Payroll & HR Solution Package
Whether you are a small business or a Fortune 500 company, we know that you will need human resources support along with a payroll solution. This is why Aurenav has developed a bundle package solution comprising both Payroll and Human Resources Services.
Our Payroll & HR Solution includes the following:
One time Set-Up Fee
Account Set Up |
|
|
|
Pre-employment Services |
|
|
Monthly Fixed Fee Services
Payroll Processing |
|
Salary and Benefits Payments |
Aurenav can process commission, salary, expense, bonus, and any combination of employee compensation. Aurenav also processes statutory payroll benefits including sick pay, vacation, and parental leave. We can also process qualified pension and other benefit compensation plans. |
Electronic Payroll Payments |
Aurenav can consolidate your payroll needs into a single electronic wire transfer from your regular bank to our payroll escrow account. Payments to each employee and to the tax authority are made through our electronic payment service. |
Monthly Swedish Tax Declaration |
Employers are required to file a monthly tax declaration with the Swedish Tax Authority. Aurenav can provide full service filing or partial service filing where we only fill out the payroll portion of the tax form. |
Salary and Benefit Reporting |
Each month, Swedish employers are required to report the gross payroll for the month, the social taxes owed on the payroll, and the amount of income withheld for tax purposes. The social and income withholding taxes must be paid to your company tax account on a monthly basis. |
Monthly Invoicing and Consolidation |
Each month, based on what you tell us, Aurenav will invoice your company for each employee. The invoice is broken down by accounting item to assist in maintaining an audit trail. You can choose between individual invoices for each employee or for a consolidated invoice with a detailed breakdown by employee. In either case, Aurenav accepts a single wire transfer payment for your convenience. |
Monthly Individual Payroll Statements |
Each month or week, Aurenav will process an individual payroll statement for each employee. You may choose to have the company copy sent to your office by post, fax, or e-mailed as an electronic PDF file. |
Human Resources Services |
|
Wealth Retention Strategy |
With more than 10 years experience on the Swedish labor market, Aurenav can help you and/or your employee determine the best possible remuneration package in accordance to Swedish law. We provide information on, among others; tax breaks, expatriates tax advantages, pension plans and benefits. |
Regulatory Compliance |
Aurenav stays on top of the latest changes in employment regulations, tax regulations and common practices and helps you navigate this complex legal framework. |
Benefits Administration |
Benefits granted to an employee are highly regulated in Sweden. Some are tax free, others are taxable and some others are tax free up to a certain ceiling. The taxation of benefits is governed by laws and regulations as well as common practices of the Tax Office. Aurenav can guide you through the complexity of these benefits and their tax treatment and help you develop a strategy to optimize wealth retention for yourself as a freelancer or your employees. We can also run a simulation of your monthly payroll and provide consulting on tax treatment of benefits. |
Pension Administration |
Pension in Sweden is divided in three pillars: the state pension, the service pension and the private pension. The state pension is paid every month through the payroll taxes. The service pension is a pension plan set up by an employer for its employees. The service pension is not compulsory except if provided otherwise in a collective agreement binding the employer. The private pension is an insurance subscribed freely by the employee. Aurenav can help set up a service pension plan and process pension premium payments. We also calculate the tax on pension premiums which is, for Swedish companies 24,26% and for representation offices, tax free. |
Human Resources Support |
|
Labor Law Consulting |
Labor relations in Sweden are governed by both regulations and collective agreements. Aurenav can assist and guide you through the complex legal framework of Swedish labor law which can be hard to understand, especially for non-Swedish speakers. |
Payroll Taxes Consulting |
Aurenav can answer any questions relating to payroll taxes in Sweden. By payroll taxes is meant employer tax (social cost), employee tax (withholding tax), income tax and special tax on pension premiums. |
EU/EEA Citizen Support |
Aurenav provides assistance to EU/EEA citizens in registering their right of residence in Sweden within three months of their arrival and in obtaining an A1/E101 certificate where appropriate. We also inform EU/EEA citizens of the tax breaks available such as SINK tax and other useful information to retain wealth. |
Operational Support |
|
Representation Agent |
Aurenav offers a representation agent service to handle communications between the Swedish government and especially the tax authority where we provide a permanent address and mail forwarding service. |
Address of Record |
If you do not intend to have a company address in Sweden, Aurenav can provide an address of record. |
Mail Processing / Mail Screening |
Aurenav offers a Virtual Office service and can process all your Swedish business mail. Aurenav can open your mail and send you a notification on the content of your mail. The basic mail screening service is included in the standard payroll service offering. |
Expatriates Services |
|
Application for SINK Tax |
Employees who are residents outside Sweden and who will reside in Sweden for less than six months in order to perform an assignment that gives rise to a taxable income can choose to pay the SINK tax instead of the usual employment taxes. The SINK tax allows the employer to deduct 25% as withholding tax of the taxable income of the employee, instead of the average 30%. The employee avoids having to submit a tax return in Sweden. Aurenav can assist in the application for SINK tax with the Tax Authority. |
Annual Fixed Fee Services
Annual Services |
|
Annual Swedish Tax Reports |
Each year, Swedish employers are required to provide a detailed report to the Swedish Tax Authority for each person employed during the year. The report states the salary (including bonuses and benefits), and the amount of income tax withheld. A year-end statement is sent to each employee (usually a KU-10) and an electronic accounting summary is sent to the Swedish Tax Authority, which is used to reconcile the monthly income withholding and social tax deposits that were made into the company tax account. Aurenav processes the annual report including sending the electronic media reports directly to the tax authority. |
Add-On Hourly Fee Services
Add-On Services |
|
Recruitment |
Aurenav has recruitment specialists that can help your company find the right people. We can post job advertisements on the Swedish Job Portal, process the job applications and interview the candidates. We can also provide testing services to help insure that an employee has the proper skills that meet your requirements. We have trained human resource and investigative staff that can provide a wide range of services to help you recruit the best candidates. |
Payroll Simulation |
Based on the answers to our questions, Aurenav can run a payroll simulation including an estimation of both employee and employer taxes, the take-home salary, the final cost for the employer and the annual income tax.
|
Background Screening | Aurenav can verify employment history, conduct criminal background checks, and conduct credit checks on prospective and current employees. |
Project Based Services
Swedish Employment Contracts
Aurenav can provide a Swedish employment agreement template that meets the minimum Swedish regulatory requirements together with optional clauses that are required in case of a Labor Union review.