Outsourcing your payroll processing could reduce considerably the accounting workload. The service keeps track of your employees’ records; calculating salaries and wages (including any commissions, bonuses, tax and N.I. deductions, etc); issuing payments to employees normally via online banking, accounting entries to record payroll, issuing monthly FS5’s, annual FS3’s / FS7’s (annual tax declarations) and any other payroll-related services.
We provide “Tax Practitioner” services consisting of the facility to electronically submit the monthly and annual government FSS reports and having real-time access to a statement of balances with the IRD including settlements of monthly dues.