With the end of the year fast approaching, one of the goals of any company is to ensure that its employees pay the right amount of taxes to the Bureau of Internal Revenue (BIR) – not a single cent over or under. This is to avoid the hassle of having to issue tax refunds, or
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Top HR Trends During the Pandemic
Uncertainty. Widespread danger. Mandatory masks. Social distancing. Remote work. Lay-offs and furloughs. – COVID-19 is re-architecting every aspect of our lives in a way that no predictions or analyses could have imagined last year. The HR industry didn’t have the luxury of being excluded from these unprecedented changes. As the pandemic started to stall the
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APEC Holiday Pay Rules for November 18 and 19 2015
Pay Rules for APEC Holidays on November 18 and November 19, 2015 Malacañang declared a special non-working holiday for workers in the private sector in the National Capital Region on November 18 and 19, 2015. In the meantime, classes were cancelled from Nov. 17 to 20. This is to ease traffic for the Asia-Pacific Economic Cooperation
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Benefits of a Payroll System Part 2
What are the other benefits of using a Payroll System? Accountability and Audit-Tracking The second benefit to using a Payroll System is Accountability and Audit Tracking. Imagine – an employee was mistakenly paid for 20 hours of overtime, only to find out that the overtime was not approved in the first place. Or someone’s salary
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The Benefits of using a Payroll System
Reaping the Benefits of using a good Payroll System or Why you need to invest in a good Payroll System All companies start out small. With just a handful of employees, it can still be manageable to handle your payroll manually using Excel or your favorite spreadsheet program. But what happens when your company starts
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Payroll Tax Annualization
What is Payroll Tax Annualization? This is when an employee’s payroll for the entire year is consolidated and used to calculate for the withholding tax for the year, to find out the remaining tax (or tax refund) that should be paid by the employee. Normally, you want to do this starting in October. So
