Payroll has always been a vital element of the workplace, but sometimes employers are guilty of not recognising its importance.
After 18 months of uncertainty due to coronavirus and its ongoing impacts, payroll has never been more vital to the workings of the economy and the work world.
Business leaders have had to reconsider how crucial timely pay is amid the financial insecurity of their employees.
Not only this, recent research suggests that nearly half of British businesses now believe their organisation will look fundamentally different after the crisis.
One week this month was dedicated to National Payroll Week. Therefore, we think it is important to enlighten businesses on the significant aspects to consider when constructing a successful payroll service.
Firstly, a growing number of UK businesses are introducing flexible payroll practices to enable staff to choose a payday that best suits their personal lives or drawdown advances on wages.
Employers wanting to operate multiple payroll dates should find that their current payroll provider already allows this.
However, switching to a newer payroll adviser can massively reduce the workload, with the amount of work, administration and data sent to HMRC taken off the company’s hands.
With the rise in businesses using temporary staff and freelancers, more companies are outsourcing their payroll functions.
Small and medium-sized businesses that wish to avoid the expense of a full-time in-house payroll team may consider this a cost-effective and practical move.
Preparation of the weekly or monthly payroll can be time-consuming. When your focus is on making sure your customers are happy, sorting out the weekly or monthly payroll can be another unnecessary distraction.
How can we help?
Our outsourced payroll service gives business owners more time to run their organisation and make significant savings on overheads.
With years of experience, the latest software and the experts to back us up, we’re trusted to accurately process payroll as and when you need us.
We can help with…
- Comprehensive advice on all statutory requirements regarding PAYE, NIC and payroll
- Advice on payroll aspects of Auto Enrolment
- Advice on how to prepare and deal with PAYE audits
- Advice on status issues; employee or subcontractor; including IR35
- Advice on subcontractors’ tax systems
- Fully comprehensive SMP and SSP advice
- Advice on PAYE year-end procedures, completion of forms and penalty avoidance
- Advice on redundancy and termination procedures and payments
- Advice on overseas workers seconded to and from the UK regarding the reciprocal agreements currently in force
- Registration and set-up of new PAYE schemes
- Advice on employment legislation
Contact us today for more information.