Global Payroll Association (GPA) teamed up with SmugMug, ADP and Global Upside for this webinar where you will learn how to take a practical approach to global payroll accounting, tips and tricks, accruals, reporting and withholding obligations and how they differ from country to country. For more info contact us at info@globalupside.com
Strategic Solutions to Reduce Tax Burdens and Maximize Cash FlowBruce Jooste
Providing comprehensive tax strategies and models to businesses that once implemented typically reduce your tax burden by 20% to 40% on an annual basis.
Tax is a levy that is imposed by the government on a product, income or activity. There are several different types of tax that businesses may be required to pay including Income Tax and
Corporation Tax.
Original air date: Feb. 21, 2018
Recording available at http://www.mhmcpa.com
The tax reform bill was signed into law on Dec. 22, 2017, bringing sweeping and historic changes to our country’s tax laws. These changes generally are effective in 2018 and impact every taxpayer as well as activities such has mergers and acquisitions (M&A). Businesses and their owners have new and unique considerations to take into account as they optimize M&A decisions under these provisions.
We will focus on proper entity selection, the new net operating loss provisions, the new limitations on deductibility of interest and assessing the impact of the temporary full capital expensing provisions.
Strategic Solutions to Reduce Tax Burdens and Maximize Cash FlowBruce Jooste
Providing comprehensive tax strategies and models to businesses that once implemented typically reduce your tax burden by 20% to 40% on an annual basis.
Tax is a levy that is imposed by the government on a product, income or activity. There are several different types of tax that businesses may be required to pay including Income Tax and
Corporation Tax.
Original air date: Feb. 21, 2018
Recording available at http://www.mhmcpa.com
The tax reform bill was signed into law on Dec. 22, 2017, bringing sweeping and historic changes to our country’s tax laws. These changes generally are effective in 2018 and impact every taxpayer as well as activities such has mergers and acquisitions (M&A). Businesses and their owners have new and unique considerations to take into account as they optimize M&A decisions under these provisions.
We will focus on proper entity selection, the new net operating loss provisions, the new limitations on deductibility of interest and assessing the impact of the temporary full capital expensing provisions.
IAPD/IPRA Conference Soaring to New Heights presentation for Human Resource professionals. Topics include: HR Best Practices; Class Action and Retaliation; Recent Court Cases; and HR Stories from the front lines.
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Payroll Webinar: Going Paperless in PayrollAscentis
Getting away from paper use in business is both good for the environment and the company’s bottom line! So finding ways to eliminate paper use in the payroll department is something every business should consider. Finding the right methods to decrease or eliminate paper in your day-to-day payroll operations while ensuring that proper compliance requirements are met can be done in any department if you know how!
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Watch leaders from Global Upside, Boast Capital and provincial representative from the Canadian government as they explore Canada’s accounting, HR, payroll and regulatory “must knows”. For more info contact us at: info@globalupside.com
We all know work is worship but now it is within the book only. We are now a days in bookworm. We read the books and analysis the data but we should go to grass rout to find out reality.
Cloud Protection Manager ensures that data and
resources in AWS are protected from any type of
incident. CPM offers superior backup, recovery, and
disaster recovery by leveraging and automating AWS
snapshots. CPM ensures that the data and resources
in AWS are always protected.
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Payroll Webinar: Going Paperless in PayrollAscentis
Getting away from paper use in business is both good for the environment and the company’s bottom line! So finding ways to eliminate paper use in the payroll department is something every business should consider. Finding the right methods to decrease or eliminate paper in your day-to-day payroll operations while ensuring that proper compliance requirements are met can be done in any department if you know how!
Learn why accountants should leverage the power of a Payroll Business and how generational perspectives can influence your approach to business growth.
Complying with government regulations is a tough job, even for large organizations with the best resources. For midsized businesses with limited resources, facing compliance fueled by increasing layers of regulatory complexity can have a direct impact on profitability.
Doing business in Canada: Where to Play and How to Win? Globalupside1
Watch leaders from Global Upside, Boast Capital and provincial representative from the Canadian government as they explore Canada’s accounting, HR, payroll and regulatory “must knows”. For more info contact us at: info@globalupside.com
We all know work is worship but now it is within the book only. We are now a days in bookworm. We read the books and analysis the data but we should go to grass rout to find out reality.
Cloud Protection Manager ensures that data and
resources in AWS are protected from any type of
incident. CPM offers superior backup, recovery, and
disaster recovery by leveraging and automating AWS
snapshots. CPM ensures that the data and resources
in AWS are always protected.
