Category Archives: payroll

Understanding Premium/Overtime Pay for hourly workers in the BVI Labour Code

There are three principle reasons for premium/overtime pay: The employee has worked more than 40 hours per week The employee has worked more than 8 hours per day. The employee is required to work on a day that is his/her rest day. Premium/Overtime pay is paid at the rate of a least 1.5x their basic Read more »

Understanding BVI Payroll Calculations – Employee

There are three statutory deductions each pay period National Health Insurance 3.75% * Social Security 4% Inland Revenue Tax 8% (Only if the employee have made more than $10,000 for the year) *If an employee’s spouse is not employed, the employee has to pay an additional 3.75% to the National Health Insurance board.  Scenario A Read more »

Understanding Holiday Pay in the BVI Labour Code

In the BVI Labour Code, an employee is either scheduled or not scheduled to work.  If an employee is NOT scheduled to work on a holiday, that employee does not receive holiday pay because they do not sustain financial lost.  Scenario A John is an hourly employee and usually works Monday to Friday.  Next week Read more »

Employee Terminations in the BVI Labour Code: Notice Period & Notice Period Pay

This article does not cover severance pay or valid reasons for employee terminations.  It simply explains the notice period that an employee should receive in the event that the employer decides to terminate the employment agreement.  Probationary Employees Probationary employees can be dismissed  for any valid reason with 24 hours notice.  Contract Employees Employees to Read more »

Pay Slips

Print your Pay Slips individually or in bulk. Prefer to go Paperless? Employees can be emailed their Pay Slips. Employees can also Print Pay Slips from the Employee Portal. Print or Email Pay slips.

Government Reports

Stay up to date with your filings at National Health Insurance, Social Security, and Inland Revenue. Annual Reports are also included.

Allowances & Deductions

Unlimited company-wide and individual allowances and deductions. Allows for Non-taxable deductions such as pensions.

Click and Pay Payment Portal

Select the payment date and all employees to be paid are displayed with overtime, allowances and deductions already included. Add Pay Period bonuses and dock pay deductions.

Quickbooks Integration

Export your payroll information to Quickbooks Desktop.

Bulk Cheque Printing

1) Place cheques in the printer. 2) Select the employee(s) 3) Click “Bulk Cheque Printing” 4) Open the downloaded file and print. Cheques are filled out and paystub information added.

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