Payroll Processing in Mexico PDF Print E-mail

PAYROLL PROCESSING IN MEXICO (under your Mexican corporate entity.)

Do you have a current / active legal entity established in Mexico and need someone to process your payroll? Our team of English / Spanish speaking payroll and accounting staff will handle your payroll processing in Mexico.

Key points:

  • We charge a one time setup fee and a flat monthly fee based on the number of employees and pay frequency
  • We accept groups of 1 to 1,000 employees for the 'Mexico Payroll Processing Only Service'
  • We insure compliance with all current laws, regulations, and tax tables
  • We can provide you with the final payroll reports so you can make the appropriate employee deposits, tax provisions, and tax payments, or we can handle the entire process for you

Mexico Payroll Processing Only Details:

  • Weekly, biweekly, semi-monthly, and monthly payroll frequency
  • Vacation time and vacation bonus tracking / processing
  • Christmas bonus processing
  • Allowances, bonuses, commissions, and special payments processing
  • Process special employee deductions (Clothing, private insurance, tools, etc.)
  • Private saving plan and employer match processing / administration
  • Expense reimbursements
  • Overtime pay and reporting
  • Tracking of attendance, sick days, and maternity leave
  • Transfer payroll to employee bank accounts (if you elect for us to do this on your behalf)
  • Shift, position, and department tracking / reporting
  • Comprehensive payroll and tax reporting
  • Process the registration of new employees with IMSS / SUA and the deactivation of employees with IMSS / SUA
  • Reporting / Processing of monthly ISPT / Employment Subsidy employee retentions
  • Reporting / Processing of monthly IMSS employer tax obligations
  • Reporting / Processing of bi-monthly IMSS INFONAVIT / RCV tax obligations
  • Reporting / Processing of monthly state payroll tax obligations
  • Annual reporting to IMSS of injuries / risk assessment
  • Process and provide the employees with the annual declaration of total compensation and income tax withholding
  • Transfer / Pay tax obligations (if you elect for us to do this on your behalf)
  • Reporting available in Excel®, HTML, XPS, TXT, and PDF formats
  • Custom reporting *
  • Additional services available *

* Additional fees may apply

Basic requirements for this service:

  • You must have a current / active legal corporate entity in Mexico
  • The entity must be registered and active with IMSS and possess an IMSS employer registration number
  • The entity must be registered and active with SAT (Hacienda) and possess your RFC registration number
  • The entity must be registered and active with the state of your corporation in Mexico for the state payroll tax
  • The entity must have at least one active mexican bank account with web based access and administration privileges
  • You must sign a month to month service agreement with Human Resources Mexico, S de RL
  • You must provide a current, signed employment contract for each employee to be processed (This is important so can process the payroll efficiently with all correct salaries, allowances, bonuses, vacation time, vacation bonus, deductions, etc.)

Contact us today if you want to focus 100% on your objectives in Mexico instead of payroll and human resources while reducing your liability.

Visit our EMPLOYER OBLIGATIONS IN MEXICO section if you want a better understanding of the federal labor law and mexican constitutional requirements relating to paying employees in Mexico.

 

 

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Franklin Frith is our General Manager and Principal who was born and raised in the United States and currently lives and works in Mexico. Franklin speaks Spanish fluently and he has more than 20 years experience in business development and business process outsourcing (HR, Payroll, Finance, etc.) With our “hands on” approach we handle your Mexican business goals and needs full time, right here in México. You will find that our staff is "on the ground and in the trenches" to help you accomplish your business goals.

Last Updated ( Sunday, 07 March 2010 )