Payroll Processing and Payroll-related Statutory Filing Services

  • Payroll accounting and calculating the associated taxes and deductions are among the most complex regulated procedures in Russian fiscal and tax accounting. Efficient, precise calculations and maintaining confidentiality of information are extremely important for effective HR management and management of the company as a whole.

    This is why calculating and paying salaries is the most typical example of outsourcing business functions to specialized companies. Payroll Accounting Outsourcing is an affective solution for Small Business and Start-ups.

    Detailed business procedures and routine operations, in-house programming and technical services, a corporate evaluation and professional upgrading program, in-depth knowledge of Russian and international business cultures, and professional liability insurance create a solid base for cooperation and give our clients confidence in the services we offer.

    The following services and operations constitute the scope of the Payroll Processing services:
    1. Payroll calculation for Client’s employees, including the calculation of all payroll taxes and contributions to State Social Funds, and reporting documents based on the above calculations
    2. Calculation of settlements under civil-law contracts entered into by Client and physical persons
    3. Calculation of statutory sick leave payments, statutory vacation payments, compensation for unused leave time at dismissal/resignation, severance pay and other compensatory payments provided for under Russian Federation Law
    4. Preparation of statutory reporting forms to State Tax Inspectorate, Social Insurance Fund and Pension Fund, including personal reports
    5. Preparation of the individual pay slips
    6. Preparation of payroll earnings register with breakdown by analytical categories specified by the Client pursuant to Client’s accounting policies
    7. Preparation of consolidated report of payroll-related taxes and contributions with current month’s and year-to-date cumulative figures
    8. Preparation of bank wire instructions for the remittance of the employee net pay as well as payroll-related taxes and social contributions
    9. Submission of statutory reports to respective State Authorities as additional service
 

To get more information, please contact the Avenir Resources company at (+7 495) 980-7606 or send an e-mail request to: