Our payroll processing services in BVI includes the following:
- Managing the confidential payroll process in compliance with the Payroll Taxes Act, 2004
- Preparing weekly, bi-weekly or monthly payrolls using our computerized payroll program
- Ensuring that all staff are receiving the correct wages and salaries at the correct time
- Crediting the payment amount to the employee’s bank accounts or ensuring that they receive payment
- Printing and maintaining in house files for the relevant monthly customized payroll reports
- Filing of the monthly government payroll tax and social security returns along with the requisite payments
- Filing the annual payroll tax and deemed employee returns
- Consultation on the establishment of a mandatory pension plan
- Other payroll service and general consultation, as required
- Manage bonuses and add ons for employees
- Ensure financial stability of employees through insurance and provident funds
We will ensure that your employees are paid the right amount at the right time. Also we can assist you in the development and implementation of appropriate compensation and benefits packages and performance management system.
We also make sure that all payroll processing activities are carried out in compliance with the local employment laws in the British Virgin Islands.