IPC’s timekeeping, payroll app is now TRAIN Law-ready
IPC
PayCheck, a timekeeping and payroll solution with add-on HR features offered by
local cloud solutions pioneer IPC (IP Converge Data Services, Inc.) has
adjusted its system to reflect the new tax computations under the
recently-approved Tax Reform for Acceleration and Inclusion (TRAIN) law. The
latter is the government’s program that seeks to provide a fairer and simpler
tax system for Filipinos.
IPC
PayCheck is a convenient HR tool that streamlines and automates the management
of employees through a digital means of timekeeping, leave filing, and
compensation and benefits computations. The system also helps eliminate errors
and speed up the completion of tasks, freeing more time for other vital activities
like employee engagement and training, as well as other core business
processes. IPC PayCheck looks to improve its features according to market
feedback and needs of the times.
“IPC
PayCheck is a productivity suite of scalable payroll and timekeeping solutions
that help HR employees perform their work, easily and accurately.” says IPC
Chief Operating Officer, Dave R. de Leon.
“It’s apt
for any organization -- from startups, to small-and-medium-sized businesses,
and even large enterprises who are looking for a digital approach to carry out
manual, repetitive tasks in no time, and one that will allow them to focus on
vital tasks that will help the company grow further,” adds de Leon.
IPC
PayCheck’s clientele is expanding as more and more companies shift from
on-premise to cloud-based HRIS (Human Resource Information System). This is due
to businesses’ increasing interest in innovation and cost-reduction efforts.
Aside from
personal income, the TRAIN law or Republic Act 10963 decreases the tax on estate,
and donations, while increasing the excise tax on certain products such as
petroleum, automobiles, sweetened beverages, and cigarettes; as well as
non-essential services like invasive cosmetic procedures. The law took effect
early this year.
# # #
0 comments