Why outsource Payroll to an accountancy firm?

The task of payroll is a crucial but often time-consuming task. If your company has grown in recent years, this function can place huge demands on your time as a busy business owner or for one of your staff in-house. Outsourcing payroll can free up your time for focussing on growth of your business backed up with the reassurance that you are in line with current regulations. Here’s a spotlight on some of the benefits associated with outsourcing your payroll function. 

Services and benefits of outsourced payroll

Payroll is an important role but can be exceptionally time consuming for a busy SME business owner. So, retaining a chartered accountancy firm that specialises in payroll offers you an extended team that’s available on the phone, email and for face to face meetings when required.

We offer a tailored service for our clients as we understand that while some payrolls stay the same with set salaries, tax codes and national insurance contributions, some months may vary and some payrolls will change every time. For example, some employees may need to have a bonus or commission included; or expenses such as fuel and subsistence claims added. This can all be managed by your retained payroll firm.

You may also find that deductions for loan payments such as student or travel loans or child support have to come out of payroll. This needs to be calculated and sent onto the correct government department, all of which can take time and can sometimes add to the complexity of the payroll task. But, with a payroll team, you can be safe in the knowledge that this is actioned, compliant and gives you back invaluable hours.  

Forms such as P45s can be prepped and calculated as well as thorough annual reporting including preparation of P60s.

We provide payslips and reports digitally via email in a swift manner to that the business owner can then make the BACS payments direct to their employees.

Can pensions be included in a payroll service?

We can calculate pensions for you to administer directly. However, with auto enrolment of employees to the government workplace pensions scheme, we can also process employees’ pensions within payroll and administer directly ourselves by uploading contributions to the pension website. Again, it’s about us working with a business owner to provide a service that works for them.

Payroll Oxted

We offer a payroll outsourcing services from our Oxted office where we work remotely with companies across the UK and internationally. Our specialist team will manage all your requirements allowing you to concentrate on running the business to its full potential.

If you’re in need of support, why not get in touch today and speak with our payroll team in Oxted. Wherever you are in the UK, we can manage your accounting needs, from payroll to bookkeeping through to corporation tax and much more, let our team assist and guide you on your financial journey.