Salary Service Bureau
Our firm offers a payroll service bureau for salaried employees and executives, ensuring complete confidentiality in salary management. This service is provided through our extensive and professional bookkeeping department, which offers outsourced services to hundreds of clients employing thousands of workers in total. These clients benefit from a payroll service bureau that handles the production of monthly payslips, annual reports, Form 106 for each employee, bi-annual Form 126 submissions to the National Insurance Institute, and annual Form 126 submissions to the Income Tax Authority and the National Insurance Institute, as required by these institutions.
As part of this service, our bookkeeping department produces payslips, assists with payroll calculations, translates working hours according to the required standards, and reports payroll data based on employment scope. It ensures compliance with various payroll aspects, including social laws, National Insurance regulations, and the Wage Protection Law. This service is continuously supported by legal advisors specializing in labor law.
Even companies with large and well-established internal accounting departments use our payroll services for various reasons, primarily to maintain confidentiality and keep salary details outside the company. This is particularly important for executive salaries, which management seeks to keep confidential from other employees.
At Michael Weizman & Co. – Consultants and Certified Public Accountants, our certified payroll accountants manage payroll services for large organizations with professionalism and discretion.
An accountant from our firm will be happy to assist you with this service. Contact us today for a no-obligation consultation.