Payroll

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.

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. We will compile reports for your financial accountants, personnel and management in accordance with your requirements.
Letting us in charge will allow you to concentrate your limited resources on your business needs whilst knowing that your payroll is being handled reliably and efficiently, with attention to detail, ensuring also complete data security and protection. We take the stress out of payroll for you.

 

Our services include:

 

Standard services

  • Gross to Net calculations
  • Payslips distribution
  • Payment file
  • New joiners and leavers administration
  • Management reporting (payroll summary file for HR and payroll journal for finance)
  • Tax and social security return preparation (ongoing and year-end)
  • Sick-leave and maternity leave administration
  • Tax and social security audit support
  • On-call support for HR

 

Additional services

  • Assistance in salary and paycost forecasting
  • Expatriate payroll administration
  • Cafeteria design, implementation and ongoing operation (country specific)
  • Payroll treasury (maintenance of sub-account – due to confidentiality)
  • Ad-hoc consulting

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 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.