Sprout’s Free Payroll Tool Helps Small Businesses Thrive

Small businesses in the Philippines make up 99 percent of the economy – a true force to be reckoned with. As the majority of all Philippine businesses, they help drive and stimulate economic growth for the country, helping tens of millions of individuals in the process. As an HR tech company, Sprout is fully committed to helping small businesses realize their full potential and collectively strengthen the Philippine economy even further.

Sprout wants to make an impact to the lives of every Filipino by improving business in the country – it starts with the growth of small businesses fueled by our free payroll software. We’re giving small businesses the freedom to focus more on their business growth strategies and less on doing repetitive and manual tasks such as payroll processing.

With Sprout Payroll now made free for small businesses, we’re helping small businesses become efficient and fully compliant with the government. Sprout Payroll supports all 21 government forms and automates them, taking away the stress of manually filing these forms. It also supports up to 32 different pay types, allowing small businesses to effortlessly compute employee salaries with just a few clicks.

Payroll disputes and issues are things of the past, thanks to a fully automated computation of government-mandated deductions and adjustments. Payroll teams can access their Sprout Payroll dashboard anytime and anywhere there’s an internet connection. Employee data is safe and secure thanks to Sprout’s compliance with the Philippine Data Privacy Act and the globally recognized ISO 27001:2013 standard for information security management systems.

Sprout knows how tough it could get to handle payroll requirements of a small business and being fully compliant with Philippine labor regulations – with Sprout Payroll now made free for small businesses with up to 50 employees, we’re empowering small businesses to spend their time on the things that matter most.

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Find more information about Sprout Payroll for Small Businesses through this link. You may also refer to these articles:

https://www.adobotech.net/sprout-solution-digital-payroll-solution-to-smes/
https://www.techpatrl.com/sprout-offers-digital-payroll-solution-to-smes/
https://www.dotdailydose.net/2019/11/21/sprout-offers-digital-payroll-solution-to-smes-innovative-tech-helps-businesses-stay-fully-compliant/

The post Sprout’s Free Payroll Tool Helps Small Businesses Thrive appeared first on Sprout.

source https://sprout.ph/blog/sprout-payroll-free-small-businesses/

13th Month Pay Basics in 2019

‘Tis the season to be jolly, they say – the holiday season brings the best of things, including the most anticipated 13th month pay. In the Philippines, companies tend to give their employees with what’s called a 13th month pay. It’s a form of gratitude and support of the companies toward their employees for their hard work during the year. But there are many details involved in this gesture – some of which will be discussed for clarity in this blog.

Without further ado, here’s all the basic stuff you should know about the 13th month pay.

What is the 13th month pay?

It’s a form of payment given out to all rank-and-file employees, regardless of their employment status and the way they are paid, who have worked for at least one month during the year.

What is a rank-and-file employee?

A rank-and-file employee is an employee who does not have managerial duties such as hiring or suspending other employees.

How much is the 13th month pay?

It must be at least one-twelfth (1/12) of the total basic salary earned by a rank-and-file employee for the year. It does not include allowances and other cash benefits, which are not part of an employee’s basic salary.

When is the 13th month pay given out?

Eligible employees who have rendered at least one month of work during the year should receive their 13th month pay on or before 24 December of the same year.

Which employers are not eligible to give out 13th month pay?

The government, companies that run a similar payment scheme, persons in the personal service of another, and companies paying their employees on a purely commission, boundary, or task basis are exempted from giving out 13th month pay.

I’m working for multiple employers. Am I still eligible to receive 13th month pay?

As long as your employer isn’t exempt, you will receive your 13th month pay from each of your employers, as long as you have worked for at least one month for every eligible employer during the year.

I resigned from my employer before the year ends. Am I still eligible to receive 13th month pay?

You’ll receive your 13th month pay based on the length of time you’ve worked during the year. For example, if you resigned last September and you’ve been with the company since January, you should receive one-twelfth (1/12) of your total basic earnings from January to September of the current year only.

I got separated from my employer before the year ends. Am I still eligible to receive 13th month pay?

You’ll receive your 13th month pay based on the length of time you’ve worked during the year. For example, if you were separated from your company last September and you’ve been with the company since January, you should receive one-twelfth (1/12) of your total basic earnings from January to September of the current year only.

Is my 13th month pay taxable?

As long as the value of your 13th month pay does not exceed ninety thousand Philippine pesos (Php 90,000), it is not taxable.

The post 13th Month Pay Basics in 2019 appeared first on Sprout.

source https://sprout.ph/blog/13th-month-pay-basics-2019/

Official Philippine Holidays 2020

It’s time to plan your 2020 getaways! The official calendar for 2020 Philippine holidays has just been released by the Malacañang Palace on November 15.

According to the Proclamation Number 845 signed by President Rodrigo Duterte, there are 10 regular holidays and 9 special non-working holidays. There are some holidays, however, that can’t be officially announced yet due to their unpredictable nature – these are the Eid’l Fitr and Eid’l Adha Islamic holidays.

The upcoming year also has two regular holidays occurring on the exact same day – these are the Araw ng Kagitingan (Day of Valor) and Maundy Thursday, both of which are happening on the 9th of April. Double holidays are a rare occurrence, but Sprout’s payroll software can handle these types of pay computations as well as 31 other pay combinations.

Here’s a visual look on these upcoming holidays, so feel free to check them out and start planning your leaves for next year!

The post Official Philippine Holidays 2020 appeared first on Sprout.

source https://sprout.ph/blog/official-philippine-holidays-2020/