Payroll

An accurate payroll system that works in accordance with applicable local tax and labor laws demands not only extended financial and human resources, but also employees with professional skills in a narrow and highly specialized field of knowledge. The effective solution is to outsource payroll processing. InterComp provides payroll services to multinational and regional companies of different size and fields since 1994.

InterComp payroll outsourcing. Give your business an edge:

• Business efficiency by concentrating your company’s resources on its core business
  Your HR department will be able to focus on strategic goals such as coordinating staff motivation programs with the company’s business strategy, developing specialized training for talented employees and securing their loyalty through planned career promotion.  

• Access to the accumulated knowledge and methodological base of an outsourcer
  InterComp accumulated unparalleled experience in payroll processing. InterComp constantly builds on its cumulative methodological experience, keeping track of relevant changes in legislation, conducting regular personnel examinations, and organizing in-house training and professional upgrading for our staff.

• Flexible control over headcount 
  When a company grows, reorganizes, or is targeted for a merger or acquisition, payroll outsourcing eliminates the need to employ, train and motivate a new group of accounting specialists.

• Improved quality of operations
  Outsourcing improves the accuracy of payroll processing and ensures prompt responses to employee requests. InterComp bears complete responsibility for the quality and timeliness of your payroll processing.

• Better control and transparency
  Outsourced business processes are strictly regulated and documented. Both parties’ liabilities are agreed upon in advance and allocation of duties is outlined in the contract. You execute a binding agreement with a legal entity, safeguarding you against the risk of the “human factor”.

• Strict confidentiality of information
  After signing a contract with InterComp, you can rest assured that your employees’ payroll information will be reliably protected. Confidentiality of information is guaranteed by the special article of InterComp’s standard contract and can execute a dedicated confidentiality agreement upon request. All staff members of InterComp sign a Confidentiality Agreement before they are hired. Transactions that involve confidential information are always carried out by  the very  InterComp specialist who was initially assigned to service your company.

What InterComp offers:

Core payroll services

• payroll and income tax calculation, preparation of regulatory reports and documents;
• calculation of remuneration under civil law contracts signed with individuals;
• calculation of payments for sickness, vacation, unpaid vacation, terminations, severance pay and other remuneration provided by the local legislation;
• calculation of payments to employees in accordance with established algorithms;
• preparation of obligatory tax and state reports on salaries;
• preparation of individual settlement lists;
• preparation of reports based on analytical characteristics determined by the accounting policy;
• preparation of detailed reports on remuneration, vacation compensation, sickness remuneration;
• preparation of tax reports related to staff and employees salaries with cumulative information from the beginning of the reporting period;
• preparation of documents for income payment as well as payment of taxes and duties;
• preparation of managerial reports on salaries and taxes in the requested format.

InterComp offers two options for your payroll processing. Choose what best fits your company’s needs:

• register and change employee personal data, as well as any other information necessary for payroll directly  via a Web interface;
• or the old - fashioned way - physically give us the original documents and cumulative payroll data and leave the rest to us. 

Preparing your switch to outsourcing

InterComp analyses your company’s existing payroll system and develops recommendations for its unification and optimization. Some crucial stages of preparing to switch to outsourcing include: adapting InterComp’s accrual and deduction libraries for the client, processing and uploading essential payroll data, testing calculations and user training. In certain cases we may need to implement a chronological reconciliation of payroll performed by the client prior to providing our services.

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