Outsource your payroll function today to save time and money

Employers often make common mistakes when it comes to payroll, such as forgetting to change the wage rate for the National Minimum Wages or making incorrect deductions.

Not only that, but the regular payroll process can be complex and time-consuming, especially with changes to legislation. Payroll outsourcing is delegating some or the entire process to another business.

Payroll staff costs can be very expensive when including their wages, cover for holidays, sickness, maternity, etc. Poorly trained staff can lead to expensive mistakes and penalties for non-compliance.

How can outsourcing help?

  • Peace of mind: You will know that your team are being paid properly when outsourcing to a trusted payroll provider This allows an increase in productivity while at the same time wages are paid on time and compliance issues are dealt with.
  • Hardware and software costs: The cost of computers, software and ancillary equipment, together with ongoing training is a significant cost to the business. Your outsourcing professional will use the latest cloud-based technology, which will allow you as the client to see real-time changes in the payroll.
  • Minimising penalties risk: The financial penalties for failures to meet PAYE compliance regulations, especially under the latest RTI regulations, can not only be severe but will involve wasted management time, employee dissatisfaction and vulnerability to costly Inland Revenue PAYE Inspections.
  • Added security: Outsourcing also negates the need for regularly backing up the payroll data along with the related internal security issues. It allows you to focus on the core activities of your business and passing your payroll information to a third party helps you to know and track everything about your payroll expenses.
  • Streamline and save time: Relying on the expertise of outside specialists can help to remove the burden of payroll from you and your finance team so that they can focus on what counts – helping your business to flourish.

As you can see, outsourcing your payroll function can help you save time and remain compliant. If you would like to know more about our payroll services, please speak to us.