Whether you currently run your payroll in house or it is outsourced to an Accountant the benefits of outsourcing to a Payroll Bureau are numerous.
One of the biggest reasons clients outsource is the annual renewal costs of payroll software – as technology improves and HMRC enforce more and more legislation, payroll software has to be HMRC compliant. The initial cost of buying compliant payroll software and the continuing annual update costs would pay for many months of a professional payroll bureau service.
Keeping up with Payroll legislation is another reason employers choose to outsource. Payroll legislation is constantly changing. Real Time Information became mandatory for all employers in April 2013. Employers Allowance became effective from April 2014 – are you currently benefitting from this? Auto Enrolment is another huge hurdle for employers to get to grips with – do you know your Staging Date? If not, contact us and we can advise you. AE affects every single employer in the UK. As members of CIPP it is our professional duty to be aware of employer payroll obligations and ensure compliance.
We provide payroll services to all types of employers, large and small. Our aim is to precisely bespoke our services to provide a ‘jigsaw fit’ in matching your requirements and the payroll service you receive.
We do this by listening. We listen to you, to what you like and to what your employees like. You make the decisions. Consider us part of your team – just not in your office.
The payroll reports you receive are chosen by you. If you like the information you receive provided in a certain format – we will do our best to provide it.
We are experienced in all aspects of running payrolls: SMP, SPP, Student Loans, Deductions from Earnings orders, SSP, Tax code changes, Real Time Information submissions: FPS and EPS, P60‘s, P45s, National Minimum Wage changes, Directors NI and much more.
There are many more advantages to outsourcing your payroll to a bureau. The above are just a few. If you would like to discuss the advantages of outsourcing in further detail – please do get in touch.