Payroll services for small businesses

For many businesses, especially small to medium sized businesses, resources can be limited impacting on time to simply handle the day to day running of a business. This is when outsourcing services can help.

There is an array of expertise offered by professionals in their fields that can help support a small business. Functions such as marketing, human resources (HR), payroll and even virtual PA’s. Firms that provide such expertise have a raft of knowledge behind them and by recruiting their services this often means that you have a team of people working for you behind the scenes. The workload is shared, allowing you, the business owner, to concentrate on growing your business.

If you’re considering outsourcing payroll, here’s an overview of some of the benefits.

Outsourcing payroll services

Payroll can be complex and time consuming but in the right hands can take a weight off your mind. Wages, tax and legislation all need to be adhered to for correct payroll and with the support of an outsourcing service can help a business avoid any penalties.

Pension auto-enrolment can be managed with outsourced payroll. An accountant can arrange to automatically enrol employees when they become eligible, produce the associated advisory letters, check deductions are calculated correctly each month in line with the scheme and any changes.    

A secure payroll service is vital when dealing with employee’s details. However, as an employer who has outsourced the service to an accountancy firm, having visibility of the payroll is also vital. This is where payroll software that offers secure visibility for both employer and employees is essential. The cloud software solutions available today can provide you with the vital privacy you need and ensure that all communications are GDPR compliant.

We offer a free consultation to assess how we can help with your payroll process and business finances.

Payroll Oxted, Surrey 

Payroll is about making sure that employees are paid on time, that accurate records are kept, relevant wage deductions are implemented, bonuses or benefits are noted as well as tax deductions. 

Get in touch with our payroll experts here at McKenzies for a free consultation. Let us become part of your team, helping you navigate your financial journey, save you time and help ease some of the daily pressures of running a business.

We offer accounting services to help your business manage everything financial, including bookkeeping, corporation tax, audits, and more. Contact our accountants in Oxted to get started!