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Running Payroll Can Cost Small Businesses A Lot

When you run a small business, you may be surprised at just how much your employees are costing you in terms of payroll. If you have a big business, then you can justify hiring a payroll clerk to run your payroll because it is a full-time job. But in a small business, that is not possible. <br><br>

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Running Payroll Can Cost Small Businesses A Lot

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  1. Running Payroll Can Cost Small Businesses A Lot

  2. When you run a small business, you may be surprised at just how much your employees are costing you in terms of payroll. If you have a big business, then you can justify hiring a payroll clerk to run your payroll because it is a full-time job. But in a small business, that is not possible. What usually happens, therefore, is that the business owner / director appoints a staff member to undertake the payroll for however long it takes. This takes that staff member away from other duties which may have been adding to the profit of the business.

  3. But it can get worse, because what happens if that staff member goes sick just before pay day? Even worse, what do you do if your staff member decides to leave your company? You are straight back to square one and have to start all over again. But even if your member of staff doing the payroll never goes sick or on holiday, and stays with you for years, there can still be other issues surrounding payroll. Not the least of these is keeping up to date with all the changes in the law.

  4. Then you can have a situation where there are just plain, old- fashioned, genuine errors. Nobody is perfect, but if you have somebody doing your payroll who is only a part-timer, so to speak, then it is much more likely that errors will occur, which could result in fines. This is why so many smaller businesses today use payroll bureau services in the UK. At Pay Check, we provide payroll bureau services in the UK to some 1,500 businesses of all sizes, and we process around 50,000 payslips a month.

  5. Contact Us Pay Check Limited Address First Floor,Battersea Studios,82 Silverthorne Road,London Mail ID - info@paycheck.co.uk Website- https://paycheck.co.uk/

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