client, they might have their own legal team and have their own specialists to do this, but a lot of our clients do come to us, and even a large client that I’m managing comes to us and asks for assistance in registering in a particular country. Then we need to set up a payroll in the country. We examine staffing restrictions in countries, such as restrictions on who can be directors of the company, because in some countries, you have to be a local resident. Then, we help them navigate through what they need to do to run a successful payroll in that country. We spend time assisting them if there are any statutory audits. Not surprisingly, we’ve seen an increase in statutory audits because every single government in the world is looking for funds. It’s much easier for governments to implement some sort of tax or additional surcharge through payroll because of two things: one, the government knows that payroll is paid every single month and so they can get a steady cash flow. And number two, they know that payroll professionals are very accurate, meticulous, and that they’ll get the work done.
It’s much easier for governments to implement some sort of tax or additional surcharge through payroll because of two things: one, the government knows that payroll is paid every single month and so they can get a steady cash flow. And number two, they know that payroll professionals are very accurate, meticulous, and that they’ll get the work done.
Linked to that, governments realize that if they do an audit of a company and they find that legislation hasn’t been applied correctly, it’s also another easy and nice way to get extra funds, because they can charge penalties, which can be 100% on top of what was underpaid. In my role, I try to be very vendor- agnostic. So, I just provide a
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ISSUE 20 GLOBAL PAYROLL MAGAZINE
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