Benefits of Payroll Outsourcing
Payroll Outsourcing
Payroll outsourcing services can be an effective means of cutting business costs when strings need to be tightened. The current coronavirus pandemic is an example of where businesses have had to make tough decisions about their overheads.
Essential Payroll helps education, care, hospitality, recruitment and construction businesses to free up resource, become more time efficient, and save money. By using payroll outsourcing services, you free up your staff to carry out more important tasks – and you keep HMRC happy at the same time.
Talk to us about your payroll requirements by giving us a call on 02382 023223 - we'd be happy to run you through our services. You can also find out more information in the payroll bureau FAQ section at the bottom of this article.
Benefits of Payroll Outsourcing include:
- As an experienced payroll company, we take your payroll responsibilities off your hands, giving you and your employees time to focus on other, more important aspects of your job roles
- It’s our job to stay up to date on the very latest legislation and technology to ensure your payroll is completed 100% accurately and on time, every time
- Payroll outsourcing services can be surprisingly cost-effective as you eliminate the need for costly resources, such as staff time, training and software
Interested in outsourcing your payroll? Essential Payroll has years of experience successfully helping small to medium businesses thrive by fulfilling their payroll needs exactly. To find out how we can help your business, please contact the team today on 02382 023223.
Essential or managed payroll outsourcing services
Our two main types of outsourced payroll services are our Essential and Managed services. Essential Payroll provides standard reports and procedures for both administrating and processing payroll. Our services include processing starters and leavers, calculating payments, pensions and relevant deductions, liaising with HMRC and end of year submissions. These services integrate seamlessly with your existing systems and can be adapted to suit the specific demands of your business.
Our Managed Payroll is a more flexible, customisable approach to payroll and is totally based on your requirements. As well as offering all the same benefits as our Essential package, the Managed Payroll goes further to include in-depth department costs, multi-company reporting, dedicated support and a payroll management service.
Other services include auto-enrolment, BACS, P11d, payroll consulting and payroll partnership.
Whichever option you choose, you can be sure of a professional, reliable, accurate and secure service from all the team at Essential Payroll. To relieve yourself of your payroll responsibilities, call Essential Payroll today on 02382 023223 and we’ll be happy to discuss your requirements.
Payroll Bureau FAQs
A payroll bureau is partly in-house and partly outsourced payroll - meaning that rather than having the entire process run in-house, you control part of it and outsource the remainder. This means that you have control over the process, whilst some elements are handled by your provider, such as printing payslips or processing expenses.
Some outsourced providers have refer to themselves as payroll bureaus – in some cases they offer both aspects of the payroll service, others offer a full service package that closely resembles outsourced payroll.
As with outsourced payroll services, a bureau solution also provides you with access to expertise in legislation, regulations, and compliance.
If keeping control is also important to your business, payroll bureaus allow you to pick and choose which functions to retain in house and which to pass over. This flexibility enables you to hand over tasks that you don’t have the in-house skills for, or those that consume the most time and effort, for example.
Generally, it’s the small-scale and medium-scale entrepreneurs who will benefit the most from the services offered by a payroll bureau.
Yes and no - whilst most payroll bureus only offer to take on some aspects of payroll work, such as printing payslips or sending invoices, there is.
Outsourced payroll involves engaging a payroll service provider to manage your entire payroll service, whereas for the most part, this is not the case with payroll bureaus. Outsourced providers are also experts in all aspects of payroll, including current and future regulations, keeping everything running even when the entire industry changes, for example when RTI (real time information) regulations and pensions auto-enrolment came in. This helps businesses that aren’t able to keep up to date on the minute details of payroll regulations.
Outsourcing payroll can save you a lot of time and money and ensures your payroll processes are completed accurately and efficiently. Other benefits include:
- Keeping staff happy with accurate and on time payment
- Ensuring you’re compliant with HMRC legislation and tax rules
- Saving time so you and your staff can focus on your core business
- Safeguarding your highly sensitive data
One of the main benefits of outsourcing your payroll is that it has the potential to save you lots of money. When you add up the cost of paying an employee to manage your payroll, training, software, equipment, benefits, printing etc. the bill quickly starts to add up. Not only will offloading your payroll responsibilities to a trusted payroll partner, like us, relieve you of the stress of organising and managing this, it can save you money too.
We provide complete payroll solutions, from processing payments and managing starters and leavers to workplace pensions and liaising with HMRC. Our aim is to make sure you can focus on your core business by taking control of all your payroll responsibilities.