Payroll Outsourcing Services
GroForth provides high-quality, reliable payroll services for a broad range of businesses, from large SMEs to entrepreneurial start-ups. As well as providing day-to-day back office support, GroForth offers specialist expertise to make it easier for you to keep up to date with changing legislative requirements
Our Payroll Services
We tailor our payroll packages to suit your individual needs. Our services include:
- Payroll Set-Up: Whether it’s your first payroll or you’re transitioning mid-year, we will ensure your set-up process runs smoothly. We only use Revenue-compliant payroll software to ensure your payroll is correct and compliant right from the outset.
- Payroll Calculations: We deal with all aspects of payroll calculation including taxes, pensions, and BIK. Our expert team will work with you to calculate and apply redundancy and termination payments, as well as statutory benefits like maternity and sickness pay.
- Payroll Processing: We process your payroll at a frequency that suits your business needs—weekly, fortnightly, monthly, or a combination.
- Revenue Submissions: We communicate with Revenue on your behalf—from filing payroll submissions, to making payments and dealing with corrections.
- Employee assistance: We provide secure, password-protected payslips, and can assist with any queries your employees may have regarding their pay.
- Annual leave management: We calculate and keep track of your employees’ annual leave entitlements
Benefits of Outsourcing Payroll
For many businesses, outsourcing payroll is a sound business decision as it achieves reliable continuity of service and can reduce the costs normally associated with this specialist function. Key benefits of outsourcing payroll include:
- Compliance: Payroll regulations are changing constantly—we keep up to date with legislation, so you don’t have to.
- Timeliness: No more stress about remembering deadlines—we work proactively with you to ensure your employees are paid correctly on time, every time.
- Expertise: Our IPASS accredited team can provide accurate advice and assistance to you and your employees, on all aspects of payroll.
- Convenience: We can run payrolls to a schedule that suits your business, and provide secure payslips via email or online self-service.
- Consistency: Eliminate the risk of relying on a single in-house payroll specialist—we provide a team of IPASS qualified payroll professionals to ensure your payroll is run correctly and on time, regardless of staff sickness/holidays.
Payroll modernisation came into effect on 1 January 2019, and has modified the way employers submit their payroll information to Revenue. Some of the most significant changes are the elimination of forms such as P30, P35, P45 and P60. Payroll submissions to Revenue must be made each time a payroll is processed—whether this is weekly, fortnightly, or monthly, and must be made before payment is made to employees. Read more on payroll modernisation here.
The best way to check active employments and reallocate tax credits is through Revenue’s MyAccount service. If an employee is unable to create or login to their MyAccount, the employee helpline phone number for Revenue is: 01 7383636. Before contacting Revenue, your employee will need to make sure they have their PPS number and your employer’s PAYE registration number.
A benefit-in-kind (BIK) is a non-cash benefit (such as a company car or subsidised accommodation) that you provide to an employee. You must deduct PAYE tax, PRSI, and USC from your employee’s pay on the value of any BIK. There are complex rules around the taxation of BIK with different rules for different types of benefit. More information can be found on the Revenue website.
All employees have a basic annual leave entitlement of 4 weeks. For permanent employees with set hours, annual leave is relatively straightforward to calculate and apply. However, if your employee is on a temporary contract or works variable hours, the calculation is more complex. Information can be found here. Holiday pay should be paid at the employee’s normal rate of pay. Most employees are also entitled to paid leave on public holidays. Instead of giving employees a paid day off you can instead give an extra day of annual leave in lieu, or an additional day’s pay.
The TWSS allows eligible employers to claim a subsidy of up to 85% of employee’s average wages. Employers must be able to demonstrate that they have lost 25% of their trade to qualify. This subsidy can only be claimed for employees who were on employer’s payroll in February 2020. The TWSS commenced in May and has been extended until 31 August 2020. More information on the TWSS can be found HERE
The EWSS will replace the TWSS scheme from 1 September 2020 and will run until April 2021. To qualify, employers must be able to show a reduction of at least 30% in turnover. Eligible employers will receive a flat-rate subsidy of up to €203 per week per employee, including for seasonal staff and new employees. New firms operating in impacted sectors will also be eligible. Further guidance on the operation of this scheme will be released by Revenue in the coming days.
Managing payroll can be a stressful and time consuming task at the best of times so it is not surprising that many businesses are asking