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Christmas Bonus

Christmas Bonus: What Can I Give to My Employees?

  Ah, the long anticipated Christmas bonus. While often confused with the 13th month bonus, the Christmas bonus is optional and not mandated by law. Some companies choose to take the opportunity of this festive season to give employees cash bonuses or gifts as tokens of appreciation. The Christmas bonus does well to boost employee…
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December 5, 2018 0

Paid Leaves: What You Will Choose? | mybetterpayroll

Employee loyalty is more important than ever when you are running a company. The long-term success of any company depends on its workers. They work hard for their pay and they always do their best especially when they are motivated. But how do you motivate your employees to help your business grow? One of the…
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November 19, 2018 0
Payroll

Outsourced or In-house Payroll: Which is Better For my Business?

  Payroll can be done in two ways – outsourced and in-house. When you outsource, a third-party would be the one to process your company’s payroll. On the other hand, in-house processing is having your own person or team do your payroll. Both can be advantageous and economical given the right scenario. We have highlighted…
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October 12, 2018 0
Salary Disbursement

Disbursement: How Do You Pay Your Employees?

  Benefits are not the only thing small business owners have to be concerned about regarding payroll. While it is important to be clear about statutory and de minimis benefits each employee receives and the payroll software used for computations, it’s also crucial to decide on a disbursement method that works best for both the…
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September 21, 2018 0
Cloud Computing

Why are Companies Reluctant to Embrace Cloud Computing – The Misconception About Cloud

  Cloud computing has been around for a while, yet to this day, only a small percentage of small and medium enterprises (SMEs) have embraced it. As far as my observations go, the situation isn’t any better in a more localized context. While large corporations and multinationals continue to benefit from big data and the…
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June 1, 2018 0
de minimis benefits

De Minimis Benefits: How Do These Work?

  Pag-Ibig, PhilHealth, and SSS are not the only benefits Philippine employees can receive. In a good number of companies across the country, employers give out additional compensation to their employees’ salaries. These relatively small-value allowances are called de minimis benefits. The concept was introduced with the implementation of Revenue Regulations No. 8-2000, which amended…
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May 25, 2018 0
mybetterpayroll Timekeeping

Why is Employee Timekeeping Important?

  Clock in, clock out. It’s a routine every member of the workforce is familiar with, be it done through cards on bundy clocks, biometrics, or payroll software. Rightly so, companies pay a lot of attention to proper timekeeping, not only because the laws are strict about it, but because it is a crucial aspect…
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April 20, 2018 0
mybetterpayroll-SSS

SSS Contributions: An Explainer

SSS contributions are part and parcel of every private employee’s payslip when it comes to payroll in the Philippines. Some see it as an inconvenience or an unnecessary deduction, but there’s much more to it than simply being required by law. Social security contributions exist to ensure members of the workforce have sufficient income when…
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March 16, 2018 0

Withholding Tax Explained

There’s always a moment of satisfaction in opening payslips, at least until the words “withholding tax” come into view. Rarely do employees appreciate it, because after all, it’s a cut to their net income. Truth be told, it’s probably just because they misunderstand what it really is. What is Withholding Tax? Salaried employees have it…
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February 8, 2018 1
Employees

Pay Your People Right

  Pay your people right. It should go without saying, but some employers still don’t do this. There are those who cheat on payroll in various ways, as I have talked about in my previous blog entry. I want to make it clear on the record that I, along with the rest of the mybetterpayroll…
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February 1, 2018 0