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No business needs to be reminded of the importance of payroll production. It is, however, a function that is assuming a cost out of all proportion to the number of employees actually on the payroll. Baker Tilly Gibraltar can offer a fully comprehensive payroll service tailored to each client's individual needs, providing you with continuity of service, uninterrupted by staff holidays, sickness etc.
We deal with: - PAYE
- Social Insurance
- Pension contributions
- Holiday pay
- Bonus payments
- Christmas savings plans
- Loan repayments
- Statutory Sick pay
- Statutory Maternity and Parental Pay
- Tax arrears deductions
Cost Effective - Just think how much it must cost to produce your payroll “in-house” and the problems you could avoid.- Computer software
- Computer hardware
- Stationery
- Staff training
- Confidentiality of data report
In addition to this, the burden of compliance continues unabated. You need to consider: - Monthly payments
- Form P8A - year end returns
- Form P10 - regarding benefits in kind
- Form P7 - annual certificates to employees
- Form P7A and Form dss/c08 for leavers
And remember, late submission and/or payment of some of the above can result in penalties being incurred!
Baker Tilly Gibraltar offers clients a complete service that can ease your worries and reduce your costs. All we need is your input every month and we can deal with everything else. If you require your employees' salaries to be paid directly into their bank accounts, we can arrange this. We can also arrange for the payment of PAYE and Social Insurance deductions to the Tax Office.
The process is operated in whichever way you prefer but always striving to ensure that the components we handle will be accurate and dealt with in a timely and professional manner. We also recognise the sensitivity of the payroll data and the need to maintain confidentiality. Our systemsBy linking our bespoke payroll package to a specialist reporting system we are able to provide a wide variety of reports to suit your needs: - Gross to net payroll reports
- General payroll reports
- Nominal ledger journal reports
- All relevant end of year reports, Income Tax and Social Insurance returns.
- Income Tax and Social Insurance returns
- Payslips
Our team prepares payrolls for a large number of businesses of all sizes, and is willing to make amendments to payroll details right up to the last moment. This bespoke service is very popular with all our clients, who appreciate the personal touch and regular contact with the team.
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