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Proper Keeping of Wage a d Employment Recordshttp://www.labour.gov.hkJuly 2015Foreword This booklet sets out the major provisions of the Employment Ordinance on wage and employment record keeping,

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How to fill out proper keeping of wage

How to fill out proper keeping of wage?

01

Gather all necessary information: Make sure you have all the required documents such as employee time sheets, pay stubs, and any other relevant financial records.

02

Calculate wages accurately: Calculate the total amount earned by each employee for the specific period. This includes regular pay, overtime pay, bonuses, commissions, and any other forms of income.

03

Deduct taxes and other deductions: Take out any applicable taxes, social security, Medicare, or other deductions according to the applicable laws and regulations.

04

Record all payroll expenses: Keep a detailed record of all expenses related to payroll, including employer taxes, benefits, and any other associated costs.

05

Be consistent and organized: Maintain a consistent format and organization when recording and documenting wage information. This will make it easier for future reference and audits.

06

Keep copies of all documentation: Make copies of all wage-related documents and store them in a secure location for future reference or auditing purposes.

07

Stay updated with labor laws: Regularly review and stay informed about any changes in labor laws and regulations to ensure compliance with all legal requirements.

Who needs proper keeping of wage?

01

Employers: Proper keeping of wage is crucial for employers to ensure accurate records of wages paid to employees, deductions, and compliance with labor laws. It also helps in minimizing errors and potential legal disputes.

02

Employees: Having proper records of wages allows employees to verify their payment accuracy and ensure they are being paid correctly and in accordance with their employment agreements.

03

Government agencies: Proper keeping of wage is essential for government agencies responsible for monitoring and enforcing labor laws. Accurate wage records help these agencies ensure employers are complying with tax and labor regulations and identify any potential violations.

Overall, proper keeping of wage benefits both employers and employees by promoting transparency, compliance with labor laws, and accurate payment records.

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What is proper keeping of wage?

Proper keeping of wage refers to accurately recording and maintaining records of an employee's wages and compensation.

Who is required to file proper keeping of wage?

All employers are required to file proper keeping of wage for their employees.

How to fill out proper keeping of wage?

Proper keeping of wage can be filled out by recording details such as employee name, hours worked, rate of pay, and total compensation in a designated form or software.

What is the purpose of proper keeping of wage?

The purpose of proper keeping of wage is to ensure transparency and compliance with labor laws, and to accurately document employee compensation.

What information must be reported on proper keeping of wage?

Information such as employee name, hours worked, rate of pay, total compensation, and any deductions must be reported on proper keeping of wage.

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