THE BDO PAYROLL SOLUTION

Transcription

1 PAYROLL SERVICES

2 2 THE BDO PAYROLL SOLUTION Many businesses experience difficulty in achieving a consistent payroll function for their local operations or across multiple countries. BDO s team of outsourcing payroll specialists work with a broad range of businesses based in Australia and overseas, attending to the reporting and compliance requirements of all stakeholders. BDO, being a professional services firm, offers an end-to-end payroll service to include all aspects of Australian payroll from the gross-to-net calculations through to the often complex intricacies of Australian payroll compliance. In addition to the standard payroll offerings, BDO can add value to your payroll process by way of attendance to any of the following matters: PAYROLL PROCESSING SERVICES EMPLOYER COMPLIANCE SERVICES SALARY PACKAGING, REWARD & REMUNERATION SERVICES EXPATRIATE & MOBILITY SERVICES MIGRATION SERVICES HUMAN RESOURCES (HR) CONSULTING CENTRALISED COORDINATION SERVICES ABOUT BDO

3 3 PAYROLL PROCESSING SERVICES BDO has a dedicated team of payroll clerks in place to deliver an efficient and accurate payroll service to your business. Our processing services encompass: Gross to net and net to gross calculations Variable pay elements and employer specific deductions Shadow payroll Superannuation calculations including capping Single Touch Payroll (STP) compliance Full employee self service (ESS) functionality Leave management and timesheets Expense claim management Provision of payslips through ESS Attendance to employee queries Time and attendance module to manage Workplace Agreements and Awards Payment and treasury service Tailored reporting to include cost centres, locations, divisions General ledger output. EMPLOYEES MANAGERS BDO Leave Applications & Approval Payroll Changes Payroll Data Capture State and Federal Payroll Taxes Leave Management Banking BDO PAYROLL PORTALS Pay Slips & Payment Summaries Document Management BDO PAYROLL ENGINE ATO & Regulators Payroll Processing Year End Processing Document Management EBA s & Awards Superannuation Cleaning House Time & Attendance Employee Personal Details Third Party Payments Payroll Journals & GL Output Gross to Net Calculations Finance & HR Teams

4 4 EMPLOYER COMPLIANCE SERVICES BDO facilitates a range of employer compliance services to minimise risks to your business: Periodic and annual reporting of PAYG withholding, encompassing regulators and employees State based payroll taxes, including addressing grouping and contractor requirements Superannuation lodgements and SuperStream compliance State based workers compensation insurance applications and renewals Employee share scheme creation, calculations, advice and reporting Fringe Benefits Tax (FBT) calculations and compliance.

5 5 SALARY PACKAGING, REWARD & REMUNERATION SERVICES BDO s reward and remuneration services assists organisations achieve an appropriate return on every remuneration dollar they spend. Getting remuneration and rewards right for your organisation can mean the difference between capturing the right people (and keeping them) or spending too much of your time and resources in a continuing talent search. BDO provides the critical thinking behind what creates a business driven remuneration and reward solution to suit your organisation. This includes issues such as: Reward strategy, policies and procedures Executive and Board remuneration strategies Remuneration system development Short and long term incentive design Benchmarking and alignment Productivity modelling and surveys Job and competency design and evaluation Employee share schemes Working with BDO gives you access to thought leadership, in-depth expertise, market knowledge and insight, as well as our established market remuneration databases, tools and frameworks.

6 6 EXPATRIATE & MOBILITY SERVICES Extended business trips, short and long term assignments and transfers between States and countries bring added complexities for employers. BDO s expatriate and mobility specialists understand these challenges and are committed to providing you with effective solutions that are tailored to your circumstances. BDO s extensive experience and practical, timely advice includes the following services: Structuring remuneration packages, including consideration of tax concessions for relocation and living away from home benefits Arranging personal consultations with employees to understand and explain their personal position Preparing assignment cost projections to assist you with budgeting and planning Drafting international assignment tax policies and associated calculations (including hypothetical tax and tax equalisation calculations) Attending to tax returns and compliance requirements in home and host jurisdictions for both employer and employee Advising on international social security, superannuation and pension contributions Advising on cross border employee share scheme issues.

