Quanzhou payroll service is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Payroll plays a major role in a company for several reasons.
In an increasingly competitive market for skilled labor, foreign-invested companies are restructuring their salary packages as a means of hiring and retaining quality staff. In this exposition, we outline the fundamental components of salary in China and introduce some of the structures being used by companies to increase retention and motivation levels in their staff. We also introduce the relatively new concept of outsourcing of payroll management services in China – a business that is becoming more popular as the operations of foreign invested enterprises in China become more diversified and complex.
Payroll Processing
1. Manage multiple pay groups and pay schedules for clients’ various business entities;
2. Calculate gross and net pay, individual income tax, and social benefits;
3. Perform quality control check - itemized payroll processing;
4. Submit itemized payroll reports for clients’ confirmation.
Individual Income Tax Administration
1. Deduct and pay individual income tax to designated government agencies for employees
2. Handle individual income tax filings in compliance with government regulations.
Salary Payment
1. Deliver printed, online, or mobile phone pay slips for employees
2. Transfer net pay electronically to employees’ bank accounts
Management Reports
Tannet provides standard management reports that comply with local labor laws and regulations - and help employers to better manage their payroll-related business functions.
Tannet’s payroll service in Quanzhou
Tannet’s professionals provide you with the ability to manage every key aspect of payroll - from payroll processing, salary payment to individual income tax deduction.
Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
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