Payroll Services

Being extremely complicated and surprisingly detachable in the same time, payroll is one of the most popular functions to be outsourced. Outsourcing your payroll is a convenient, confidential and cost effective option through our flexible payroll services. Employing qualified specialists and using tested methodology, we can ensure that your payroll will always comply with the latest statutory and legislative requirements.

Payroll Outsourcing Services Across Europe

Our Payroll services provide a comprehensive, outsourced solution that brings convenience, confidentiality, and cost-effectiveness to your business. Utilising qualified specialists and proven methodologies, we ensure your payroll is fully compliant with the latest statutory and legislative requirements.

Once provided with the timesheets and leave details, we will calculate, reconcile, and report every payroll tax, covering all scenarios from full time to casual staff, resident or non-resident personnel with or without benefits or bonuses. We will provide the information necessary to guarantee that your payments to employees and the relevant authorities are in perfect order.

Reports for your financial accountants, personnel, and management will be compiled in accordance with your requirements.

 

What we do

Our Payroll Services are divided into Standard and Additional services:

 

Standard Payroll Outsourcing Services

  • Gross to Net Calculations: Accurate calculation of employee net pay from gross wages.
  • Payslip Distribution: Efficient and confidential distribution of payslips to employees.
  • Payment File Preparation: Creating accurate payment files for smooth transaction processing.
  • New Joiners and Leavers Administration: Managing payroll changes due to employee entry or exit.
  • Management teporting: Providing detailed payroll summaries for HR and financial journals for finance departments.
  • Tax and Social Security Return Preparation: Handling ongoing and year-end tax and social security documentation.
  • Sick-leave and Maternity Leave Administration: Managing payroll aspects of employee leave.
  • Tax and Social Security Audit Support: Offering support during audits related to tax and social security.
  • On-call Support for HR: Providing immediate assistance for HR-related payroll queries.

 

Additional services

  • Salary and Pay Cost Forecasting: Assisting in predicting future salary and payroll-related costs.
  • Expatriate Payroll Administration: Specialised payroll management for expatriate employees.
  • Cafeteria Design and Operation: Customising and managing cafeteria plans (country-specific).
  • Payroll Treasury: Managing sub-accounts for payroll due to confidentiality requirements.
  • Ad-hoc Consulting: Offering consultancy on various payroll-related issues.

 

Benefits overview

Clients benefit from our Payroll services through:

  • Reduced administrative burden and operational costs.
  • Assurance of compliance with tax and employment legislation.
  • Enhanced data security and confidentiality in payroll processing.
  • Access to specialised payroll expertise and support.
  • Customised reporting and analytics to inform business decisions.

 

Contact us today to learn how we can support your payroll needs and help your business thrive.

 

Read more about…

Human Resource Services

Outsourcing solutions for an airline company

As a new airline our Client was looking for an outsourcing partner to support them right from the beginning with all accounting matters a new company with complex operations can expect. PS was engaged not just to design, set-up but also to assist in operating and continuously improving...

SSC support for a mobile communication company

As various functions from lots of countries were in the process of migrating into the SSC our Client was looking for ongoing support of additional resources from PS. We had to provide qualified and trained temporary replacement who after a minimal transition period was able to take over the necessary tasks and ensure...

Accounting and reporting process improvement

Despite using tailor made solutions, Client was struggling with his accounting and reporting systems which were working unreliably and were unable to satisfy complex management information needs.

Accounting for leasing companies

For leasing companies of a financial institutions we had to take over the comprehensive accounting and taxation services of the property sub-group (52 entities). Client expectations were to meet tight deadlines and complex reporting requirements based on bookkeeping to be continued in their special accounting system.

Due diligence support for a media company

PS was assigned to carry out a due diligence before an acquisition deal among two significant players within the industry. Our Client was expecting a report on compliance with accounting and tax regulations as well as support in analysis future cash flow projections to validate income and expenditure assumptions...

Fast clean-up for a real estate company

The accounting books of the Client were in a mess, account balances were unreconciled and they were also late with tax return filings. We were asked for immediate support as they were preparing the Company for sale.

Payroll services in state and government sector

After winning the contract, PS had the opportunity to provide payroll and cafeteria administration services for a client in the governmental sector. The transition period was challenging, as less than 2 months were left to take the client over from the previous service provider and to set-up the new payroll system and cafeteria processes.

Process improvement at a global media company

Our Client had diverse solutions and systems for finance accounting and management reporting functions. They were looking for less manual processes, recommendations for automation opportunities and strengthened internal controls.

Consolidated financial statements

Our Client is an active investor on the real estate market. In addition to ongoing accounting services PS was assigned to provide consolidated financial statements for the Stock Exchange and assist in the statutory audit twice a year by adhering to strict internal deadlines.