounting and timely payment of social and pension contributions is an important aspect of HR accounting.
Advantages of outsourcing payroll calculation
Legal Service Ukraine offers comprehensive payroll outsourcing services. Thanks to the comprehensive services provided, you can successfully start business in Ukraine. Outsourcing HR accounting and payroll calculation frees up the company’s internal resources, allowing you to focus on core business processes. Professional lawyers and accountants of Legal Service Ukraine ensure compliance with all legal norms and requirements, which minimizes the risks of fines and sanctions. The company’s specialists constantly monitor changes in legislation, guaranteeing the relevance and accuracy of calculations. All data and information about employees is kept strictly confidential, ensuring the protection of personal data.