Industry · Financial Services
Payroll for Bermuda's financial services sector.
Built for Insurance & Reinsurance, Banking, Asset Management, Funds, and Trusts. PIPA-compliant. BMD/USD ready. Audit-clean. Quarterly PT filings on autopilot.
Built for Insurance & Reinsurance, Banking, Asset Management, Funds, and Trusts. PIPA-compliant. BMD/USD ready. Audit-clean. Quarterly PT filings on autopilot.
Spreadsheets passed between payroll, finance, and HR. Each handoff is a risk. Each quarter end is a fire drill.
PIPA. The Payroll Tax Act. Senior Employment Initiative. Disability Exemption. New Hire Relief. One missed rule = penalties.
Contractor surges around reporting cycles. Mid-year reclassifications. Templated employee setup that does not exist in legacy tools.
External auditors want immutable history. Internal teams want explainability. Most systems give you a CSV and a shrug.
Some employees paid USD, some BMD. BMA-fixed rates. Tax always in BMD. Spreadsheets cannot do this reliably.
You learn about issues at quarter end. By then it is costly. You need anomaly detection in the payroll itself.
Quarterly filings generate themselves in the government's exact Excel format. Across multiple frequencies and currencies.
Every change logged. 7-year immutable retention. Auditors get the trail they want. Your team gets the answer in seconds.
Pay in either currency at BMA-fixed rates. Tax always calculated in BMD. Reporting consolidates both seamlessly.
Patty answers compliance questions on the spot. "Is this employee eligible for Senior Employment Initiative?" Get the answer, with the source.
5-band progressive tax. 8-step catch-up. BMD 1M cap. Always current.
See the bermuda page →13 employer classes with rate lookup and history tracking.
Learn more →Data protection, 72-hour breach notification, consent management.
Learn more →Exempt on first BMD 96,000 of remuneration for Bermudians aged 65+.
Learn more →BMD/USD/KYD at BMA-fixed rates. Tax always in BMD.
Learn more →Government's exact Excel format, auto-generated, ready to file.
Learn more →Maren can run the numbers for your headcount and walk you through compliance specific to FS.
In production this would play.