RS From problem to solution Outsourcing services for Russian and foreign businesses

Outsourcing services for Russian and foreign businesses

September 2013

Fotobank www.lori.ru
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Much has been said about the advantages of outsourcing, and it is a service that can be of particular use for those just starting out in business. Many of the problems that arise when a business is getting going can be solved by good outsourcing. The audit company ICLC has provided outsourcing services for both Russian and foreign companies for over 10 years. ICLC provides the following services in this field:

Accountancy and tax returns:

  • general accountancy services or accountancy for specific areas of activity, and the provision of accountancy (or financial) reports in accordance with the Russian Accounting Standards;
  • accountancy and the provision of accountancy (or financial) reports in accordance with the International Standards for Financial Reporting;
  • the supply of specific reports in accordance with the ISFR requirements;
  • the provision of tax declarations for all taxes paid by organizations;
  • the provision of accountancy (or financial) reports and tax declarations based on report registers compiled by the customer;
  • management and the provision of internal (management or corporate) reporting for members/shareholders in the approved form.

Salary calculations:

  • calculation of salaries for the customer's employees, with payment dates and frequency set out by the customer;
  • deduction of individual income tax and insurance contributions from payments made to employees;
  • calculation of holiday pay and compensation for unused holiday;
  • calculation of benefits, including payments for temporary inability to work and payments made to employees with children;
  • calculation of holiday pay and other payments set out in the RF legislation when an employee leaves the company;
  • maintenance of registers recording salary payments and other payments to employees, and registers for tax deductions and dues on the payments stated;
  • provision of quarterly and annual reports on taxes and fees deducted from payments made to employees;
  • of data about personalized reports to the RF Pension Fund.

Maintenance of workforce reports:

  • preparation of human resources records and documentation ;
  • maintenance and storage of employment booklets for the staff of client companies;
  • development of local regulatory acts, including the rules for internal distribution of labour, the provisions on employees' personal data, mobile communication, business trips, trade secrets etc.;
  • preparation of draft employment agreements;
  • provision of documents at the request of staff regarding their activity (evidence of place of work, evidence of number of years in employment, etc.);
  • of the other documents set out in the rules and practice of human resources operations.
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