There are many benefits to outsourcing your payroll and once you do you may be surprised at how cost effective it is. Here are just a few of the benefits:
Knowledge and Expertise
When you process your own payroll you have to research how to deal with each new situation to ensure you are using the most up to date way of carrying out calculations. The calculation of holiday pay is a perfect example of this as the method of calculation has changed in the last few years.
If you outsource your payroll you won't have to even think about how to deal with something because our payroll experts are on hand to do that for you. Their knowledge and their experience enables them to advise you and process your payroll correctly.
Peace of Mind
Outsourcing your payroll means you will never again have to worry whether your payroll is correct. The employers we work with know that they can rely on us to calculate their employees' pay in advance of the pay date and will advise them on payroll matters as and when needed. Payroll information will be submitted to HMRC on time and any queries with HMRC will be dealt with on your behalf. We will tell you the amount to pay HMRC and on what date and can even send you a reminder close to the payment date.
When you outsource your payroll you will not need to worry about the cost of payroll software, what software to use and whether it does everything you need because we do that for you. Payroll software varies in price, its ability to do everything you need and its ease of use. When you outsource to us you just pay for each employee we process. With pricing from £20 per month that will be significantly less than payroll software plus the cost of your valuable time.
Outsourcing your payroll releases your time to continue running your business and doing what you are best at. Even if your payroll is straightforward it takes time away from your core business activities. Employees ask questions you may not know the answer to which will require more time spent researching. If you outsource to someone experienced they will be able to provide you with a simple explanation for you to pass on to your employee saving you time working out how to explain things.
Confidentiality and Security
Even if you have an employee who could do payroll for you, outsourcing provides you with confidentiality. There is no possibility of employees being able to access payroll information or be aware of what other employees earn. Our payroll software sends password protected documents to the employer and online payslips for employees to access with their own password.
Continuity and Consistency
The employers we work with have contact with an allocated payroll administrator who is responsible for processing the payroll for each pay day. The employer knows that their contact is available to them when needed so they quickly build up rapport as well as providing continuity and consistency of knowledge of each payroll. In your own business you may have a situation where the payroll can't be run due to sickness absence or holiday. That would never happen when you outsource to us as there will always be someone available to process your payroll.
Do you want to outsource your payroll?
April is the start of a new payroll year and is the perfect time to change from a system you are not completely comfortable with to an outsourced payroll service.
If you decide to outsource your payroll to us the only thing you have to do, once we have your payroll set up, is tell us about any changes. This could include adding overtime or bonuses, deductions for attachment of earnings orders, sickness absence or unpaid time off, or calculating holiday entitlement. Pension scheme contributions are calculated and the information submitted to the pension provider.
We provide payroll services to employers with between 1 and 50 employees. We are friendly and approachable and schedule your payroll based on your pay date, ensuring you have sufficient time to set up payments.
We guarantee you will find our payroll and pension auto enrolment services efficient and accurate, so if you want to have peace of mind and access to our payroll experts give us a call on 01722 341820. Watch our video about our payroll services to find out more.