International Expansion for Companies based in Taiwan: Evershine company registration, accounting, tax, payroll services assist your company to expand the business internationally.

Employment Outsourcing Services tpe.en2ww.eos

professional employer organization (PEO) is a firm that provides a service under which an employer can outsource employee management tasks, such as employee benefits, payroll and workers’ compensation, recruiting, risk/safety management, and training and development. The PEO does this by hiring a client company’s employees, thus becoming their employer of record for tax purposes and insurance purposes. This practice is known as co-employment.

In co-employment, the PEO becomes the employer of record for tax purposes, filing paperwork under its own tax identification numbers. The client company continues to direct the employees’ day-to-day activities. PEOs charge a service fee for taking over the human resources and payroll functions of the client company: typically, this is from 3 to 15% of total gross payroll.[4] This fee is in addition to the normal employee overhead costs, such as the employer’s share of FICAMedicare, and unemployment insurance withholding.

One service provided by a PEO is to secure workers’ compensation insurance coverage at a lower cost than client companies can obtain on an individual basis. Essentially, a PEO obtains workers’ compensation coverage for its clients by negotiating insurance coverage that covers not just the PEO, but also the client companies. This is allowed because, legally, the PEO is the employer of the workers at the client companies. PEOs can also offer basic levels of background & drug screening.

Using a PEO could potentially save the time and staff that would be used to prepare payroll and administer benefits plans, and may reduce legal liabilities or obligations to employees that it would otherwise have[5]. The client company may also be able to offer a better overall package of benefits, and thus attract more skilled employees. The PEO model is therefore attractive to small and mid-sized businesses and associations, and PEO marketing is typically directed toward this segment.[4]

Several variations on the PEO model exist, differing in the nature of the relationship formed between PEO and client company.

  • Administrative services organizations (ASO) are similar to PEOs, but do not create a co-employment relationship. Employees remain solely under the control of the client company. Tax and insurance filings are done by the ASO, but under the client company’s Employer Identification Number.
  • Umbrella companies, found primarily in the UK, act as employer of record for independent contractors instead of permanent employees. The contractors become employees of the umbrella company, but do not also become employees of the client. The growth in umbrella companies in the UK is attributed to legislation targeting “disguised income” by contractors performing the same duties as employees but hired via intermediaries.[6] The press release announcing the legislation, IR35, is often used to refer to the legislation itself.
  • Pass-through agencies are staffing firms that act as the employer of record for independent contractors, but do not obtain work for them. Like umbrella companies in the UK, the contractors do not become employees of the client.[7]
  • Global PEO and International PEO services are now being offered. Although the translation of applicable rules and regulations vary from country to country (The USA being the only country to formally recognize the PEO industry in statute.) such companies are able to deliver PEO services in 160 countries.
    https://en.wikipedia.org/wiki/Professional_employer_organization
  • Financial intermediaries, also called fiscal intermediaries, act as an employer of record for home healthcare workers who serve disabled persons. This streamlines the process of hiring such workers, because neither the household hiring them nor government units that provide funding need to take on the duties of an employer.[8] They are part of the self-determination movement in disability care.

PEOs can benefit companies differently. For example, a blue collar organization may see more value in workers’ compensation insurance and vice versa. A variation of a PEO model without co-employment is an administrative services organization.

Employment Outsourced Services

If your company doesn’t want to set up an WFOE (Wholly Foreign Owned Entity), but you will recruit employees temporarily or by project base, we suggest you adopt our Employment Outsourcing Services. It means Evershine will recruit your  expatriate or  local staff on behalf of your company. And then we will take care of all kinds of relevant local services including of payroll compliance and expenditure process.

Service Coverage:
*Work Permit Application recruited by Evershine
*ARC (Aliens Resident Certificate) Application
*Arranging Pick-up in International Airport
*Arranging hotel or renting residence
*Arranging Trading center or Office renting
*Arranging opening bank account
*Arranging Cell Phone or Car renting
*Payroll Compliance
*Arranging Employees’ expenditure
*Annual Personal Income Tax when an Expatriates stay in Taiwan over 183 Days in a year.
*Other local services

*If you want to use your own  WFOE to execute payroll compliance, we will help you form it.

Service processes:

*Evershine will sign Labor Contract with your expatriates or local staff based on the term of your Employment Contract. At that same time, Evershine will sign Service Subcontract Agreement with your company.
*Evershine will apply work permit and ARC for your expatriates.
* Evershine will provide all relevant local service like airport pick-up, office arrangement, cell phone application, residence arrangement, bank account opening and medical insurance etc.
*Evershine will take care of payroll calculation and expenditure payment request of these expatriates and local staff. Then let you approve each payment and monthly payment sheet.
*Evershine will ask your company to pay us three-months salary as deposit fund before we pay salary and expenses to your expatriates and your local staff.
*Evershine will take care of wiring process to your Expatriates and Taiwan local staff.
*Evershine will take care of payroll compliance in Taiwan.

Advantages and disadvantages:

* Advantages: Adopting Evershine Employment Outsourcing Services, you need not to maintain a legal entity. You can quickly to assign a person. Of course you can withdraw your activities  very easily.
*Disadvantages: Adopting Evershine Employment Outsourcing Services, when you pay us Expatriate cost including salary and its expenditures, it need to add up  Value Added Tax according to  tax regulations. That will increase your cost plus VAT rate when comparing with executing payroll compliance by your own WFOE.
*The conclusion is: When your employment is few people and short-term, you can adopt our Employment Outsourcing Services. And when your operation become stable and long-term, you need to set up your own WFOE . Remember we can provide payroll compliance services to you in both scenarios.

Contact Us:

Evershine CPAs Firm
6th Floor ,378, Chang Chung Rd, Taipei City, R.O.C.
Mr. Jerry Chu, well English speaker ,Graduated from USA Graduate School
E-mail: payroll.taiwan@evershinecpa.com
TEL: +886-2-27170515 #103
Mobile Phone +886-939-357-735

All Services in Taiwan

Company registration,Open bank account,
Work Permit and Visa application;
Online Accounting Services,Payment Services,
Payroll compliance Services, Labor Management Services
Tax Compliance Services; VAT and Income Tax
B2B Digital Marketing Services; Trademark Registration;
Patent application; Due Diligence for M&A project,

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Taiwan Tax Benefit

For enterprises that received approval for this tax benefit, the withholding tax rate on its income from Taiwan will be reduced from 20% to 3% or 2%.
Businesses whose headquarters are outside of Taiwan must apply for the tax benefit described in Article 25 of Income Tax Act with the Ministry of Finance and 15% of its business revenue within Taiwan would be the taxable income.

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All Services in China

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Company Registration,
Open Bank Account,
Work Permit and Z Visa;
Payroll compliance services;
Online Accounting Services;
Payment services;
Trademark registration;
Due Diligence for M&A Project

All Services in APAC

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We act as your in-house accountant supported by cloud accounting and payroll system.
We are a member of LEA and IAPA.
Our affiliated companies are located at APAC major cities.
We are featured in providing services to the overseas entities of MNC (Multi-National-Companies) parent companies.