If your business is scaling up, then it may be time to consider outsourcing your payroll.
A growing workforce means a larger payroll, which can become both costly and time-consuming if handled in-house by your team.
Not to mention, as your business grows the need to stay compliant becomes more pressing.
Outsourcing your payroll to an expert can ensure that everything is handled, so you can focus on the expansion of your business.
Saving you time
Managing your payroll in-house can be a time-consuming task.
Overseeing substantial amounts of data and calculating deductions and net pay requires dedicated time and care.
By outsourcing to a payroll specialist, you can save time and energy to direct back into your business. This allows you to focus on areas such as marketing, sales, and growth strategies.
Compliance
Ensuring that your business maintains compliant can be challenging. It can be difficult to keep on top of tax changes, National Minimum Wage increases, and National Insurance contributions.
If you are unable to manage, and your business is not compliant with legislation, then you could face fines.
Outsourcing your payroll helps to avoid this.
Our payroll specialists will manage everything, so your business is always compliant with the latest payroll regulations and requirements.
Cost saving
Outsourcing your payroll can be cheaper than handling it in-house.
This is because the cost of outsourcing is predictable, whilst hiring a payroll expert and implementing the software and tools that they require can be costly.
Peace of mind
By outsourcing, you ensure that your company’s payroll is always taken care of.
As well as handling compliance, your outsourced payroll experts will ensure that your staff are paid the correct amount at the right time, every time, so you never have to stress about your payroll again.
How we can help
At Knights Lowe, we have an external bureau that provides support to businesses both large and small with payroll and employment services.
Bury Business Support has a team of expert staff who can help with:
- Processing your payroll at your company’s pace
- Ensure salary confidentiality
- Provide clear payroll reports with secure electronic payslips
- Deal with deductions and enrolment in pensions, student loans and attachment of earnings orders
- Handle tax incentives due to your employees
- Assist with technical queries raised by staff
- Pay employees, HM Revenue & Customs, and other authorities directly
By outsourcing your payroll to us, you can ensure that everything is taken care of.
Get in touch with our team today to get started.
