Payroll payment solution is needed

Aside from sitting down with a good tax lawyer and payroll specialist to make sure you maximize deductions and make use of every possible tax incentive, I think you have to face reality that the world today isn't very accommodating for this type of tax evasion anymore.

What you're proposing is textbook tax evasion. It's the first thing junior officers at tax authorities are trained to detect and question. You can try different methods but all you're doing is squirting gasoline on a fire.

As long as it's mostly cash or crypto, you have some wiggle room to have poorly explained flows and losses. But as soon as you enter electronic banking, it's much harder to get away with this old school tax evasion.

Remember, even if you don't get caught, you're still on the hook if one of your 50 employees get caught. If the tax man finds out that Bob has been making 80,000 instead of his declared 50,000, they are going to make his life miserable. And they will also look into where the money came from. If you have tried to create of obfuscation, the tax man might offer Bob a deal where they won't send him to jail if he spills the beans.

I agree with @Sols absolutely.

In addition just a remark: At this moment, it seems like a tax issue with your company. Have you considered the relocation of your company from the EU to some lower tax and/or lesser accounting demands jurisdiction? It might solve some of the problems.
(Of course I think about a real relocation, i.e. with substance and local director/management ”“ otherwise the company would remain EU tax resident when managed from the EU.)

Lavvyer21 said:

What is given - EU company, labour rental service company. I have about 50 employees and at the moment I am paying the payroll in cash, thus increasing cash gap for my company monthly.

You pay the payroll in cash? In what country is your company and what business are you into ?