1 / 5

Outsourcing Your Payroll Makes A Lot Of Sense

More and more businesses in the UK are outsourcing their payroll tasks to specialist providers, and with good reason. The more employees that you have, the more complex your payroll becomes, and you have to get everything right, because otherwise you can be on the receiving end of fines from HMRC.<br>

Katie2
Download Presentation

Outsourcing Your Payroll Makes A Lot Of Sense

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Outsourcing Your PayrollMakesALot OfSense

  2. More and more businesses in the UK are outsourcing their payroll taskstospecialistproviders,andwithgoodreason.Themore employees that you have, the more complex your payroll becomes, and you have to get everything right, because otherwise you can be onthereceivingendoffinesfromHMRC. In the UKthe number ofbusinessesthat outsourcepayrollrose dramatically after the changes in legislation made in 2013. That was when HMRC introduced RTI –Real Time Information –to the PAYE system. As an employer, you suddenly had to submit tax deductions and reports every time you paid an employee instead of just at the end of the year. So, in effect, the amount of work to run your payroll multipliedby11times!Andalotmoreifyoupaidyouremployeesona weeklyorfortnightlybasis.

  3. This became a very good reason for many businesses to outsource their payroll to specialist providers such as ourselves at Pay Check. As one of the major payroll companies in Londonwe have over 1,500 clientsandweproducemorethan50,000payslipseverymonth. The problem is that if you are a small business, you probably do not have enough employees to justify taking on an in-housepayroll manager. This means that you either have to do it yourself or get one of your staff to take on the role in addition to their main function. Of course, doing it all yourself is a lot of hassle and it only getsworseasyourbusinessgrows.

  4. We are also a BACS approved bureau. That means that we can send BACS paymentstoyouremployees,to HMRC, andtootherthirdpartiessuchas Childcare Voucher providers. We only charge you an agreed monthly fee forhandlingallofyourpayrollneeds,andtherearenohiddenchargesor othersurprises. Ourpricesstartatjust£35.00permonth,andthisincludessecurepayroll andpayslipsoftware(whichwouldprobablycostyouintheregionof £1,500ayearifyoudidityourself). By outsourcing your payroll to us, you get rid of what is a really difficult job for most people, and you get peace of mind that your payroll is compliantwitheverythingthatitshouldbe.

  5. PayCheckLimited Address FirstFloor,BatterseaStudios,82Silverthorne Road,London MailID- info@paycheck.co.uk Website-https://paycheck.co.uk/ ContactUs

More Related