What is the significance of social security income generation?

1. What is the meaning of social security agency income?

The income from social security agency means that social endowment insurance is not paid directly to individuals by the local social security bureau. It is managed by the relevant entrusted bank, so it is directly entrusted to the bank for assistance when it is finally released. It is a financial intermediary business in which financial institutions pay labor remuneration for employees of government agencies, enterprises and institutions.

Second, the social security institutions related matters needing attention:

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2.2. If the payment is not collected in place, the social security agency needs to inform the insured unit to pay by check or credit card at the counter of the social security agency as soon as possible. This process often takes 15-20 days, and because the payment can only be collected once a month through the special entrustment of the same city, once the insured unit fails to pay the fee, it needs to pay it back to the social security agency in the district or county where it is located, otherwise it will cause late fees and bring a lot of inconvenience to the insured unit.

Third, can social security help pay wages?

Yes, the service scope of social security assistance includes salary payment, social security payment, file management, commercial insurance, tax withholding and payment, etc. Paying social security has nothing to do with it! As long as your company's account is basic deposit account!

Four, there are three ways to pay wages:

1. Cash payment

2. Private remittance

3. Bank agent

Among them, bank payment is salary payment. When there are many employees in the company, the first two are more troublesome. It is more convenient to find a bank to pay for it at this time.

Wage payment is the most commonly used way, both in formal enterprises and companies. Through the contract with the bank, the employee's salary is transferred to the company's enterprise account, and then paid by the bank. In this way, all the salaries received by employees are paid by a bank, but the company name and salary will be written in the remarks. But for enterprises, it is necessary to open enterprise accounts and pay enterprise income tax. If the employee's salary is relatively high, he/she also needs to pay personal income tax. Therefore, small-scale companies are generally reluctant to pay wages on their behalf.