payroll AssociateIsla Lipana & Co

As an Associate, you'll work as part of a team of problem solvers with extensive consulting and industry experience, helping our clients solve their complex business issues from strategy to execution. Specific responsibilities include but are not limited to:
Payroll Preparation
Compute employee's salaries and other earnings, including mandated and agreed deductions paid twice/once a month;
Computes and withholds employee's income taxes and premium contributions for Social Security System (SSS), Philippine Health Insurance Corporation (PhilHealth), Home Development Mutual Fund (HDMF) and remit these taxes to the BIR and premiums (along with employer's contributions) to SSS, PhilHealth, and HDMF, respectively;
Sends sealed payslips to client designated officer for distribution; Prepares bank advice for deposit of net pay to the employee's account; Prepares and files monthly remittance return of income taxes withheld
Prepares and files monthly remittance forms for loan amortizations to SSS and HDMF, if any;
Processes 13th/14th month pay and other bonuses;Prepares and files Annual Information Return of Income Taxes Withheld on
Compensation (BIR Form 1604-CF) and the Alphabetical List of Employees from whom taxes have been withheld;
Issues Certificate of Compensation Payment/Tax Withheld (BIR Form 2316) to all employees; Computes final pay of resigned employees; Prepares and issues certificate of employments and certifications for SSS, PHIC and HDMF contributions to employees; Prepares and submits payroll reports and other related payroll schedules to the authorized client personnel through email for review and approval; and Prepares corresponding payroll journal entries.