Payroll is the sum total of all compensation a business must pay to its employees for a set period of time or on a given date. It is usually managed by the accounting department of a business; small-business payrolls may be handled directly by the business owner or an associate. Payroll can also refer to the list of employees of a business and the amount of compensation due to each of them. It is a major expense for most businesses and is almost always deductible as such. Payroll can differ from one pay period to another due to overtime, sick pay and other variables.
Payroll is a basic necessity for any business – you have to pay your employees, make the correct deductions and file taxes. However, most of the business owner are not aware of their responsibility under Malaysia rules and regulations. Some of the common rules and regulations that employers need to comply during payroll computation are:
Workman’s Compensation Act 1952
Children and Young Persons (Employment) Act 1966
Factories and Machinery Act 1967
Employment (Restriction) Act 1968
Employee Social Security Act 1969
Employee Social Security General Rules 1971
Employees Provident Fund Act 1991
Occupational Safety and Health Act 1994
Income Tax (Deduction from Remuneration) Rules 1994
Employment Act 1995
Human Resources Development Act 2001
Minimum Retirement Act 2012
Minimum Wages Order 2016
Employment Insurance System Bill 2017
What We Can Help You?
Payroll can be a real headache for every size of business from one man or woman bands through to large companies. Just because you only have a few employees doesn’t mean that you’ll find payroll simple.
Staying up to date with ever-changing payroll legislation can be a real challenge, but you don’t have to work that way. When you choose to outsource your payroll to us, you can rest assured that your payroll is in safe hands.
We will provide you with assistance regarding Malaysia laws and regulations as well as payment facilities. When you choose to work with us, you can rest assured that you are working within the Malaysia regulations.
Our professional staff will assist our clients with:
The preparation and submission of all forms and returns on a timely basis.
The computation of payroll whilst ensuring all necessary deductions have been deducted.
Pass the payroll information to person in charge of business account.
Advice on the rules and regulations update related to payroll.
Sorry, Currently No Video Uploaded.
Sorry, Currently No File Uploaded.
Please Leave Your Product Enquiry Here. We will Get Back To You Soon.