PAYROLL MANAGEMENT SERVICES & TAX RETURNS
Outsourcing payroll reduces risk & costs
As a result of the regular changes to payroll legislation, payroll processing is becoming ever more complex. It is the employer’s responsibility to pay wages/salaries to the employee and pay their taxes to the Income Tax Office – HM Government of Gibraltar. Failure to do so will result in hefty fines that could have been easily avoided. Let our team handle all your payroll worries!
What is payroll?
Payroll is one of the key aspects of every business or organisation. It is vital for effectiveness and efficiency that your employees and taxes get paid accurately and in a timely manner. Failure to do so will result in fines & unhappy employees! You can be confident that our team will offer a professional bespoke service at competitive rates, adhering to the highest industry standards.
What are your payroll duties?
Apart from the monthly/weekly wages calculations & payments, there are always ongoing tasks that a payroll office must be aware of such as; changes to contributions, tax reliefs, time sheets, sick & holiday leave & more. Our team will ensure all these tasks have been executed effectively & efficiently. The entire process can be split into various stages:
OUTSOURCING PAYROLL BENEFITS
What are the pros of outsourcing payroll?
Outsourcing payroll allows employers to concentrate on their core business and cut down on employee costs. If you calculate the time spent by your employees on payroll-related activities, plus payroll software costs, training costs, printing and distributing payslips, completing & filing tax documents, processing bank payments to employees etc, you will be surprised at the expense.
Below are listed ten good reasons for a business to outsource their payroll;