7 7 MIGRATION SERVICES BDO Migration Services is an incorporated immigration legal practice which specialises in all aspects of immigration and nationality law with particular focus on employer sponsored temporary and permanent entry visas. We provide strategic, expert and practical advice and business solutions in visa and related matters. As market leaders, we keep abreast of the law and policy. Business skills visas and Business Innovation and Investments Program Managing compliance and risk. We secure temporary and permanent residence visas for personnel at executive, managerial, professional, technical and trade levels. BDO Migration Services provides comprehensive and seamless support to businesses and individuals with effective solutions that are tailored to your circumstances. We have market leading expertise across all visa categories including: 457 visa program including sponsorship by Australian and overseas businesses 457 visa sponsorship obligations, monitoring and sanctions Employer sponsored permanent entry and related advice Labour agreements Skilled migration visas

8 8 HUMAN RESOURCES (HR) CONSULTING BDO can partner with your organisation to provide support in the hiring, management and development of your most important asset your people. We have the expertise and experience to support your needs, from providing over the phone advice to hands-on support to assisting with strategic planning. This is a broad area of your business and we work with our clients to define their exact needs and we have highlighted some of the key areas with which we have been able to assist our clients. Virtual HR Career & Personal Development Culture & Brand Change Management Design Thinking Communication Organisation Design Our virtual HR option allows you to have the benefits of a HR department without the overheads and ongoing costs. We can tailor a solution to meet your needs, whether it is ad-hoc phone support or a regular onsite presence and implementation of HR policies, processes and systems. Coaching for leaders to heighten their self-awareness and support their development. Succession planning and management. Defining what your business stands for and making it known and felt throughout your business. Effectively implementing changes from a new organisation structure to an IT system. Ensuring your employees are engaged through the journey. Using creativity and curiosity to encourage lateral thinking and support decision making, providing workforce analytics and insights. Helping leaders to unearth their ideas and communicate them with impact. Understanding your business needs to design and implement the most effective structure.

9 9 CENTRALISED COORDINATION SERVICES LOCATIONS AND CENTRAL STRUCTURE For our clients that have employees and operations across multiple countries or locations, BDO can also assist by adding a coordination layer for our payroll and other services. The key benefit our clients experience in relation to this service is having a single point of contact for all their needs. The diagram illustrates the BDO solution in relation to centralised coordination services. B D O P A Y R O L P R O CE S S F L O W LOCATION 1 LOCATION 2 LOCATION 3 BDO CENTRAL COORDINATION PLATFORM BDO LOCAL PAYROLL ENGINE BDO Central Coordination Input and Supporting Documents MANAGEMENT TOOL Full management set of tools: Workflow Task management Document library PAYROLL ENGINE 1 PAYROLL ENGINE 2 PAYROLL ENGINE 3 BDO CENTRAL COORDINATION PLATFORM Tailored Outputs MANAGEMENT TOOL epayslips Variance General Ledger OPTIONAL Global aggregator

10 10 ABOUT BDO BDO is one of the leading full service professional services firms in Australia and globally with offices in Adelaide, Brisbane, Cairns, Darwin, Hobart, Melbourne, Sydney and Perth, as well as 1,400 offices around the world, our national practice has 168 partners and over 1,400 staff. BDO has deep expertise in multiple specialist services specifically audits, taxation and advisory. The depth of our team provides reliablilty, technical expertise and global reach to match any other service provider. Our foundation of building close relationships with our clients allows us to be highly responsive and nimble to adapt to the ever changing needs of out clients. We have a unique blend of services, including corporate and international taxation, corporate finance and valuations, business consulting, internal audit, risk advisory, specialist IT assurance services, forensic as well as the more traditional audit services. The BDO team that will be managing and delivering the payroll services currently work with a wide range of local and international organisations doing business in Australia to provide payroll services among many others. We highlight below some of the key services with which we assist our clients: Corporate income tax compliance and advice Indirect tax compliance and advice - including goods and services tax (GST) and duties, among others Preparation of financial statements, as required by the organisation or legislation Corporate secretarial services to ensure compliance with our local corporate regulator, the Australian Securities and Investments Commission (ASIC) Local bookkeeping and management accounting our service in this regard can be tailored to include all elements from accounts payable and accounts receivable up to monthly or quarterly management reporting. CURRENT AS AT DECEMBER 2016

11 NEW SOUTH WALES NORTHERN TERRITORY QUEENSLAND SOUTH AUSTRALIA TASMANIA VICTORIA WESTERN AUSTRALIA Distinctively different it s how we see you AUDIT TAX ADVISORY This publication has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact the BDO member firms in Australia to discuss these matters in the context of your particular circumstances. BDO Australia Ltd and each BDO member firm in Australia, their partners and/or directors, employees and agents do not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it. BDO refers to one or more of the independent member firms of BDO International Ltd, a UK company limited by guarantee. Each BDO member firm in Australia is a separate legal entity and has no liability for another entity s acts and omissions. Liability limited by a scheme approved under Professional Standards Legislation other than for the acts or omissions of financial services licensees. BDO is the brand name for the BDO network and for each of the BDO member firms BDO Australia Ltd. All rights reserved.