Payroll and Social Security Advisory
Accurate, sustainable and legally compliant management of labor costs, payroll calculations and social security obligations.
Scope
Service Scope
Payroll calculation reviews
Payroll processes are reviewed to verify the correct calculation of wages, overtime, fringe benefits, bonuses, deductions and incentives.
Social security compliance advisory
Compliance with legislation is assessed for recruitment, termination, monthly contribution declarations and social insurance practices.
Incentives and employment support
Social security incentives and employment support schemes available to the company are analyzed and eligibility is reviewed.
Labor cost analysis
Gross-to-net salary structures, fringe benefit costs and employer contributions are reported from a financial planning perspective.
Payroll process risks
Operational risks involving incomplete reporting, incorrect contribution days, inaccurate tax bases, overtime and fringe benefit practices are identified and mitigated.
Deliverables
Deliverables and References
Payroll compliance report
A report containing findings and assessments regarding payroll calculations and reporting processes.
Social security risk analysis
Risk assessment covering contributions, contribution days, document types, incentives and social insurance transactions.
Incentive eligibility assessment
Analysis of the utilization of current and potential social security incentives.
Labor cost report
Management-oriented presentation of employee costs, benefits and employer contributions.
Process improvement recommendations
Recommendations to reduce error risks and strengthen controls in payroll operations.
Our Process
How We Work
Data and process review
Personnel records, payroll parameters, social security filings and fringe benefit practices are analyzed.
Regulatory compliance review
Payroll and social security transactions are assessed against applicable labor, social security and tax regulations.
Calculation and risk analysis
Payroll calculations, incentive utilization and filing compliance are tested through sampling or comprehensive reviews.
Reporting and action plan
Identified risks, corrective recommendations and process improvement steps are shared with management.
Industries
Advisory That Understands Your Industry
Our specialists understand the tax, audit and operational needs of each industry.
Related Specialists
Specialists Working with This Service
Raising the bar
in advisory and audit.
We are a strategic partner to more than 700 organisations, delivering practical, tailored solutions to international standards.
Find Out More About Payroll and Social Security Advisory
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