Chartered Certified Accountants,
Registered Auditors & Tax Consultants Quayside House

1-2 Princes Street, Tralee
Tel: 066 7129579

16
November 16th Deadline
Through ROS online - ros.ie
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Payroll

Our Payroll Department provides a payroll service to various businesses, ranging from the small sole trader to multi-nationals, from the service sector to the manufacturing sector

We cater for all employee categories. 

Even if you don't need a full payroll service, we can be there to assist and advise you on a range of payroll issues.

We aim to provide a service that allows you the flexibility to grow most effectively and efficiently through clear planning and focusing of resources in a meaningful way to ensure a very practical solution. The philosophy is underpinned by regular communication between our engagement team and you. 

Providing prompt, high-quality feedback on issues arising from our work is one of the ways in which Timothy & O’Connor will greatly assist your business. 

The payroll function is a critical yet non-core part of your business and with changing regulations and controls, many companies underestimate the cost of processing payroll, by failing to account for the hours spent and resources allocated to pay employees and maintain payroll paperwork.

Businesses that process payroll "in-house" are regularly faced with a number of dilemmas, such as changes in tax legislation, costs associated with the recruitment and training of specialised staff equipped to deal with these changes and also the confidentiality of this important employee information.

Many businesses are now choosing to outsource their payroll function for some of the reasons below:

  • Reduce & control costs
  • Legislative Compliance
  • Payroll Helpdesk
  • Confidentiality
  • Security and peace of mind
  • Complete business continuity
  • Time to focus on core demands within the business

As we work with many clients in a diverse range of industries we review how our client operates and will build a customised solution to suit their specific needs.

The payroll services we offer are outlined below:

Payroll Processing

  • Preparation of weekly, fortnightly, monthly payroll
  • Process documentation for Starter/Leavers
  • Pro rata salary and allowances as instructed
  • Benefit in Kind calculations
  • On line Filing P45's & P30's

 
Payslips

  • Provision of printed payslips onto pre-printed stationery
  • Duplicate payslips available on request

Reporting

  • Provision of standard & customised reports on request
  • Easy access to historical reports
  • Reports in Text & HTML for easy export to Excel
  • Third Party reporting option (Pension, VHI etc)
  • Audit Trail Reporting

Bank Transfer

  • Electronic Fund Transfers direct to employee Bank account
  • Use of Timothy & O’Connor Client account provided, if required

Pensions

  • Management of full pension administration
  • Pension Deductions
  • Payment to Pension provider
  • Reporting & Reconciliations

Staff Expenses Payment Option

  • Provision for recording & payment of employee expenses
  • Ability to report on client expenses

HR Module & Reporting

  • Calculation of annual leave entitlements
  • Calculation of public holiday entitlements
  • Training History Log
  • Salary movements History Log
  • Annual Leave History Log
  • Changes to Tax Credits History Log
  • Payroll Elements-Payments/ Deductions

Annual compliance

  • On-line filing of P45's, P30's & P35's
  • CSO Returns