Accounting and Legal Solutions for Business in Russia Emerging Markets Group takes the risk out of accounting. Our clients are 100% ensured against fines or penalties being levied against them by the Russian tax authorities arising from our mistakes. Never have any of our clients incurred financial loss due to inadequate book keeping services. In brief, we bare the risk so you don’t have to!
Regardless of the size of your organization, Payroll and Human resource functions and documentation are often checked by the Russian Labor Authorities. Since our inception, many of St. Petersburg’s leading companies have entrusted us to make sure that their staff were paid properly. Our mythological approach, specialized know – how and experience makes outsourcing not economical, but it also helps to keep salary information confidential.
Professional responsibility of EMG is insured by ROSNO, and EMG is financially responsible for all penalties associated with errors in the calculation of salaries and taxes and assessed from the salaries, violation of the terms of reporting to state tax authorities and foundations.
Our Payroll Solutions Ensure:
Correct and timely payments of salaries to each employee in accordance with Russian Tax and Labor legislation
Proper and timely payments to the budget and extra budgetary funds for taxes and contributions from the salary in accordance with Russian law;
Proper and timely reporting to public authorities and foundations in accordance with Russian legislation
Proper reflection of labor costs in the accounting in accordance with Russian accounting Regulations and the accounting policies of the company
Ensuring the security and confidentiality of employee personal data
Our advanced expertise in salary processing allows us to efficiently and effectively:
Calculation wages and reimbursements for sick days, vacation days and the other compensations to employees
Prepare payment register and personal information lists for each employee
Prepare payment orders for employee reimbursements
Calculate taxes and payments to the State in relation to employee reimbursements including Social Insurance Fund and Personal Income tax obligations
Prepare quarterly Social Tax reports to: the Social Insurance Fund, the Pension Insurance Fund and the State Tax Bodies
Prepare obligatory reports to the Pension Insurance Fund for individual pension insurance information
Prepare obligatory annual report for Personal Income Tax to the Local Tax Authorities (including certificates NDFL-2 for employees)
Prepare annual average numbers of employees report to the Local Tax Authorities
Properly managing the human recourses of your company is one of the most intimate functions that any outsourced service provider may perform. We intuitively understand the significance of this role and the need to immediately react to internal changes. We therefore make it a point to be able quickly provide you with:
represent the interests of the client and assist client with tax audits and audits of public funds for taxes and contributions on wages, including regular presence of our staff in conducting inspections
Carrying out checking accounts with budgets estimated
Providing consultations on tax, calculation and accounting issues and contributions from the salaries
Preparation and submission to state authorities statistical report (unified form of P-4)
Develop, prepare and submit any management accounts of the salaries
Assistance in signing a contract with an insurance company to arrange registration, receipt, exchange and refund policies of obligatory medical insurance for employees
Organization of formulation, production, exchange and return of certificates of pension insurance for employees
EMG Payroll Solutions can be provided separately or in conjunction with other accounting services.
