Outsourcing payroll calculation is the right answer to resolving problems that may arise in payroll administration services. This is exactly what Provico can do for your company.

We can save you time and money, while you can oversee and control this area.

•        Save time and money – The solution we offer makes your business work more efficiently by scaling down the administrative burden on the employer and allowing you to calculate with fixed monthly costs.

•        We take this burden off your shoulder so that you can focus on your business.

Provico Payroll Service Co., based in Budapest, has been doing payroll administration for local and multinational companies for more than 10 years. With eight seasoned staff, we have always done jobs accurately and delivered on time. We have never asked for any extension of the deadline.

We provide customised, professional and flawless services to the satisfaction of our busy Clients – five of them have been using our services for more than 10 years.

Every day, we desire to demonstrate our long-term commitment to our Clients by fulfilling their requests accurately, quickly and reliably.

We can offer help to foreign companies that wish to obtain information about labour issues and payroll in Hungary.

We have extensive experience in designing payroll administration systems for companies wishing to be established in Hungary

BECAUSE

     your managers can be rid of all concern about this issue;

       outsourcing/subcontracting payroll administration saves cost and time for all financial managers/office managers of any company;

     we charge fees just below the average;

     there are no ancillary costs, just the fixed monthly charge per person

     you can do away with costs that do not contribute directly to income generation such as technical and HR courses, technical literature, IT investments, software maintenance and upgrades, salaries and office rental;

     we offer accurate and reliable solutions;

     we guarantee encrypted, confidential data handling;

     we produce information tables tailor-made for your company;

     we offer consulting on any labour and social security issue;

     you can always count on us;

     we offer personalised, direct contacts to our Clients

      our Client are always handled by the same staff member.

-        Administrative tasks involved in the recruitment and dismissal of employees are performed continuously. We produce statutory records and statistical data transfers.

-        We do payroll calculations and social security administration continuously every month on the basis of the documents received. Monthly payroll calculation includes the establishment of taxes and contributions arising in this sphere. Payroll calculation can be done in confidence which means that employees receive a closed envelope while bookkeepers receive data broken down by profit centres that are suitable for processing by the accounting department.

-        We produce and continuously maintain statutory records required by the Personal Income Tax Act.

-        We also produce and continuously maintain statutory records required for social security administration and we generate statutory statistics designated in the Social Security Act. We offer comprehensive administration of Individual Pension Insurance Record Sheets (NYENYI) at the end of the year.

-        Companies may handle social security funds in their own right. We can manage the related tasks. (Social Security payments handled).

-        We produce PIT returns at the end of the year and send the statutory records to the Taxman.

-       We offer continuous consulting about social security, personal income taxation, payroll and income management issues.

-        We can also provide assistance with regard to private pension funds: we produce and continuously maintain the records required and generate the returns.

-        We arrange for the customised bank transfer of wages and salaries.

-        We generate monthly reports about taxes and contributions payable as requested by the Client and provide data transfers in any optional breakdown.

-        Naturally, any and all information and documents used in relation to payroll administration are handled in confidence.