It should be mentioned that in accordance with Lithuanian labor legislation payroll calculation must be done once a month. In addition to the mentioned above payroll tax legislation in Lithuania has too many nuances and is constantly changing so the calculation should be dealt by a very competent specialist. The complicated task is to find a qualified person for the position. Partly because of this nuance, most foreign companies outsource payroll. The other reason of that – payroll could be easily outsourced.
By running a contract for payroll processing with EASY OPEN GROUP (as a Provider), the Client insure all the risks connected with payroll and salary related taxes miscalculation. In case of violations, the law and local governmental rules our company as the Provider will pay any fines and penalties on its own account. Moreover, payroll outsourcing always allows our Clients to maintain the information confidentiality.
Payroll calculation service includes calculation of all necessary payroll payments, taxes and preparation of all statutory reports.
Benefits of payroll outsourcing in EASY OPEN GROUP
- Firstly, the search for even one good accountant for calculating wages - the task is rather difficult, not to mention the cases when it is supposed to set a whole department for the calculation of wages;
- Secondly, the salary calculation area is the least connected with other accounting areas, which implies a fairly simple and fast process of its allocation and transfer to a specialized company;
- thirdly, the section for calculating wages and, especially, taxes and deductions from wages is one of the most dynamic and often changing from the point of view of legislation, and ignorance or untimely application of the amendments that come into force does not exempt from claims and fines from tax authorities;
- Fourthly, many companies want to ensure maximum confidentiality of data on the size of wages of both ordinary employees of the organization and employees holding managerial positions.
Considering all the above, owners and managers of companies increasingly concluded that it would be easier and more reliable to order salary calculation services from specialists in this field, that is, to transfer this site to outsourcing.
We are professionals who have been counting salaries, bonuses, incapacity benefits, holidays and everything related to salaries for many years.
We have signed long-term contracts with such international companies:
- TMF Hungary Accounting and Services Limited Liability Company https://www.tmf-group.com/
- Eurofast Global Limited http://eurofast.eu/
- Sunny business OÜ Near-Shoring. sunnybusiness.ee
Our clients trust us for 7 years; we calculate salaries and provide payroll services to large international companies.