Customer Payroll Challenge:
This client operates in a fast-paced, rapidly growing sector. Securing highly-skilled, creative and mobile staff is vital for their development. Moving staff to their European base needed to be a seamless process and ensuring their payroll and personal taxation was managed efficiently was of major importance. The client had no local knowledge and therefore the process of managing an in-house payroll clerk was not an option because there would have been insufficient levels of management supervision. The client chose to outsource … they chose Paycheck Plus for their outstanding experience in this field.
Setting up new companies in Ireland is quite straight forward – when you have the local knowledge. Paycheck Plus managed this entire process for the client. From registering the client as an employer, to establishing processes for engaging local and international employees and to setting up the payroll in a tax efficient manner Paycheck Plus made the process simple. Every step of the way, Paycheck Plus informed and educated the client to ensure they understood the process and the purpose and that it ultimately ensured they were complaint from a legal and taxation perspective.
The Paycheck Plus Operations Manager, in conjunction with their Financial Analyst, developed a nominal reporting system that allowed this client to allocate staff costs across a variety of international cost centres depending on the projects that employees were working on. This saved the Finance Director several days per month breaking out figures and manually writing up reports every single month.
Employees on secondment are always concerned about the level of taxes they pay locally, availing of all their entitlements and their compliance with taxation in their country of origin. Paycheck Plus provided a tailored guide to being an employee in Ireland for staff and through the dedicated Paycheck Plus Employee Assist Helpline they were able to answer any exceptional questions, in confidence.
For this international software client, Paycheck Plus delivered a cost-effective service that allowed them to focus on growing their business and developing innovative new products, without worrying about the process of being an employer.
If you would like Paycheck Plus to do the same for your business, talk to us today.