Payroll

Challenge

Frustrated with Your Payroll?

Processing payroll in-house can be an administrative burden to a growing Small and Medium-Sized Enterprise (SME). Manually tracking employee timesheets, computing hours worked, calculating gross wages and statutory deductions are all time-consuming tasks. Furthermore, many SMEs are faced with the growing risks of payroll fraud and
non-compliance with local laws which have the potential to cost tens of thousands of dollars in
losses, penalties and interest.

Firstlink Challenge Payroll

What's the Solution?

FirstLink can integrate our proprietary payroll software to automate and streamline your employee timekeeping and payroll processing. Say goodbye to your payroll hassle. Our payroll solution calculates your weekly, fortnightly or monthly payroll for 2 or up to 300 employees. It includes:

1
Employee Time Tracking

We provide proprietary software to track your employee’s clock-ins and outs.

2
Wage Calculation

We calculate your employee’s gross salary and wages based on time tracking information.

3
Statutory Tax Deductions

We calculate and remit statutory taxes such as national insurance, PAYE and health surcharge deductions.

4
Direct Bank Deposits

We transfer employee’s salaries directly into their bank accounts via ACH deposit.

5
Third Party Assignments

We remit third party assignments such as loan payments, annuity plans and other standing orders.

6
Monthly Payslips

We provide employees with electronic or physical monthly payslips.

7
PAYE Monthly Returns

We prepare monthly PAYE returns for submission to Inland Revenue Division.

8
NI184 and NI187 Forms

We prepare monthly NI184 and NI187 forms for submission to National Insurance Board.

9
Annual TD4s and TD4 Summary Sheet

We prepare annual TD4s and TD4 summary sheet for submission to Inland Revenue Division.

10
Payroll Reports

We prepare payroll reports and summaries by departments or locations.

11
Accounting Journals

We prepare accounting journal entries for wages and salaries as well as related payroll taxes.

12
Statutory Audits

We oversee National Insurance and PAYE/Health Surcharge audits conducted by respective statutory agencies.

Need our help for your Business?

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Benefits of Payroll Outsourcing

Wise business owners focus on generating sales, managing their staff, and creating new processes to improve efficiency and save time. Pushing paper and entering data in Microsoft Excel should not be the culture within your business. Our payroll solution allows Start-Ups and SMEs to achieve the following benefits:

Greater Confidentiality

Greater Confidentiality

We protect the confidentiality of your payroll information which ensures that staff members are unable to access or view the salaries paid to other employees or management.

Focus on Core Activities

We provide your business with more time to pursue value added and income generating tasks by removing the need to manually process your payroll internally which requires a great deal of time and attention to details.

Focus on Core Activities
Compliance with Government Regulations

Compliance with Government Regulations

We ensure that your business is compliant with local payroll laws such as National Insurance, Health Surcharge and Income Tax acts ensuring that your business isn’t faced with any penalties or fines for non-compliance.

Client Testimonials

Atlantic Tours and Travel Limited

The team at FirstLink has always supported us from inception with our initial company registration providing practical and knowledgeable advice to guide us during the startup process. Fast forward to present – They provide us with both accounting and business advisory services. We feel comfortable and at peace knowing that we can call on Richard and his team at any time day or night to deal with any complex accounting, legal, human resource or business challenge that we’re going through.”

MARIA SEEGOBIN
DIRECTOR, COMMERCIAL - ATLANTIC TOURS & TRAVEL LIMITED

For us, what distinguishes FirstLink from the many accountants we’ve dealt with in the past is their adoption of modern technology to reduce the tedious and administrative processes and their focus on providing clients with not only accounting services but value added advisory and consulting services. As business owners, we’re not necessarily savvy in finance or legal, however, we can always depend on FirstLink for any issue we are facing. We feel like the relationship with FirstLink is more partners for life as oppose to just a client – accountant relationship.

TAREL LAUGHLIN
MANAGING DIRECTOR - SALTWATER STUDIOS LIMITED
HERO TRINIDAD

The team at FirstLink introduced our business to Xero accounting. It has given us a lot more control over our financial information and for non-accountants; it is extremely easy to use. The Xero Mobile App easily allows us to send invoices to our customers on the go and tracks when the invoices have been viewed by them. I would definitely recommend Xero and FirstLink to anyone looking to implement cloud software to gain real time financial information to improve their business.

DAMION RICHARDS
CHIEF OPERATIONS OFFICER - HERO TRINIDAD
Playa Del Este Limited

Running a business can be a nightmare. Whatever can go wrong will go wrong. However, Richard, Aaron and the team at FirstLink have always been and continue to stay right by my side to provide their professional guidance and advice for every obstacle that we’re faced with. It’s a comprehensive service which is both personal and supportive of my business requirements whether its accounting, tax, human resource or industrial relations disputes.

SU-LAN HEADLEY
MANAGING DIRECTOR - PLAYA DEL ESTE LIMITED
Atlantic Tours and Travel Limited

Richard’s support and professionalism are a pillar of reliability and dependability. We trust totally his guidance and know all is confidential. Any company that he is part of has our complete support. It is without hesitation that I endorse him and FirstLink to anyone seeking professional and honest business advisory support whether accounting, human resource or legal.

ROGER SEEGOBIN
MANAGING DIRECTOR - ATLANTIC TOURS & TRAVEL LIMITED
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