Post by rabia994 on Mar 9, 2024 5:58:17 GMT -4
Payroll management is one of the most important issues in a company, both from an administrative, accounting and human capital management point of view, hence the relevance of knowing the payroll payment schemes, in which cases it applies. each of them and which one is more convenient at a certain time. Below we briefly share everything you need to know about the most common payment schemes in Mexico. The payroll: what it is and what is its structure Before talking about payment schemes, it is important to talk about payroll, know its structure and concepts. Understood by the company as the list of people who make up the workforce for whom a salary must be calculated and paid on a regular basis, the payroll includes a series of concepts that we present below: Perceptions Income that the collaborator receives for the work performed in a certain period. This concept includes salary, bonuses (whether for performance, seniority, goals, etc.) and commissions, as well as overtime, vacation bonuses or any subsidies. Deductions Amount of money that is subtracted from the total payments to be received. These will depend on the type of contract, some of the most common being: – Employer worker quota (IMSS) – Income Tax (ISR) – Value Added Tax (VAT) – Housing Fund (Infonavit) – Afore Some others may be related to the payment of union dues, savings accounts or discounts on any expenses incurred by the company (rent, agreements, equipment, etc.
) Period This depends on the agreement reached between employer and employee regarding the payment of wages. It can be weekly, biweekly, fourteenth or monthly. Type of contract It refers to the written agreement entered into between the employer and the worker, which establishes the services to be provided in exchange for a certain remuneration, as well as the conditions to regulate the relationship between them. In Mexico there are different types of employment contracts or current employment relationships that are stated in art America Cell Phone Number List icle of the Federal Labor Law (LFT) and are: – Work – Determined time – Season – Undetermined time – Trial period – Initial training “Employment relationships may be for a specific work or time, for a season or for an indefinite period of time and, where appropriate, may be subject to testing or initial training. In the absence of express stipulations, the relationship will be for an indefinite period.” Article , LFT Most common payroll payment schemes In Mexico there are various ways in which companies can pay salaries to their collaborators. Below we will review which are the most common, their characteristics and advantages. % payroll (wages and salaries) Without a doubt it is the most common nationwide.
Those who receive their salary under this scheme have the right to payment of bonus, vacations, PTU, social security, Infonavit, Afore and other benefits. In this case, the company is responsible for paying taxes through the salaries and wages regime and another advantage for the employee, in addition to paying legal benefits and who, in the event of dismissal, would be entitled to a severance payment. However, its main disadvantages are that the total deducted taxes are very high (-%) and generally the worker ends up receiving a very low salary in cash. Assimilated to salaries Scheme for those whose salary represents more than % of their total income. Its main characteristic is that workers are not considered employees but rather providers of professional services and therefore the deductions are lower than in the % nominal scheme. Companies do not make withholdings for social security, Afore, Infonavit, etc., nor are they obliged to provide the minimum benefits by law, but they can offer other benefits. Furthermore, the amount of ISR to be paid will depend on the company's tax strategy as the employee does not have an employment subsidy and it will be the employee who assumes responsibility for the annual declaration. Payment by fees This is the most.
) Period This depends on the agreement reached between employer and employee regarding the payment of wages. It can be weekly, biweekly, fourteenth or monthly. Type of contract It refers to the written agreement entered into between the employer and the worker, which establishes the services to be provided in exchange for a certain remuneration, as well as the conditions to regulate the relationship between them. In Mexico there are different types of employment contracts or current employment relationships that are stated in art America Cell Phone Number List icle of the Federal Labor Law (LFT) and are: – Work – Determined time – Season – Undetermined time – Trial period – Initial training “Employment relationships may be for a specific work or time, for a season or for an indefinite period of time and, where appropriate, may be subject to testing or initial training. In the absence of express stipulations, the relationship will be for an indefinite period.” Article , LFT Most common payroll payment schemes In Mexico there are various ways in which companies can pay salaries to their collaborators. Below we will review which are the most common, their characteristics and advantages. % payroll (wages and salaries) Without a doubt it is the most common nationwide.
Those who receive their salary under this scheme have the right to payment of bonus, vacations, PTU, social security, Infonavit, Afore and other benefits. In this case, the company is responsible for paying taxes through the salaries and wages regime and another advantage for the employee, in addition to paying legal benefits and who, in the event of dismissal, would be entitled to a severance payment. However, its main disadvantages are that the total deducted taxes are very high (-%) and generally the worker ends up receiving a very low salary in cash. Assimilated to salaries Scheme for those whose salary represents more than % of their total income. Its main characteristic is that workers are not considered employees but rather providers of professional services and therefore the deductions are lower than in the % nominal scheme. Companies do not make withholdings for social security, Afore, Infonavit, etc., nor are they obliged to provide the minimum benefits by law, but they can offer other benefits. Furthermore, the amount of ISR to be paid will depend on the company's tax strategy as the employee does not have an employment subsidy and it will be the employee who assumes responsibility for the annual declaration. Payment by fees This is the most.