ALL-INCLUSIVE PAYROLL OUTSOURCING FOR FOREIGN BUSINESSES IN RUSSIA
Payroll for foreign businesses in Russia
Russian payroll is time-consuming and extremely error-prone in the absence of well-defined processes. Due to regular changes in legislation, in-house staff face many difficulties in calculating personal income tax and social contributions and consequently, in mandatory reporting.
If you already have an accounting department, you still have the opportunity to outsource payroll and personnel records.
We offer:
- Maintenance of personnel records
- Calculation and payment of wages
- Reporting to the Pension Fund, Social Insurance Fund and the tax authorities
Advantages include:
- Transparent and correct payment of wages and taxes (we apply the “four-eyes principle”)
- Monthly reconciliation with social funds and tax authorities
- Confidentiality: We never disclose information on wages unless legally required to do so.
Prices are per month, prepaid quarterly, and apply to companies with revenue <10,000 Euros per month.
For each additional 10,000 Euros of revenue: +249 Euros extra charge.
MINI
For Sole Proprietors
€299
- ✓ Accounting
- ✓ Payroll
- ✓ Customer service in English
NUMBERS
For LLCs
€499
- ✓ Accounting
- ✓ Payroll
- ✓ Customer service in English
XXL
For LLCs
€599
- ✓ Accounting
- ✓ Payroll
- ✓ Tax advice
- ✓ Power of attorney
- ✓ Standard contracts
- ✓ Customer service in English
ALL INCLUSIVE
For LLCs
€799
- ✓ Accounting
- ✓ Payroll
- ✓ Tax advice
- ✓ Powers of attorney
- ✓ Standard contracts
- ✓ Full legal service
- ✓ Customer service in English
Cost
Outsourcing reduces the cost of recruitment, supervision and full-time employment of highly qualified specialists.
Risk management
Unlike in-house employees, good outsourcing companies accept full financial responsibility for the quality of their work and are backed by professional liability insurance.
Focus
We are laser-focused on optimizing processes while you are free to concentrate on your core business.
Scalability
Outsourcing is easily scalable, meaning you can stay agile in terms of costs, time and infrastructure involved.
Legislation Research
Keeping track of the ever-changing rules of Russian legislation is crucial, but time-consuming for a small in-house team. We centralize this function, ensuring both efficiency and compliance.
Seniority
To ensure compliance you need a chief accountant, but less than 20% of tasks typically require one. Conversely, We distribute the workload more efficiently so clients benefit from the entire team, including the Chief, without the large cost.
Continuity
In-house employees can fall ill, go on maternity leave or resign at short notice. Dismissals can lead to disruptions. An outsourcing firm can easily reassign tasks internally and monitor the handover.
Incidental Cost
In addition to salaries and social contributions, in-house accountants require office space, supplies, computers and software. With all-inclusive outsourcing, one price covers everything.
Ease Of Cancellation
Laying off an in-house accountant can be costly (3+ monthly salaries) and difficult. A contract with an outsourcing firm can typically be canceled within 30 days and is hassle free.
Specialization
Specialization on narrow fields such as payroll reduces errors and time spent on research, but is often impossible at small in-house accounting departments.
Supervision
Smaller companies often lack the expertise to effectively supervise their accountants, leading to poor compliance with regulations or late pay for employees.
Hiring
Professional recruitment often costs 20% of the target’s annual salary. Industry professionals at accountancy firms excel at testing candidates’ technical knowledge.
Partial Outsourcing
To foster a successful relationship, businesses can tailor their outsourcing to their needs, such as outsourcing the payroll function. This ensures a smooth transition between existing processes and outsourcing which can grow according to its success.
Process Optimization
Accountancy firms streamline routine processes for maximum efficiency. Conversely, a small accounting department may find that the expenses involved in optimizing processes outweigh the potential gains.
Send us an e-mail at welcome@wagnerandexperts.com
or call us on +7 (499) 110-67-35.
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