Complete, high-quality and confidential payroll services tailored for small-to-medium businesses and start-ups
- PAYE Modernisation
- Payroll for small to medium businesses
- Payroll for Start-ups
- Cost-effective payroll with reduced risk for employers
- Tailored payroll services to suit your business
- Payroll legislation and regulations
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Our Payroll Services Experience
With over three decades experience, we are proud of the personal and professional payroll services provided by our expert team in Cork. What sets Russell & Co. apart from your standard payroll provider is that we are always looking to improve your business. We use our expertise to save that extra bit for you and make improvements where necessary when carrying out your payroll.
What are the benefits of outsourcing Payroll?
Payroll is an essential part of every business. When there are errors due to miscalculation it can lead to a number of issues, from dissatisfied employees to Revenue fines. Our expert team provides payroll services in Cork to keep your business on the right track, save you money and ensure that you are complying with all the Revenue regulations.
Payroll services for start-ups
Russell & Co. have over 40 years expertise helping clients start their own business. We use our specialist knowledge to guide our start-up clients through the payroll process and to get them up and running. The first step in our payroll services for start-ups is registering the new business for Employer P.A.Y.E.
At Russell & Co, we feel that new businesses benefit from having a basic understanding of the Payroll process themselves. That’s why we take the time to work with our clients so that understand the P.A.Y.E system which is beneficial for them going forward. Also, we guide them through the area of employee benefits and Revenue compliance.
How Russell & Co. can help
Russell & Co. has a proven track record in delivering dependable and comprehensive payroll outsourcing services in Ireland. We guarantee excellent customer service and we are always available to answer any questions that you may have.
Our clients like to have the option of talking to our payroll professionals face to face. It provides assurance and peace of mind that advice can be given immediately to stakeholders and employees. We always take pride in our work with our focus entirely on providing the best service to our clients.
Accurate payroll processing is a complex process, not to mention the tedious & routine paperwork requirements. As your business grows, your payroll functions become even more complicated. Outsourcing your payroll to our specialist team will free you from unnecessary stress and dealing with the inevitable problems.
We handle the payroll for business owners in a variety of industries which enables them to focus their attention on generating revenue and growing their business.
PAYE Modernisation was introduced in Ireland on the 1st January 2019. This was the first change to the PAYE System in Ireland since its introduction and there was a need to significantly improve the process.
All P forms- like the P45 and P60, which Irish employers had become so accustomed to, have been taken out of use and replaced by real time reporting to Revenue known as ‘Payroll Submission Requests’. The new system states that relevant payroll data for each employee must be submitted by their employer when they are making a payment. In general, this is weekly or monthly.
The process of claiming tax credits has also changed. Employers must retrieve an up to date RPN for each employee before they run their payroll. The traditional tax credit certificate (P2C) is no longer valid.
Regarding making the revenue payment, employers are to use the same system that was in place before PAYE Modernisation. Our team is fully trained in regards to PAYE Modernisation. If you have any queries relating to PAYE Modernisation please feel free to call us on 021-4963679.
Payroll for Small to Medium sized businesses
We specialise in payroll services for small and medium sized businesses in Cork. Our process is completely tailored to manage all our client’s ROS obligations and deal with the tax authorities on their behalf.
Our customer feedback highlights the fact that many of our payroll clients struggled to complete their payroll to the required standards before they decided to outsource their payroll to us. This was mainly due to the complexity and the amount of time it takes to complete properly.
All our small and medium sized business clients have benefited enormously from outsourcing to our payroll services team. For example, in order to operate an effective payroll system, it is necessary to obtain specialist software which can be costly and difficult to navigate. When you outsource your payroll to Russell & Co., you don’t need to worry about training for payroll systems and you have peace of mind that you are fully compliant with employment law.
Cost-Effective and Reduced Risk
Our payroll services can deliver significant cost savings to your company in both the short term and long term. One of the obvious benefits of outsourcing your payroll to us is that you will no longer be required to hire specialist staff to carry out your payroll in-house.
By outsourcing to Russell & Co. you limit the need to pay software and other hidden costs. Also, when companies handle their own payroll, there is a large potential for tough penalties due to a tax filing mistake.
Because of our payroll expertise, we provide our clients with a less expensive means of paying their employees. We offer all our clients a fixed, transparent fee structure that helps with your budgeting.
Tailored Payroll Services to suit your business
At Russell & Co., we tailor our payroll services to suit your business needs whether that be confidentiality or access to best in class processes and technology.
As your business develops and the number of employees on your payroll rise, so do your responsibilities to your employees and company stakeholders. We aim to take the burden of understanding and maintaining proper accounts from you. Our tailored payroll services are designed to meet our client’s specific needs while ensuring compliance with Revenue.
Our payroll team is made up of a dynamic and experienced professionals who ensure that our payroll process works at an optimal level for you whether that be advice on pensions, tax advice or payment of mileage rates that apply to your business.
Payroll Legislation and Regulations
There’s more to payroll than just paying your staff. Payroll covers hiring and firing, salary, leave dates, benefits, bonuses and other topics. One of the most challenging aspects of payroll for business owners is keeping up to date with the ever-changing payroll legislation. One simple mistake can lead to difficulties and harsh fines down the line.
Thankfully, when you avail of our payroll services you don’t have to deal with these ever-changing rules and regulations as our payroll services take care of the process for you.
Payroll compliance is complex, time consuming and costly when you get it wrong. We make sure your business stays ahead of the legislation because whether your business is in its first year or its fortieth, compliance matters. We ensure all deadlines are met to avoid late penalties.
We Guarantee A Professional Service
If your payroll is demanding more time and attention than it should, our payroll services in Cork are a great option. Working with Russell & Co. will free up your resources to focus on other aspects of the business while you’re safe in the knowledge your payroll is being handled properly.
We always ensure high professional and ethical standards while we are carrying out payroll services including integrity, objectivity, professional competence, confidentiality and professional behaviour.
WOULD YOU LIKE SOME EXPERT HELP?
Russell & Co.’s expert payroll services can eliminate stress saving your business time and money. We also supply a full range of Accountancy Services to assist your company including; accountancy and bureau services, company secretary services,and liquidation.