Why law firms should be outsourcing their payroll

Time is money in the legal industry with clients to represent and cases to manage moving focus from law to payroll can hinder a firm’s success.

Payroll management can be time consuming and complex that’s why it can be a good idea to outsource payroll.

Enhanced billable hours

Nobody joins the legal industry with the intent of spending hours completing administrative paperwork, time spent managing payroll, PAYE queries, pensions and tax compliance which inevitably takes away from billable hours.

Billable hours are so important for those in the legal industry and removing barriers to that allows lawyers to focus their efforts on their cases instead of administration tasks.

Cost savings and time efficiency

Hiring staff is always expensive, you have to factor in the costs of hiring, training, salary, payroll software and pension contributions.

However, when payroll is outsourced, these overhead costs are slashed and the time it takes to complete payroll is cut significantly.

This also allows room for growth for firms, with payroll outsourcing it is possible to scale up or down according to your staffing levels which means you only pay for the services you need.

Payroll compliance expertise

Navigating the world of regulations of tax laws can be hard making it difficult for business to remain compliant and it is important to keep payroll correct to keep staff happy!

When you outsource your payroll, you are ensuring that it is in the hands of a professional, somebody who lives and breathes accounting that has an expanse of knowledge to ensure HMRC compliance.

Scalability for growth

A growing team can lead to increasing payroll complexity. Having a dedicated team that know the ins and outs of payroll is always beneficial to ensure smooth growth.

Outsourcing offers scalability, you can adapt to the changing needs of your team with ease it lessens the hassle of having to constantly reevaluate and upgrade your payroll structure.

How we can help

Payroll, we all need it, but we don’t need it to be complicated for already busy individuals.

Our team here at Moore Thompson offer dedicated payroll services that free up time to make a difference to the effective running of your firm.

We offer fast efficient services for legal firms of all sizes.

Get in touch today to learn about our payroll services.