Payroll Tax Act
5-band progressive tax (0.25% to 12.50%). 8-step catch-up methodology. BMD 1M annual cap per employee.
A-M Classifications
All 13 employer classifications. Rate lookup, effective-date tracking, classification change management.
Social Insurance
Flat BMD 35.92/week, 50/50 employer/employee split. Annual remuneration ceiling of BMD 69,000.
Health Insurance (HIP)
Health Insurance Plan calculations. 50% of premium treated as taxable benefit per Bermuda rules.
Pension Compliance
Mandatory 5% + 5% for eligible employees aged 23 to 65. Non-resident pension tracking. Pre-tax sequencing.
Employment Act 2000
Leave entitlements, 7-year record retention, maternity/paternity leave with payroll tax exemption.
New Hire Relief
2022 to 2026 program tracking with Pending/Approved/Denied workflow. Employer tax exemption on qualifying new hires.
Senior Employment Initiative
2026/27 measure: employer exempt on first BMD 96,000 of remuneration for Bermudians aged 65+.
Disability Exemption
Full employer payroll tax exemption for employees with approved disability status. Effective-date tracking.
PIPA
Personal Information Protection Act. Data protection, 72-hour breach notification, consent management.
Parish Reporting
Geographic workforce distribution by Bermuda parish. Economic Empowerment Zone location tracking.
Quarter-End PT Calculator
Auto-populates the government's exact Excel format. Band breakdown, multi-currency, multi-frequency.
Bermuda Banks
Payment file generation for HSBC, Butterfield, Clarien. ACH-compliant formats out of the box.
Bermuda Currency
BMD as base. USD and KYD support at BMA-fixed rates. Tax always calculated in BMD regardless of payment currency.
ROC Numbers
Registrar of Companies number tracking for every legal entity. Validation and history built in.
Government Forms
Automated generation of required filing forms including PR1, with box-number mapping to the government website.
Minimum Wage
Multi-tier validation: Jurisdiction → Company → Cost Center → Position. Bermuda-specific tip top-up handling.
Work Authorization
Immigration compliance with work permit tracking and expiration alerts. Multi-country support.