Marketing strategy in a digital age. This deck was presented at the Digital Marketing Meetup in Israel in March 2017. The topic was about Marketing Disruption and the impact on buyers and marketers in a digitally disrupted world.
HR Pro Playbook: How to Navigate Global Workforce Expansion with ConfidenceAggregage
In this webinar, expert Daniel Grace will walk you through essential steps to get started with global workforce growth while overcoming the associated risks and challenges! You'll also hear best practices from Audra Bright, who recently managed her company’s workforce expansion into multiple countries!
Build vs. Buy: The business-critical checklistRecurly
There are innumerable things to consider before building your own subscription management and billing platform. We've compiled a comprehensive checklist for your company to understand all the features and capabilities you'll need in a recurring billing solution.
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Payroll Processing In Lagos: Comprehensive Guide to Run Accurate And Complian...Elevate Accounting
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Designed the 80/20 fully Integrated tax system for South African Revenue Serv...San-Mark Antonio Trimble
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We will highlight key considerations in the project phase such as the Employee Central and Employee Central Payroll connection, data migration, integration with time and benefits systems also.
How to Take the First Steps to a Lucrative Virtual CFO Business ModelCPA.com
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So… You’re thinking about starting a new business. Why? (What is your exit plan?)
Choosing your Accountant, Lawyer and Financial Planner
Choosing your business entity and why that is important
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India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
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Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
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As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
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Global Payroll: Taking a Practical Approach
1. Welcome to the Global Payroll Association
Thank you for joining
2. Please feel free to ask us questions during the webinar, we will have 10 minutes at the end to answer these.
You can type your questions in the chat box or you can email them to webinars@globalpayrollassociation.com
Housekeeping
4. Ragu Bhargava, Co-Founder & CEO, Global Upside
Ragu and his team at Global Upside help companies tackle accounting, payroll, HR, and
compliance challenges in 90+ countries. Ragu goes by the mantra “impossible is not in my
vocabulary” and has helped Global Upside clients successfully navigate some of trickiest business
environments. In his previous avatars, Ragu was CFO at ActivIdentity (NASDAQ:ACTI) and held
leadership positions in several companies including Deloitte and NetIQ (NASDAQ: NTIQ), where he
helped the company grow from $20 million to $300 million+ in revenue.
4
Founded 1999
Integrated accounting, payroll, HR, tax, compliance services
Consolidated services delivered via single point of contact in your time
zone, 24/7 support
Serves both startups and established multinationals Clients including
A10 Networks, Aruba Networks, 8x8, Enphase Energy, Real Networks,
Rhapsody, Zillow, SmugMug and many more.
Global Upside Footprint
5. Ivan Makarov, VP of Finance, SmugMug
Ivan Makarov is the Vice President of Finance at SmugMug, photo sharing and e-commerce platform
for photographers, where he’s been there for the last five years. In his capacity at SmugMug, he’s been
responsible for a wide range of responsibilities, including leading Finance, Accounting, Treasury and
Tax functions at the Company.
Prior to SmugMug, Ivan worked with PwC and Ernst & Young, as part of their Tax practice, where he
performed various consulting and compliance services for a variety of tech clients.
He holds a B.S. and Master degrees in Accounting from Brigham Young University.
5
Over a billion photos
Unlimited storage
Tools to take your photos to the next level
Showcase, share and sell with SmugMug
6. Wes Rihani, Multi National Account Sales, ADP
6
Wes Rihani is a Global Business Consultant with ADP with over 25 years of deep domain expertise
in Human Capital Management including Payroll & Time/Labor Management. He has worked with
mid-size and large multi-national corporations identify total cost of ownership and develop
comprehensive HCM solution architecture and process engineering to improve on organizational
effectiveness.
Most recently, Wes has led a series of speaking engagements across the country on “the Art of
Global Payroll Transformation.”
Serving more than 650,000 clients in 112 countries
ADP Streamline offers multi-country payroll and HR services solutions via a single vendor
Average client tenure of about 11 years
More than 67% of Fortune 500 companies and more than 80% of Fortune 100 companies
use at least one of ADP’s services
7. 7
Key Considerations for Global Companies
Location
Footprint (Small or Large?)
Entity Setup / Activities
Finding the right talent
Hiring and Employment Law
Tax and Accounting Support
Managing a global operation – centralize?
Compliance
8. Setup and Strategy
8
Plan for growth?
