Seamless Payroll Solutions for Modern Businesses.

Our team of dedicated payroll professionals takes the burden off your shoulders, ensuring that your employees are paid accurately and on time, every time. From calculating wages and taxes to handling compliance and reporting, we streamline the entire payroll process, allowing you to focus on what you do best – growing your business.

Hazel Sene - Payroll Manager

Payroll Services by Acumus Accountants in Gibraltar

  • Acquiring and maintaining accurate employee records, including personal details, tax information, and relevant employment details.

  • Determining the total compensation owed to employees, factoring in salary, hourly rates, bonuses, and other allowances.

  • Calculating and deducting income taxes, social security contributions, and other statutory deductions in accordance with Gibraltar's tax laws.

  • Ensuring compliance with Gibraltar's tax regulations, including the accurate withholding and remittance of payroll taxes, and assisting with the necessary submissions to the Income Tax Office for individuals and Companies.

  • Maintaining accurate and up-to-date payroll records, including earnings, deductions, and tax withholdings.

  • Generating and submitting required reports to regulatory authorities in Gibraltar, which may include payroll tax reports and employee tax forms.

  • Managing and overseeing employee benefits to ensure accurate payroll processing, including contributions to retirement plans and health insurance.

  • Ensuring compliance with Gibraltar's Employment Board, including for self-employed.

Legal Requirements for Payroll in Gibraltar:

  1. Income Tax:

    • Compliance with Gibraltar's income tax regulations, including the proper calculation and withholding of income taxes from employees' salaries.

  2. Social Insurance Contributions:

    • Adherence to social insurance contribution requirements for both employers and employees.

  3. National Minimum Wage:

    • Compliance with any national minimum wage regulations that may be applicable in Gibraltar.

  4. Employment Contracts:

    • Ensuring that employment contracts are in accordance with Gibraltar's employment laws, specifying terms and conditions of employment.

  5. Statutory Leave and Benefits:

    • Managing statutory leave entitlements and benefits as per Gibraltar's employment laws.

  6. Employee Rights:

    • Adhering to employee rights and protections outlined in Gibraltar's employment legislation.

It is essential to consult with Acumus Accountants or legal professionals in Gibraltar for the most accurate and current information, as legal and regulatory frameworks can change. Additionally, specific services provided by Acumus Accountants may vary, so it's advisable to discuss your requirements with us.