Franklin and Mayra discuss the private benefits and work tools offered by Human Resources Mexico.
1.) Food coupons / Vales de despensa
2.) IAVE / Toll road card
3.) Savings plan match
4.) Metlife medical, dental, vision, and life insurance (Life insurance is for Mexican citizens only)
5.) Company car in Mexico
6.) Housing in Mexico
7.) Cell phone, laptop, internet service, and more
Most of the private benefits in Mexico are tax deductible if managed correctly in accordance with the tax laws in Mexico.
Human Resources Mexico charges NO FEES for tax deductible expenses in Mexico.
Franklin and Ivonne discuss the Human Resources Mexico special payments procedure...
1.) We need to know whether the amount is GROSS or NET
2.) NET amounts must be "grossed up"
3.) Human Resources Mexico funds all amounts under $2,000 USD - interest free
4.) Special invoices will be generated for all amounts over $2,000 USD
5.) Amounts over $10,000 USD require a second approval by client
6.) The total cost markup factor is applied to all gross taxable compensation in Mexico
Franklin and Ivonne discuss the Human Resources Mexico invoicing procedure, what is included in the invoice, invoice periods, and wire transfer info.