The cornerstone of trust

Payroll, along with related social security administration and fringe benefit consulting services, have been among the core activities of WTS Klient Hungary since the firm was established in 1998. Our team of around 50 professionals, specialising in payroll and taxation of foreign employees, comprises experts well-versed in payroll and social security matters. They possess English and German language skills and also have many years’ experience in preparing tax returns and assisting with tax authority audits.

A significant proportion of our payroll staff hold qualifications as social security specialists, tax advisers or HR professionals, in addition to their basic payroll and social security administration qualifications. We currently provide payroll services to more than 350, mainly international clients, process payroll for over 13,000 employees each month, and act as the social security paying agent for more than 30 companies.

According to the Budapest Business Journal’s latest Book of Lists ranking, WTS Klient Hungary is the fourth-largest payroll and HR outsourcing firm on the Hungarian market in terms of revenue from payroll services (excluding the Big Four).

Our payroll services

Why choose WTS Klient Hungary?

Payroll is an area of financial and business services that requires a greater degree of precision than most other areas. Although determining employees’ net wages on the basis of their gross earnings may appear a simple task at first sight, there are many factors that influence the calculation (secondment, bonuses, overtime, limits on the payment of social contributions, etc.).

At the same time, any error arising may affect the most sensitive issue, employees’ net wages. For this reason, the WTS Klient Hungary endeavours to ensure that its work in this area is carried out as accurately as possible with the help of the most widely recognised domestic payroll accounting softwares – NEXON, SAP, WizuálBér – and working procedures that are subject to repeated controls.

Our payroll services include the following activities:

• monthly payroll accounting for our clients’ employees
• preparation of monthly aggregate payroll sheets and other statistics
• bank transfer of net salaries and social contributions
• preparation of monthly returns related to tax and other contributions and submitting these in electronic form
• preparation of annual statistics

As elsewhere, the support of other departments is essential to the performance of the payroll services. To ensure clients receive an accurate service, our payroll staff continuously consult with our legal office on matters of labour law, and with our team of tax experts on issues of personal income tax, social security and other contributions.

Please feel free to contact us and request a proposal!