PAYROLL SERVICE

Payroll Service

Payroll can be prepared by in-house human resources within a company, or it can be outsourced to a payroll service provider. Many businesses have discovered that outsourcing payroll to a professional service actually saves the company time and money. This is very true especially foreign companies set up an office in Hong Kong, but they might not have a human resource team to handle payroll operations in Hong Kong.

Being a foreign company only sends a few expatriates to Hong Kong, it is not worth to spend an in-house staff to get to know the payroll/HR system in Hong Kong.

Engaging an outsourced payroll provider will definitely save time, money and bring accuracy in place. More important, the expatriates will be paid on time in Hong Kong.

Prism can provide payroll services as follows:

  1. Prepare monthly payroll record for head office approval

  2. Prepare monthly payroll autopay banking services

  3. Prepare monthly MPF enrollment and payment under Mandatory Provident Fund Schemes Ordinance (Cap 485)

  4. Prepare annual filing of Employer's Return of Remuneration & Pensions Form 56A and 56B employer tax

  5. Prepare the filing of Form 56F to report the employee's salary up to the date of termination/resignation to IRD when the employee resigns or is terminated.