Thinking about outsourcing your payroll? This is one of the most popular tasks to outsource to specialists. Whether you’re sole trader or a limited company, you need to operate a payroll if you plan on employing any staff so it may be worthwhile outsourcing this task.
Here we outline the benefits of letting an expert take care of your payroll services and what you can expect from Accountant Online.
Why Outsource Payroll?
Some of the main benefits include:
- Both sole traders and limited companies in Ireland need to register for employer’s taxes if you employ any staff. You are responsible for deducting the appropriate PAYE tax, USC and PRSI from your employee’s wages and many startups may not have experience doing this
- Greater confidentiality around staff salary and compensation
- Reassurance that your company’s payroll is handled by specialists means that you are compliant with tax legislation
- Accounting, HR and administrative staff being able to focus on other higher value tasks
- Access to the expertise of payroll specialists without the burden of having to train and keep up to date with employment tax legislation
Why Accountant Online?
- Specialist Knowledge: Our payroll specialists are IPASS qualified and have reached QQI Level 5 Manual and Computerised Payroll. Accountant Online’s payroll team are kept up to date with Irish Revenue and HMRC guidelines through Continuous Professional Development updates and training so you can be confident that your business is compliant. Check out our latest article on PAYE modernisation that is being introduced in January 2019.
- Accountancy expertise: Payroll is an integrated part of our accountancy practice and therefore all the services we offer are provided with an accountancy background. You will have the benefit of accessing support from a team of experienced accounting professionals
- Client Account Management: If you are transitioning from an in-house payroll department to an outsourced payroll service or you have been managing it yourself, we have a dedicated team to support you. You will be assigned a client account manager to audit your existing processes, identify compliance needs and management reporting needs. Your account manager will follow up regularly to ensure that you and your staff are supported and well informed. Accountant Online is focused on offering an excellent experience so you have efficient service
- Customised Reports: We use the latest software which allows production of a range of reports, as frequently as required, for all levels of analysis.
Accountant Online’s Payroll Service Includes:
- Calculation of basic pay, overtime, bonus, PAYE and National Insurance liabilities, Statutory Sick Pay, Statutory Maternity Pay, pensions, holiday pay
- Revenue registration as a new employer, new employee, and leavers
- End of year processing & Revenue Return Filing & Payments: P60, P35, P35L
- Dispensation Applications and P11D Returns for expenses and benefits
- Electronic payslip delivery – to each staff member or to a central contact
- Bespoke payroll management reports
- Revenue returns and payments
- Electronic payroll journal production
- In-house training for HR, Payroll and Finance staff
Accountant Online’s team is very efficient. They are very responsive, always on the other end of the phone – Aran McGonigle, Foyle and Marine Dredging
Cross-Border Employee Payroll
Do you have employees in both Ireland and the UK?
We have expertise, qualifications, and experience in both Irish Revenue and UK HMRC employment tax law. This is great especially if you allow remote working and would like to hire staff from Ireland and UK.
At Accountant Online, we include payroll in our fixed fee pricing model. Fees are dependent on the number of employees on payroll and are charged monthly. To avail of our payroll services, there is a once-off charge of €150+VAT for Irish companies and €300+VAT for non-Irish companies.
Once you are set up, the following fees apply thereafter:
Monthly Fee and Number of Staff on Payroll
- €40 plus VAT per month for up to 5 staff
- €50 plus VAT per month for between 6 and 10 staff
- €60 plus VAT per month for between 11 and 15 staff
- €70 plus VAT per month for between 16 and 20 staff
- €80 plus VAT per month for between 21 and 25 staff
The Payroll Service from Accountant Online is really very good, they are an efficient team, I’d highly recommend them to any business looking to outsource payroll. – Brian Rooney BR Mechanical Pipework Ltd
Would you like to hear about our additional services for startups?