Payroll Outsourcing Service

Payroll, from an accounting point of view, is fundamental for all companies and corporations, because it directly affects the company’s income and is subject to laws that cannot be overlooked.

The payroll service or payroll outsourcing, helps your company to be up to date in the payment of the payroll of its employees, the administration of news, as well as to guarantee a correct calculation of the social security benefits, avoiding fines and penalties for possible errors in the payroll.

In Contadores Dominicanos we take care of the payroll calculation in general of your company’s employees and the elaboration of leave reports before the TSS.

What does the payroll administration service consist of?

The service consists of the elaboration and calculation of payroll in general, complying with the laws and regulations to which it is subject in the Dominican Republic.

Advantages of payroll outsourcing:

By outsourcing this service, your company will reduce costs considerably, due to the fact that payroll processes involve a lot of time and resources.
You will save money by avoiding possible fines, penalties or withholdings for not paying your employees on time or not submitting the corresponding reports on time.
You will be able to focus on the success of your business, since by reducing these processes, employees will be able to concentrate on meeting the company’s objectives.

Our services include:

Accruals reporting.
Settlement of social security payments.
Calculation of labor benefits, calculation of employee vacations, calculation of bonuses.
Payroll update according to payment dates.
Administration of new developments.
Payroll preparation and sending for final approval.
Sending of payment slips to employees.
Generating and sending payment vouchers.
Calculation of employee benefits.
Commissions and Incentives.
Calculation of annual payments: vacations, bonuses and royalties, commissions and incentives, licenses and permits, legal deductions (ARS, AFP, income tax, Infotep).
Handling of new developments such as: departures, transfers, promotions, raises, changes in compensation, overtime, etc.