Payroll in Mexico: Processing Services

NAPS offers comprehensive payroll processing services in Mexico within our accredited full-service accounting department of over 20 years of in-house CPAs and payroll specialists. Outsourcing payroll processing in Mexico to NAPS ensures compliance with all social security, fiscal, tax and Mexican labor laws. This includes registering with the Mexican Social Security entity as an employer and adhering to tax registrations set by the local governing bodies. By focusing on governmental compliance, NAPS ensures your manufacturing or service operation will not be subject to fines, sanctions and work suspensions due to inaccurate payroll services. These include deductions of income tax contributions.

In March 2012, NAPS was recognized by the National Association for the Maquiladora Industry (AIM) and INFONAVIT for our commitment to fulfilling payroll tax obligations in a timely manner, along with well-being indicators like showing living wages and other social responsibilities to its workers. NAPS received the “Empresa de 10” award for meeting 100% of its contribution obligations in the past 10 bi-monthly periods. Joaquin Escamilla Orozco, Deputy Director for Tax Collection at INFONAVIT delivered the recognition awards at the monthly meeting of AIM in Tijuana.

Every company operating in Mexico is ultimately responsible for meeting its fiscal obligations under the law, whether or not they outsource the hiring of employees. Take advantage of our Mexico payroll processing services, while NAPS assumes all administrative responsibilities to ensure your personnel meet all requirements mandated by the Mexican Labor Law. From ensuring employees provide the necessary personal documentation, as well as registering for social security, insurances and other prerequisites required for payroll services.

Select List of Mexico Payroll Processing Services

(but not limited to the following):

• Weekly payroll processing; generation of weekly reports
• Payroll is paid electronically through the bank the company chooses
• Generation of monthly, bi-monthly or annual reports for external auditors (depending on client’s specifications)
• Calculation of the monthly and bi-monthly amounts for SUA (Sistema Unico de Autodeterminacion), in compliance with the Mexican Social Security Institute. Generation of an electronic file for payment of these amounts.
• Calculation and preparation of all fluctuating expenses on a bi-monthly basis.
• Calculation and reconciliation of the monthly Fonacot quotas. Fonacot is a fund that supports workers in the acquisition of goods and services. Fonacot receives contributions from 3 sources: the Federal government, the employer and the worker
• Payroll processing for Aguinaldo (Bonus Payment), the savings fund, holidays and PTU (profit sharing), as well as any other special payroll requests on behalf of the client.
• Generation of the annual statement for wages and salaries

*The services offered can be modified depending on the needs of each client

Contact NAPS below for more information about payroll processing services in Mexico