Picture this: your company is looking for a remote marketing manager based in country A or country B. You as an HR have to do a research on both countries and decide which option will result in the optimal amount of taxes for the company to pay for the new employee. Where can you source this information from, knowing that it must be relevant, reliable and shouldnât cost you hours upon hours of precious working time? In other words, how to calculate payroll in matter of seconds?
Acvian Payroll Estimator will do the job.
What is Acvian Estimator: how to calculate payroll?
It is a tool that estimates payroll costs for workers abroad using up-to-date information on taxes. It allows HRs, Operations Managers, recruiters and PEO/EOR companies to accurately forecast the overall cost of employment in 120 countries. We use an internal database that is regularly synchronized with the latest tax regulations worldwide. The access to the tool is free – there is no catch, no premium subscription or any other type of paid activity. Payroll Calculator is a standout feature that sets Acvian apart from our competitors as we openly share it, and helping on how to calculate payroll.
Who can benefit from Payroll Estimator?
This practical and easy-to-use tool is a game changer for representatives of international companies willing to enter an overseas market. It saves the precious time otherwise spent on awaiting requests and official sales proposals from big providers and instantly delivers comprehensive information on current employment costs in a country of choice. It also helps predict a relocation budget for overseas project work, as in the following case:
Your company wants to send an in-house team of tech engineers to country C to install solar panels. You as an accountant need to estimate the budget required to relocate the team for a year. At this stage of budgeting, you require an up-to-date breakdown of all taxes country C will expect your company to pay for the field workers.
Moreover, Acvian Payroll Estimator helps companies evaluate the âtrial runâ hire in newly opened overseas branches. It will also be useful for recruiting and HR specialists who want to gain access to talents abroad, as well as remote employees considering international relocation.
How to calculate payroll with our Estimator?
You can access Payroll Estimator via our website or directly by clicking here. To receive a payroll calculation, simply choose a country name and employeeâs citizenship status (local/foreigner) and provide a monthly gross salary in USD or EUR. Apart from the payroll cost, you will also receive an accurate estimation of the monthly net salary according to effective tax legislation in the country of choice. In a few uncomplicated steps, our tool assists your business with making informed decisions about your global workforce and can potentially prevent costly mistakes in regard to the bottom line.
See our video instruction on how to calculate payroll and all steps needed:
What are the benefits of Acvian Payroll Estimator compared to other similar tools available online?
- Extensive database. Currently there are 120 countries included, and the coverage is constantly expanding.
- Accuracy. Guesswork just wonât do when it comes to estimating employment costs and optimizing your budget. This is why we update the tool twice a year to include any changes to global payroll and tax regulations that may affect the outcome. As a user, you can fully rely on Acvianâs expertise in delivering accurate and reliable estimates of payroll costs. No more hesitation on how to calculate payroll.
- Free and open access. Using our calculator is free of charge; no subscriptions or other steps are required to access its full functionality, and there are no ads.
- Security and data protection. Acvian Payroll Estimator does not monitor your activity or store any of your data. Our commitment to security and data protection is essential to our strong reputation as a reliable service provider, and we use industry-standard protocols to safeguard your information.
What services does Acvian offer to companies that require more comprehensive assistance?
An internationally expanding business that relies on remote talents overseas may find it challenging to navigate the complexities of local tax and labor legislation and bureaucratic procedures in the country of choice. It is often outside the scope of an internal team to successfully resolve these issues. This is when a reliable Employer of Record (EOR) company can step in, taking over the process of international employment and resolving any such issues expertly.
Acvian PEO/EOR service package includes the following:
- swift international employment estimation specifically tailored to your employee-country setup
- close attention to all requirements to ensure a timely completion of the onboarding process
- full and exclusive responsibility and liability for the workers hired with our help
- a thoughtfully crafted contract that accommodates every case-specific need
Specifically, Acvian will:
- offer local expertise in taxes processing, how to calculate payroll, as well as any other services required by your employees
- ensure full compliance with local legislationÂ
- provide advice on all aspects of an employment contract including termination, notice periods and severance payments
- inform you of changes and updates to labor statutory
- ensure that your employee obtains all necessary permits, visas, and other documentation required to begin work
In case you still have questions regarding Acvian Payroll Calculator and EOR services, contact us here.