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Payroll Calculation Services in Malta

Payroll Services in Malta

Any employer must correctly and accurately calculate and charge his employees’ wages. This somewhat troublesome process requires knowledge of taxes and mandatory fees. To do this efficiently, you need to entrust the calculation of wages to professional payroll services with knowledge of Maltese legislation and the nuances of accounting. You can always order an FCHAIN accountant’s consultation if your accountant has difficulties.

Payroll Process

Calculating the salary of any company’s staff requires a lot of knowledge and experience. Your business bears legal and financial consequences for any minor mistakes. Therefore, you should use FCHAIN professional assistance to improve your company’s payroll process and take responsibility for the work done.

How to Deal with Payroll System?

Simply put, a payroll system is an automated service that helps you keep records at the enterprise, aggregate financial data, and store them for subsequent reports. According to the scale and complexity of accounting, payroll systems can be divided into several conventional classes: personal, small, and medium-sized enterprises and systems for large organizations.

FCHAIN provides the payroll services of calculating wages by qualified specialists and will help you understand payroll systems.

Outsourcing of Payroll Services in Malta

How much time do you spend every month on the operation of calculating salaries for employees?

We can relieve you of this burden by taking on all the responsibilities for calculating wages, taxes, and other mandatory payments. Thus, you will free up time to focus on solving the primary tasks of your business.

The payroll outsourcing Malta service includes:

  • Calculation of wages and tax payments.
  • Enumeration of salary.
  • Preparation of reports.
  • Submission of reports to the tax service.

Who Will Benefit from Maltese Payroll Services?

We work with small, medium, and extensive business companies. The Maltese Payroll salary calculation service is required for the following:

  • Legal entities of any form of activity.
  • Private entrepreneurs, regardless of the form of taxation.

Our company’s clients are companies and entrepreneurs working in various fields.

Payroll Advisors Assistance

It is possible to consult an accountant on salary orally or in writing, considering all the data provided by our clients. Thanks to our service – an online payroll advisor, you can get advice on Maltese legislation and accounting issues from the comfort of your home or office.

Payroll Management

Payroll outsourcing Malta is the most in-demand service for businesses with employees. The company payroll management includes:

  • Calculate wages twice a month.
  • Make 4 bank transactions to calculate the salary for one employee and pay it;
  • When calculating the salary of a specific employee, it is necessary to monitor the observance of 11 minimum guarantees in the payment of labor established by the legislation;
  • Sick leave is regulated under the Wage Regulation Order (WRO). When the WRO does not cover an employee, the sick leave entitlement is two weeks per year.
  • Overtime is regulated by the WRO, which outlines different overtime rules by industry. If the WRO does not cover an employee, overtime is calculated at 150.00% of the regular pay rate.

What  We Do for Payroll Reporting and Compliance

We calculate the salary:

  • We calculate the salary, vacation, sick leave, compensation, and taxes.
  • We submit reports after payment: pay taxes, and send information to the employment center and social funds.
  • We provide payroll consultancy services.

That is, you receive a completely ready set of documentation – from the employee’s registration to the reporting of salary payments.

Consultation

Write to us or find the nearest office