The payroll domain is dynamic and requires meticulous attention to constantly evolving labor and tax regulations. Employment conditions, social benefits, taxation, payroll compliance, employer-employee relations, stock-based compensation, employee onboarding and termination, reserve duty, maternity leave, sickness, national insurance issues, work-related accidents–these are just some of the day-to-day challenges payroll accountants must navigate.

Our outsourced payroll department offers custom-tailored payroll management services based on each client’s needs and scale, from single-employee companies to large organizations with multiple departments and diverse employee types (monthly, hourly, or daily workers). These payroll outsourcing solutions can be part of a full-service bookkeeping and payroll package or as a standalone payroll processing service, depending on the client’s needs.

Our outsourced payroll services include salary processing, payslip generation and distribution, management-level payroll reporting (costs, net liabilities, etc.), and monthly and annual tax reporting as required by law.

We also manage ongoing communication with insurance agents, provide assistance on employment inquiries (vacations, sickness, compensation, working hours, etc.), consulting with specialized legal experts when needed. In addition, we offer clients the option to operate through a trust bank account, allowing all payroll-related payments (net salaries to employees, taxes, social benefits, loan repayments, employee expense reimbursements, etc.) to be processed from this dedicated payroll trust account.

Thanks to our team’s professionalism, discretion, and expertise, Shimony Financial Services is recognized as a trusted outsourced payroll partner for executives, HR managers, and finance departments in leading companies across Israel.