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Upcoming legal requirements make it essential for companies to review internal processes. The EU Pay Transparency Directive will introduce several changes that affect all employers, even those with only one employee. Although the Finnish legislation with final practical provisions has not yet been confirmed, it is clear that these rules will impact business operations in the […]

In Finland, overtime pay is calculated based on the Working Hours Act (työaikalaki) and applicable collective agreements. Typically, for daily overtime, employees receive a 50% increase on their hourly rate for the first two hours exceeding normal working hours (8 hours) and a 100% increase for additional hours. For weekly overtime (beyond 40 hours), employees receive a 50% increase. Special rates apply for Sunday work and public holidays, which generally warrant a 100% increase. These calculations must be applied to the employee’s personal hourly wage, which includes basic salary and regular supplements. Finland’s overtime regulations are primarily governed by the […]

As an accounting firm with extensive experience, Firmally has observed trends over the years, with payroll outsourcing being a hot topic.  Delegating this task reduces complexities, minimizes errors, and allows focus on core operations, enhancing overall efficiency.   Internal payroll management can be intricate, posing challenges, especially if reliant on a single person. This may

The city of Pargas (Finland) grants servicetickets for business consulting. The goal is to provide flexible and individualized services to both startups and businesses looking to develop their operations. You can use your serviceticket with us.   General Information about the Granting of Serviceticket: Granted to companies already in operation or individuals initiating business activities