Filing of Statutory Deductions

Statutory deductions are a fundamental aspect of payroll and financial management for businesses operating in Jamaica. Ensuring timely and accurate filing of these deductions is not only a legal obligation but also a reflection of a company's commitment to its employees and adherence to national regulations. At Primax Consulting Ltd, we specialize in assisting businesses with the meticulous process of filing statutory deductions. Here's a closer look at our offerings in this domain:

• Comprehensive Review: Before filing, we conduct a thorough review of your payroll records, ensuring that all statutory deductions such as National Insurance Scheme (NIS), National Housing Trust (NHT), and Education Tax have been accurately calculated.

• Timely Submissions: With strict deadlines in place for the submission of statutory deductions, timely filing is paramount. Our team ensures that all deductions are submitted well before the deadline, avoiding penalties and ensuring compliance.

• Digital Filing: Leveraging the latest digital platforms provided by tax authorities, we facilitate online filing of statutory deductions, making the process faster, more efficient, and environmentally friendly.

• Record Keeping: Proper documentation and record-keeping are essential for future references and audits. We maintain a systematic record of all filed statutory deductions, ensuring easy retrieval and transparency.

• Updates & Notifications: Regulatory frameworks and deduction rates can change. We keep our clients informed about any modifications in the statutory deduction regulations, ensuring they are always updated and compliant.

• Audit Support: In the event of an audit by tax authorities, our team provides complete support, offering all necessary documentation and clarifications related to statutory deduction filings.

• Dedicated Assistance: Statutory deductions can be complex, with various nuances and specifics. Our dedicated team is always available to address any queries, provide clarifications, and offer expert advice to ensure seamless compliance.

At Primax Consulting Ltd, we recognize the importance of statutory deductions in upholding the welfare of employees and contributing to national schemes. Our service is designed to relieve businesses of this intricate responsibility, allowing them to focus on growth and operations, confident in their compliance and our unwavering support.