payroll outsourcing companies uk

1. payroll outsourcing companies uk PAYROLL OUTSOURCING G OUTSOURCE YOUR PAYROLL? At this point some payroll providers will suggest that not outsourcing your payroll will open you and your business up to the risk of large penalties from HMRC and The Pension Regulator. They will hint at headaches and sleepless nights, and leave you feeling decidedly uncomfortable, in the hope of a phone call. What they say is undeniably true, however… …we don’t believe that scaring our clients into outsourcing their payroll to us is the right way to begin what we hope to be a long and happy business relationship.

2. We are about empowering and informing our clients, supporting their business growth and enjoying the journey with them. What we do say is that there are many hidden costs to running payroll in-house, and there are a few to ponder below: ● Recruiting Skilled and Experience Payroll Staff ● Salary for a Specialised Employee ● Professional Memberships to CIPP ● Sickness/Holiday or Maternity Cover ● Payroll Software ● Training on Software and Yearly Legislation Updates ● Hardware, including Backup Server ● Disaster Recovery Costs ● Specialist Stationary The decision to outsource isn’t always based on facts and numbers. From having time to be with your family or walk your dog, to ensuring that your team are happy and paid fairly and on time for their efforts, there are many reasons that you might choose to outsource. How many of those below apply to you? I AVOID YOUR PAYROLL KNOWLEDGE WALKING OUT OF THE DOOR As a small business, you’ll get to the point of being a ‘well-oiled machine’. Each member of your team becomes crucial and whilst they love their job, there are other factors that may mean a core employee will look to leave you. Family responsibilities, health worries or a change in priorities can

3. all lead an employee to move on. Outsourcing means you know that your payroll will be done each month without that risk. Familiarity with unusual situations Payroll and Auto Enrolment can be a complicated and varied process, and a change in legislation can be daunting to implement. The additional complications of sickness absence, holiday monitoring, and calculation of maternity leave and pay entitlement are more than a small employer should have to deal with. There are many elements that can be added to payroll, such as medical or dental schemes, cycle to work schemes, or other benefits, and court orders or similar can require a deduction to be made to an employee’s pay which will need monitoring each month. Small business owners can take care of payroll themselves. But it’s a task they can’t become practiced at, and often that’s dreaded each week or month. The legislation changes are something there isn’t time for, but if missed can cause problems for employees or worse. Many businesses have a peak at the end of the month and small business owners find themselves running payroll outside of core business hours to ensure that their team are paid on time. This can take away time from family and friends, and other areas of life that are important and make life worth living. We price our service to make sure that time for walking the dog, a meal out with the family, playdate with the kids or game of football with the lads is worth so much more? Call us today to discover the difference we can make to your business.