How do you even calculate a payslip anyway? What are the taxes you need to know about, when and how to pay this to Revenue? How do you know when to register as an employer? As a business owner you worry. You need to ensure your business is compliant with the Employment Law. Fines and penalties can run into the thousands. It can also lead to reputational damage, or worse, sink your business altogether.
Every business is different and has specific requirements with regards to their payroll needs. We’ve got you covered – we deal with all routine aspects needed. Our Payroll Team has in-depth knowledge of schemes and employee entitlements. We use the best technology which links to Revenue’s systems for a seamless calculation and remittance of taxes.
The following process is typically followed:
- Dealing with new starts and leavers
- Managing salary increases and bonuses
- Processing monthly payroll
- Preparing payslips and sending to employees (PIN-protected)
- Preparing payroll settlement summaries
- Preparing bank transfers payroll file
- Maintaining a master audit file of all changes
- Calculating the total tax liability to be remitted to Revenue
- Preparing and uploading all CSO EHECS survey files
- Preparing bespoke reports and journals for your accounting system
Products that may be relevant to you
Employment Taxes Registration (on ROS)€149.00
Zoom/Google Meet Advice Session (with Mark Sweetman, ACA)€25.00 – €99.00
UK and Scotland Payroll Spreadsheets€2.50
Sole Trader Drawings (Take Home Pay) Spreadsheet€2.50
Frequently Asked Questions
Pricing for our payroll services includes a base fee which is based on the frequency of your payroll, a fee for each employee, and the number of extra forms that need to be filed with Revenue. Other contributing factors include garnishments, SML, new hires, and if you’re doing business in other countries.
We’ll need the information found on each employees’ P60 or P45. Also, information about how you pay each employee (i.e. hourly, salary, commission), and if you provide bonuses. Lastly, we would need to know about any recurring voluntary or involuntary deductions from employees’ checks and in some cases, whether they are qualified pre-tax deductions or not.
We would also need to know their personal information (using our form).
After you provide us with the basic information, we do the rest. Everything is scheduled electronically for payslips to be emailed out.
We can also automatically calculate and schedule payroll taxes electronically from your business account. We will also submit your quarterly tax reports and annual returns using ROS.ie
Outsourcing payroll saves time and money. It is actually less expensive to have an outside service process your payroll when you factor in all the variables. You also get the peace of mind of having a payroll professional making sure that you are in compliance.