Payroll
Managing Employee Compensation and Taxes.
Payroll services involve managing the process of paying employees, including calculating and distributing wages, taxes, and other deductions. This can include tasks such as processing employee payrolls, tracking employee hours, and ensuring compliance with relevant laws and regulations.
Help reduce payroll errors, maintain compliance, and keep employees paid on time.
Prefer email? xloucpa@hotmail.com
Our Solutions
We bring you the best possible solutions for your company.
Employee Data Management
This includes tasks such as keeping track of employee personal information, salary details, and tax information
Payroll Processing
This includes tasks such as calculating employee salaries, deductions, and taxes, and issuing paychecks or direct deposits
Compliance and Reporting
This includes tasks such as ensuring compliance with local and federal laws related to payroll, and submitting required reports to government agencies
Time and Attendance tracking
This includes tasks such as tracking employee hours worked, vacation and sick leave, and other time-off requests
Payroll Services Malta
If your business employs individuals you are required to keep wage records of sums paid as salaries, allowances, bonuses as well as all related deductions of Social Security Contribution (SSC) / National Insurance (NI), and taxes. This is a statutory requirement for all employees from date of commencement up to date of termination, whether you are employing individuals as a company or a self-employed.
What we help you manage
- Maintain wage records including salaries, allowances, bonuses and deductions of Social Security Contribution (SSC) / National Insurance (NI), and taxes.
- Support for Permission to Employ (PE number) registration and paperwork for engaging/terminating employees with Jobsplus.
- Monthly submissions such as FS5 (tax, SSC/NI and maternity leave trust fund contributions) with the Commissioner for Revenue (CfR).
- Year-end statutory reporting including FS3 (Statement of Earnings) and FS7 (Annual Reconciliation Statement), typically due by 15 February of the following year.
- Confidential handling of personnel data while complying with local legislation on entitlements, leave, overtime, notice periods, and NI calculations.
Why outsource payroll?
Outsourced payroll services can reduce administrative load on your HR/finance teams and help ensure monthly and annual reporting stays accurate, on-time, and compliant.
Industries
Service Business Specialists
Our team provides tailored accounting and financial services for a variety of service businesses. From bookkeeping to tax planning, we have the expertise to help your business succeed. Our goal is to provide high-quality service and support, to help our clients navigate the challenges they face.
Exceptional Accountancy Resources
- Savings ExcelAvailable Soon
- Tax CalculatorAvailable Soon
- Checkbook BalancerAvailable Soon
- VAT CalculatorAvailable Soon
Frequently Asked Questions
Everything you need to know about payroll services.
Need a personalized solution?
An accounting and audit firm, such as XLW Advisory, can provide a range of services that are tailored to the specific needs of each client. The firm’s team of experts can work with clients to understand their unique business operations and financial goals and then design a customized solution that addresses their specific needs. Services that can be tailored to individual clients.