FAQs

Payroll outsourcing allows you to hire a specialist payroll provider to manage your company’s payroll, HMRC and pension submissions (where applicable). This includes such things as producing payslips, reporting to HMRC and pension providers along with all other compliance and required reporting. Utilising our services can save you time and money, give you flexibility, help eliminate payroll errors and ensure confidence in compliance with fast-changing regulations. It also negates the need for fully trained payroll staff within your company freeing up valuable time and keeping costs down

Some of the main reasons include the initial cost and ongoing license fee for the software required to run a payroll function. You’ll need a minimum of two employees to be fully trained and conversant with the operation of the software and not to mention the constantly changing legislation.

Time is also a factor in running payroll. It can be a rather complex task and mistakes do occur when run in-house and you’ll need to be able to correct these whilst ensuring all the correct documentation is being sent to HMRC on time to avoid any penalties and fines.

How complex is your payroll?

Do you have employees with varying compensation structures?

Do you have the time and resources to manage payroll effectively?

Are your staff fully trained and up to date with legislation to deal with your payroll?

Are you confident in your understanding of PAYE, pension and employment laws?

Are you willing to invest in costly payroll software and stay updated with regulatory changes?
Can you afford potential penalties if errors are made?

What will you do if the staff member who processes payroll is off ill or on holiday?