Payroll Services

What is PAYE Payroll?

PAYE, or Pay As You Earn, is a system used by employers to deduct income tax and other related deductions from employees’ wages before they are paid. This system is crucial for ensuring that employees meet their tax obligations without the need for large end-of-year tax bills. Compliance with PAYE regulations is not just a legal requirement but also a significant responsibility for employers, making accurate and timely payroll processing essential.

Why Choose Lalor and Company for Payroll Services?

Choosing the right payroll service provider can make all the difference. Lalor and Company brings expertise and a personalized touch to payroll management, ensuring that your business meets all legal requirements while also optimizing efficiency. Whether you’re a small business or a large corporation, our services are tailored to fit your needs, ensuring that your payroll is managed accurately and on time.

Comprehensive Payroll Services Offered

At Lalor and Company, we offer a full suite of payroll services designed to take the burden off your shoulders:

• Bookkeeping Services: We provide meticulous bookkeeping services, ensuring that all financial records are up to date and accurate. This forms the foundation of efficient payroll management.
• Computerised Payroll Software: Our use of advanced payroll software ensures accuracy in calculations and efficiency in processing, minimising the risk of errors.
• Preparation of Wages and Pay Slips: We handle the preparation of wages, pay slips, and all supporting documentation, ensuring that employees are paid correctly and on time.

Monthly and Quarterly PAYE Returns

One of the most critical aspects of payroll management is the timely submission of PAYE returns. Lalor and Company handles the entire process, ensuring that your business remains compliant with Revenue Commissioners. We manage both monthly and quarterly PAYE returns, making sure that all payments are made on time, thus avoiding any potential penalties.

Handling Employee Queries

Payroll can often be a source of confusion for employees, particularly when it comes to understanding deductions and taxes. Lalor and Company offers comprehensive support for handling general payroll-related employee queries. We ensure that all queries are dealt with promptly and professionally, helping to maintain a positive relationship between you and your employees.

Special Payroll Calculations

Some payroll calculations require a bit more expertise. Lalor and Company specialises in handling complex payroll scenarios such as:

• Foreign Earnings Deduction (FED): We ensure that employees who qualify for FED are correctly identified and that the appropriate deductions are made.
• Special Assignee Relief Programme (SARP): We also handle the compliance and calculations related to SARP, ensuring that your business meets all necessary requirements.

Additional Accounting Solutions

Beyond payroll, Lalor and Company offers a range of accounting services that can support your business:

• VAT Services: We help with the accurate calculation and timely submission of VAT returns, ensuring compliance with all relevant regulations.
• Full Bookkeeping Support: Our bookkeeping services are comprehensive, covering all aspects of financial management to keep your business running smoothly.

The Benefits of Outsourcing Payroll

Outsourcing your payroll to a professional service provider like Lalor and Company comes with numerous benefits:

• Time Savings: With payroll off your plate, you can dedicate more time to growing your business and focusing on strategic activities.
• Reducing Errors: Professional payroll services reduce the risk of errors, ensuring that all calculations are accurate and compliant with regulations.
• Ensuring Compliance: Staying compliant with tax and employment regulations is crucial. Lalor and Company keeps up-to-date with all the latest changes, ensuring your business remains compliant.

While Lalor and Company can handle and manage the complexities of payroll, we encourage our clients to maintain control over their business’s financial health. We provide the tools and information necessary for you to stay involved and informed, allowing you to make decisions with confidence. Our services are designed to complement your efforts, giving you the best of both worlds—control and expert support.