Hassle-Free Business & Legal Efficiencies
Monthly Payroll Activities
♦ Pre-payroll process.
♦ Update employee addition and termination.
♦ Update all staff movement e.g. transfer, promotion, salary increment, etc.
♦ Consolidate the payment request from various departmental units e.g. production bonus, site allowance, incentive bonus and meal allowance, etc.
♦ Calculate leave and overtime related adjustments.
♦ Compute the MPF contributions.
♦ Prepare payroll reports.
♦ Obtain approvals from authorized Company representatives on monthly payroll.
♦ Generate monthly payroll data and submit to bank.
♦ Submit the monthly MPF contributions to the regulatory body.
♦ Generate and distribute monthly payments slips to employees.
♦ Calculate final payment for terminated employees.
♦ Generate appropriate tax forms to IRD e.g. IR56F or IR56G.
♦ Prepare the Notice of Termination (for MPF) to the regulatory body.
♦ Issue cheque payment for final payment and MPF contributions.
Annual Tax Return
♦ Prepare tax return forms (IR56B) to IRD.
♦ Adjust taxable income based on any Tax Efficient Plan Policy e.g. Housing Benefit Scheme.
The annual retainer fee in respect of these services is payable on a per annum and per appointment basis. Services that are covered by the annual retainer fee are:
♦ Preparing documents in relation to:
◊ Change of director(s)/secretary.
◊ Change of registered office address.
◊ Maintaining a record of members.
◊ Standard resolutions.
For small and expanding businesses who do not need full time HR staff, the Zzzzip team can act as an outsourced HR department. Zzzzip can also support established HR functions in companies wishing, or needing, to create efficiencies whilst improving service levels and saving costs.
♦ Contract and data management.
♦ Joiner and leaver administration.
♦ Annual, sick and other leave management.
♦ Benefits administration.
♦ HR documentation and compliance.
♦ Vendor management.
♦ Recruitment Administration.
Zzzzip works closely with our immigration partner – The Hong Kong Visa Centre who provide the most comprehensive visa and work permit solutions in the market.