Permanent Establishment
(PE) Risks
Intellectual Property (IP)
Considerations
Management Support
/Centralization
Where to? Start up Activities
Representative Office
Branch vs. Subsidiary
Payroll Setup
Money Movement
Accounting Setup
Tax Considerations
9. Company Law Compliance
9
Registered Office
Resident Director
Substance Over Form (Tax Structure)
Data Protection Registration
Taxes: Payroll, VAT, Income, Others
Statutory Audit
Annual Reports
10. Global Payroll: Key Consideration, Compliance
10
Not just payment of net payroll
Taxes, net pay computation
Payment of taxes
In-kind benefits: taxable or not?
Many reporting requirements besides W-2 or taxable wages e.g. fringe benefits
Pay slips: content, format and delivery (snail mail, electronic or both)
Coordinating with other functions: HR, talent acquisition, treasury
Pay frequency: once, twice, or advance
Payment before vacation
11. Country Focus: China
11
Unique by jurisdiction (National, Provincial, District,
City)
Housing provided by employers and regulations vary
from region to region
Workers who have worked more than one year are
entitled to 5 days of leave
12. Country Focus: Brazil
12
13th Month (Remember to accrue)
Electronic reporting - new requirement in the last 12
months
Union dues - deductions of one day of compensation
for members
13. Country Focus: Russia
13
Employers required to maintain detailed working
hours records
Must be paid twice a month
Bi-lingual employment contracts
14. Country Focus: France
14
Highly regulated working hours requirements
Payroll registrations take time (matriculation of
entity)
Complex pay slips: over 40 data fields
16. 16
Global Payroll Challenges
SmugMug is an internet-based business
A good portion of our workforce is remote
Need to be on top of all tax and legal challenges that come with our kind of setup
We also have to look for employees abroad, as we often hire from our customers
It’s challenging to keep up with the new developments and changing laws overseas
Outsourcing/working with a vendor was a good option
It has helped us stay on track
17. 17
Plan Ahead
Educate your staff about the basic challenges of having a world wide human capital
Proactively identify and implement strategies to minimize risk
Discuss all issues with hiring managers
18. 18
Payroll Accounting : “Tips and Tricks”
How SmugMug setup payroll in Korea?
Understand all issues up front
Have a good handle on costs of living and what you should be paying your
employees
Be upfront about the challenges of relocating to a new jurisdiction
21. 21
Latin America Payroll: Main Challenges
Compliance requirements
• Can be complex and difficult to interpret, with frequent changes
• Brazil, complex tax structure subject to frequent changes as governments respond
to developing economy
Detailed paper-based record keeping
• Colombia, forms for new starters physically have to be taken to the authorities to
be stamped and signed, and copies sent to payroll
• Argentina, employers register all employment relationships in a payroll book which
is inspected periodically by the Ministry of Labor
• Mexico, employees must sign their pay slips and organizations are obliged to keep
receipts for a minimum of five years as evidence that payments have been made
22. 22
Many HR administrative requirements have an effect on payroll
• Onboarding, separation processing, time and leave processing and records
management
• Requirement to sign pay slips, complex rules around hiring and firing in some
countries
• In Mexico, for example, some organizations choose to make final/severance
payments (“finiquito”) in front of a judge to avoid the risk of future claims from
departing employees
24. 24
Global Funding
Governance Model should help determine funding options
Registrations sometimes require local bank accounts
• E.g. Australia
• Statutory laws sometimes require only the employer to move funds
• Laws against money laundering
• Lodgment Services in APAC – Social Benefits in China
Leverage an In Country Provider
• Access to client’s account
• Trust account
Global Money Movement Platforms
• Major Banking institutions
25. 25
Critical Business Issue
Multiple HR Systems - Increased Business Agility
PAYROLL
SYSTEMS 33
HR
SYSTEMS 31
GLOBAL HCM
DECISION MAKERS
SURVEY 2015
The average number of payroll and HR
systems /vendors and used worldwide has
increased ~ 50% from 2014-2015
Global
SOR
Talent
TLM
Compliance
Comp &
Benefits
Payroll
26. 26
Employee record flow
Integration
Payroll
Data
Employee
Master Data
Compensation
Data
Variable Data
Time &
Expenses
Global HR
System
of Record
Global or Local
Payroll Engines
and Partner
Network
Technology Considerations
Data Translation
Validation
Mapping
Localization
27. 27
Q&A
Ivan Makarov, VP of Finance, SmugMug
Wes Rihani, Multi National Account Sales, ADP
Ragu Bhargava, Co-Founder and CEO, Global Upside
If you have any questions for our panelists that we are not able to address in the Q&A please call
+1 (408) 913-9130 or email us at info@globalupside.com
