When making a decision about who processes your payroll probably the main consideration will be: will it be more cost effective?
Here are some factors you might consider:
• Can I outsource for the same or less than it will cost to employ someone with the skills?
• Is there enough work for a payroll position?
• Do I have someone in-house who has payroll skills?
• How will an employee keep up to date with payroll legislation?
• How will the payroll run on time if my employee is not at work ?
• Is there any issue with an employee seeing their colleagues’ pay information?
• What factors affect my payroll and the time it takes to process it? Eg. number of staff, payroll frequency, calculation complexity, frequency of starters/leavers, pension contributions, etc.
• If I outsource my payroll, will it release more time for me/my employees to spend on my/our business activities?
• With GDPR as a consideration, do I have systems in place to ensure privacy and secure and timely delivery of payslips?
Like most business activities, payroll has changed greatly over the last few years. Ever increasing legislation, including payroll in real time and workplace pensions has made payroll more complicated. Whether you run a small or large payroll, now is a good time to look at your processes and consider whether outsourcing might be beneficial.
General News
Bookkeeping, payroll and associated services
We know that the record keeping and employment necessities of running your business can be time consuming and take you away from building your business. We can help by supporting these functions; including providing a complete payroll service and attending to your bookkeeping needs. We are MTD ready, and familiar with a range of accounting systems including Quickbooks, Xero, Freeagent, Kashflow, Sage, and others. If you think we might help you to spend more time on the business of ‘doing business’ then give us a shout!
Our team are here to help and give you a reliable and personal service!
Why outsourcing may help you run your business
This is a great article, which explains why more organisations are coming to us for support – leaving more time to focus on building businesses.
Concerned about MTD? Can we assist? We are ready to help with your bookkeeping requirements.
Is Payroll getting you down? We can manage your payroll with online payslips for your employees, HMRC submissions, applying pension legislation and uploading the data to your fund provider.
We are pleased to announce that our very own Amanda Jones is now studying for her ICB Level 2 qualification.