With the recent changes to payroll legislation, more and more businesses are looking to outsource. Here are six reasons why your business would benefit from outsourcing to a payroll bureau:
Free up time and increase productivity Payroll can be a very time-consuming process. Outsourcing will free up your time to focus on developing your business and pursue revenue-generating activities.
Ensure compliance with the latest legislation PAYE legislation, which you as an employer are expected to know, is constantly changing, and non-compliance can lead to penalties. Outsourcing to our payroll bureau will ensure compliance for your business. It is our duty to keep up to date with legislation changes and we use the latest HMRC accredited software.
Guarantee accuracy and efficiency It is important that payroll is processed accurately and that it is free from error. HMRC submissions must be made on time, and deadlines for filing and payments must be adhered to, in order to avoid penalties and interest charges. Outsource to our payroll bureau and we will ensure that all of these requirements are met.
Reliability There is always the risk that you may lose the member of staff that deals with your payroll, and when they walk out the door their knowledge goes with them. Outsourcing to our payroll bureau removes this risk, and your payroll service will never again be affected by holidays or sickness.
Keep costs to a minimum For small businesses, in-house payroll can be a money burner. If you have 20 employees or less you would see a cost reduction if you outsourced. Using our payroll bureau removes the need for you to invest in payroll software, recruit and train specialist staff, and purchase payroll stationery.
Achieve peace of mind Payroll can be complicated to administer and carries with it a lot of responsibility. It really is something that should be left to the professionals. It pays to have a wealth of experience at your disposal, and outsourcing to our payroll bureau will leave you worry free, and give you peace of mind that your payroll is being handled correctly.