Payroll accounting - wherever you need it, at home or abroad
Publisher:
PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft
An overview of managing payroll compliance and costs across domestic and international operations.
Manage payroll compliance and tax obligations across multiple countries without internal complexity
Reduce liability risks through expert knowledge of evolving payroll regulations globally
Coordinate cross-border payroll for expatriates and foreign subsidiaries with specialist support
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Year:
2013
Language:
English
Pages:
4
File Format:
Abstract
Although payroll accounting is not a new concern, it is nevertheless an important one. This is not only because of the variety of legal requirements that need to be considered in payroll accounting, but also because personnel costs are among the largest cost blocks in many organisations.
In addition to wage and salary disbursements, the costs associated with preparing payroll statements – including the cost of training payroll staff and continually updating the software – also need to be considered. Neglecting to do so means high liability risks, for example in the case of payroll tax and social security audits.