Handling payroll may seem straightforward, but in reality, payroll is time consuming, compliance heavy and poses risks to a business if done incorrectly.
As companies grow and evolve with new sets of challenges that bring many complexities, a lot of them are turning to outsourcing payroll as a smarter and strategic solution.
Here’s why outsourcing your business’ payroll makes sense, when to consider it and how you can benefit from it both short and long term.
Why you should choose to outsource payroll
- Saves time and reduce administrative burden:
Payroll isn’t just about sending payslips, it involves tracking hours, calculating tax deductions, managing benefits, submitting reports to HMRC and more. Outsourcing can give back valuable time for your internal team to work on business activities like growth and customer service. - Ensures compliance:
The world of payroll is ever-changing. With many laws changing frequently, from updates to minimum wage and holiday pay rules, it can be difficult to keep up. Having your payroll outsourced ensure total compliance to avoid mistakes and HMRC penalties. - Minimises risk of errors:
Outsourced payroll providers can ensure tax deadlines are met, avoid legal consequences and keep your employees happy with our expert payroll team who ensure accuracy.
When should you consider outsourcing payroll?
Making the switch from manual, internal payroll processing to outsourcing may be necessary when:
- You have more employees:
If your team expands, so does the complexity of your payroll. Understanding different contracts, shift patterns and deduction can become a lot to take on. - There’s a lack of expertise:
Not every business has in-house payroll experts, therefore outsourcing gives you access to trained professionals. - You’re spending too much time on admin:
Payroll is time consuming and if it’s eating into your valuable time for your work, it’s time to delegate.
How we can help
Outsourcing isn’t just about saving time, it’s about reducing risks, improving accuracy, ensuring compliance and freeing up your internal resources to focus on your business. The right payroll provider can help you to achieve both confidence and compliance with your business every step of the way.
Need help with payroll? At EKWilliams, we can simplify your payroll process, so you can focus on driving business growth and innovation without getting bogged down in the details.
Get in touch with our payroll specialists today to find out how we can help.