Payroll
Payroll service gives peace of mind
Payroll service is a seamless process that plays a vital role in running a business and ensuring employee satisfaction. The payroll service is based on the law, which is subject to change at any time. As salaries and wages depend on different laws, such as tax and labour laws, you need to keep an eye on any news and updates in this area to ensure a correct payroll service.
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Why to choose Grow for the payroll service?
Choosing an external partner for the payroll service means you can always use up-to-date and modern payroll software, be assured of a timely and accurate service, lawful processing of personal data, data confidentiality and a service that is based on the law.
Being accountable with changes in payroll
Payroll accounting is one of the most complex accounting processes, as it involves not only various changes in law and process updates, but also different types of remuneration, which you need to keep up to date with.
Professional payroll software
We use different software such as Navision(Palk365), Directo, SAF, Merit Palk, Scala, Taavi, Persoona etc. The final choice is made on the basis of the client’s requests and needs.
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What processes are involved in Grow’s payroll service?
In addition to calculating salaries and wages and keeping an eye on legal amendments, the payroll service consists of various processes, such as:
- Monthly payroll accounting and calculation of additional pay, bonuses and final settlements;
- Sending pay slips to employees;
- Registration of employees with the Estonian Tax and Customs Board;
- Preparation of third pillar contributions;
- Calculation of holiday pay and various benefits and allowances;
- Calculation and monitoring of holiday balances;
- Inspection of working time schedules;
- Preparation and submission of reports;
- Professional payroll software;
- Preparation of employment contracts;
- Advising on issues related to taxation and human resources.
