As we pointed out in the first part of this guide to benefits in the UK, the question of What benefits should I be offering to attract and retain employees?" is top of mind to many employers across the world. We teamed up with Ben, a UK-base benefits provider to give you the answer when … Continue reading A Guide to Benefits in the UK: Taxation
A constant question on every employer’s mind is “What benefits should I be offering to attract and retain employees?”. This is no less a relevant question right now, with all the uncertainty in the world. With the advice in the UK continuing to be for everyone who can to work from home, professional and personal … Continue reading A guide to benefits in the UK
There are many reasons why a company may consider outsourcing payroll operations. Deciding whether it makes sense in the first place and what type of setup and partner are right for the situation requires the evaluation of a lot of pros and cons. Throughout my career, I have had to make these payroll outsourcing decisions … Continue reading When and how to outsource payroll
When the Covid19 pandemic hit us, most knowledge workers became suddenly remote. Whether they liked it or not, they had to stay home and set up some sort of a functioning space where they could do as much uninterrupted work as humanly possible, given the circumstances. I was no different. I swapped my 15-minute cycle … Continue reading How to continue employing people who want to move to another country
An extensive guide on how benefits in kind tax works around the world, when employees are exempted from it, how companies can offset it, and how to file benefit in kind taxes accurately for your employees.
When I first moved from running Italian payroll to being responsible for international payroll in multiple countries, I remember being surprised by how complex being compliant with many different regulations was. It was challenging to ensure employees’ net salaries were impacted consistently across different countries. This was particularly the case with benefits in kind (vs general benefits) as they are treated differently across the board.
While the rise of mature tooling and services have enabled companies to more easily collaborate and create value with distributed teams than ever before, a legal and compliant remote work setup needs much more than great communication tools. We have already shared what are some of the employment challenges with remote workers and why hiring them as independent contractors is a bad idea in the long term. The only viable long term solution is legally employing them and establishing international payroll processes. In this post, we offer an 8-step “Do-It-Yourself” guide to setting up international payroll operations for your company.
Irrespective of where in the world it's done, payroll is the process and system by which a company pays its employees, pay period in and pay period out. It involves keeping employee financial records, calculating their paycheck taking wages, taxes, tax credits, allowances, and benefits-in-kind into consideration, and issuing those paychecks. Regardless of where the company or its employees are based, every employee must receive the accurate pay (and payslip) with all withholdings and deductions submitted to the local tax authorities. Here is what you need to understand about international payroll