Preparing a correct payroll requires accuracy, care and an understanding of employment law, legislation and tax regulations, collective agreements and individual employment contract provisions.
In order to prepare a payroll statement concerning wages, it is necessary to evaluate the working hours recorded for the payroll period for each employee, taking into account any overtime, holidays, sick days, etc. that may have accrued. In order to arrive at the gross salary, any additional time for which the employee is eligible, such as weekend or holiday work, as well as bonuses, special payments and commissions, must be taken into account. In a salary statement, the gross salary is calculated on the basis of the remuneration agreed in the employment contract. Any bonuses, commissions and individual agreements must also be taken into account.
To calculate net pay, taxes, social security, health insurance, pension insurance and other statutory contributions, as well as voluntary deductions (contributions to company pension schemes or trade union dues) must be calculated and deducted.
In the final step, a detailed payroll document is created, containing all relevant information such as gross wage/salary, deductions, net wage/salary, payroll period and tax information. If required, the payroll document can be supplemented with additional information, such as the display of total, taken and remaining leave days.
FPA also manages staff data maintenance in the requested system for its clients. We submit necessary official notifications such as employment certificates to employment offices, the social security fund for artists, levy for severely disabled individuals, statistical notifications, and remuneration notices. Additionally, we handle employee registration and deregistration with their respective health insurance funds, and answer any employee queries.