Monthly payroll can present a daunting challenge to start-up companies that have limited human resources. Global organizations are also facing growing challenges, both internally and externally.
Employees need to be paid accurately and timely within 7 days from the day when the wages become due. Offenders, upon conviction, are subjected to a maximum fine of HK$350,000 and to imprisonment for three years.
Moreover, there are various returns and notification forms required for submission to the Salaries Tax Section of the Inland Revenue Department when new employees were hired or existing employees were terminated.
Payroll calculation are further complicated due to
- Mandatory Provident Fund contributions
- statutory minimun wage
- 12-month average wages for the calculation of relevant statutory entitlements
- changing regulatory requirements
Where we can assist you
We save our clients, particularly those with small number of employees, from hiring full-time HR professionals by the following tailored payroll services:
Please feel free to contact us should you be interested in any of our above services.