Company incorporation is necessary before setting up of Israel Payroll. It could take weeks or months to have a company set up in Israel. This can be time-consuming, therefore, NNRoad can help eliminate it through Outsourcing Israel Payroll. We at NNRoad; understand your payroll requirement and provide cost-effective payroll solution. We take care of all HR operations and also look after standard deductions which include Social Security, National Insurance, and Income Tax so that you can focus on core business activities.
- Registering and de-registering the necessary company and personnel information for payroll calculation in compliance with local rules.
- Registering all local employees with the social security board, if required.
- Calculation of gross salary, salary deductions, such as social insurances, unpaid leaves, etc., and net salary based on information provided by the Company including irregular payments such as incentive/bonus, allowance, etc. if applicable.
- Assist with Insurance issues, as required.
- Pro-rata calculation for people who join/resign.
- Providing a monthly payroll summary to the Company.
- The monthly issue of electronic pay-slips.
- Prepare annual payroll related reconciliation report.