RECOGNISING & RESOLVING THE ISSUES
Moving your core employment and payroll functions to a globally centralised and lower cost environment has obvious attractions, but can also present some significant drawbacks:
- Complex processes are often overly simplified in a shared service centre environment, leading to compliance exposures and risk.
- Outsourcing and globalising local country processes (such as overseas payroll) can lead to a gap in the skills and knowledge needed to manage off-cycle and non-standard items locally, to identify and escalate potential risk issues and to manage the impact of business change.
- Geographical separation from the core business can mean the compliance processing function is disconnected from the business, and consequently oversight and visibility are lost.
Our overseas employment tax service helps eliminate these risks whilst still providing a cost-efficient response.