One of the essentials in business is making sure your employees are paid the correct amount and on time. But it’s a complicated process and a time-consuming one at that.
You might be shocked by just how much work goes into payroll, too, and given that it isn’t something you can just skip one month, making sure everything is correct and on time can be stressful.
If a business owner is struggling to do their payroll obligations themselves, they often hire a payroll team. But what if you don’t have the office space or budget to get one?
Outsourcing your payroll to Whitley Stimpson is one solution that you won’t regret choosing when payday rolls around.
How outsourced payroll works
First, what is outsourced payroll and how does it work?
Outsourcing simply means giving a specific job to another organisation to do one on your behalf, for a fee.
So, our fully managed outsourced payroll service will see us essentially run your PAYE scheme for you and file your payroll with HMRC.
We’ll do everything, from running the numbers to working out your employees’ pay to answering any questions your staff may have. We’ll even create your payslips for you.
We’ll save you time and money
With us at the helm of your payroll system, you no longer have to dedicate hours to tedious work that could be better spent focusing on the parts of your business that actually require your attention.
We’ll also save you time that you’d otherwise have to use recruiting and training staff, not to mention the money that you’d have to invest in their training and wages.
How? Well, the money we take home comes from a range of sources, not just managing payroll, so we can do it at a much lower cost.
Our payroll team use the latest software; they are GDPR compliant, and BACs approved. What’s more, they can give you an e-banking file for your employee net salary payments to upload into your online banking software as well as journal entries to upload into your accounting software.
Our outsourced payroll pricing depends on a couple of different factors, including setup costs and HR integration, so if you’d like an estimate of how much our service would cost you, just talk to one of our professional accountants or one of our payroll team.
Whatever the exact price, we’re pretty sure you’ll save money with us.
We’re efficient professionals
We’re confident when we say we’ll get your payroll obligations done more efficiently than an in-house team. The reason why is that we’ve become especially competent in payroll work because of our years of experience working with clients just like you.
At this point, we know payroll like the back of our hands. We know every benefit your employees might be entitled to (sick pay, maternity pay, etc), as well as every deduction (like student loan repayments or National Insurance).
You can be sure that the chance of errors has been minimised and money saved.
We also provide a whole host of other services which you would expect from a firm of chartered accountants and business advisors. This means that we are well placed to help you with things like P11Ds, HR support, PAYE settlement agreements, employment related securities and the like.
We’ll keep you completely compliant with your duties, too, so once again you can get back to your business with some much-needed peace of mind.
Talk to us about your payroll.