You want to make sure that your staff are paid correctly and on time, every time and that you keep on the right side of HMRC but, at first sight, outsourcing your payroll might seem like an expensive option. So why is it worthwhile giving consideration to having a Payroll Bureau or Management Service look after your payroll?
Well, there are a number of good reasons. Here is a short list -I’m sure that anyone who has made this move could add more of their own:
- Your time is freed up to concentrate on what you do best – developing your business.
- You are freed from the worry of having to constantly keep abreast of ever-changing payroll legislation.
- Reliability – no need to worry about payroll staff calling in sick or your computer breaking down. A good Payroll Management Service will always have a backup system available.
- Perhaps surprisingly, cost – if you add up the cost of maintaining up-to-date software and your own or staff time, it is generally more cost-effective to outsource the work.
You need to ask yourself if the advantages outweigh the disadvantages and shop around for some quotes.